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Miami Heat Sign Veteran PG Mike Bibby

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(CBS4)

(CBS4)

MIAMI (AP) — Mike Bibby signed with the Miami Heat on Wednesday night, the deal being finalized quickly after the 13-year veteran point guard cleared waivers and became a free agent.

Bibby is expected to be with the Heat when they host Orlando on Thursday. Heat president Pat Riley says the signing moves Miami “into the direction of our championship dreams.”

His signing is not a surprise. When Bibby was traded by Atlanta to Washington last week, there was immediate speculation that Bibby would seek a buyout from the Wizards.

And Miami quickly vaulted to the top of Bibby’s wish list, especially after he agreed to give up $6 million that was guaranteed to him next season to get out of his deal with Washington and have the ability to join a championship contender.

(© 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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