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Heat set up five-year payment plan to honor Chris Bosh contract

Courtesy of Fox Sports: Expect Chris Bosh to return to form after taking back seat to LeBron.

The Miami Heat released Chris Bosh Tuesday and have announced the No. 1 jersey Bosh wore will be retired. On top of that, the Heat have set up a five-year payment plan to honor the contract they agreed upon with Chris Bosh.

And it’s quite the golden parachute.

While this situation has been tough on both Bosh and the Heat — Bosh battling through a blood clotting issue in his leg for well over a year — Miami is handling things with an extraordinary amount of class.

We can’t wait to see Bosh’s No. 1 jersey hanging from the rafters in Miami some day very soon.