(NEW YORK) -- LeBron James might be departing South Beach but Chris Bosh isn't.
The Miami Heat are finalizing a five-year, $118 million deal with Bosh, according to ESPN.
The 6-foot-10 Bosh was being courted by the Houston Rockets and was reportedly offered a four-year maximum contract. After former teammate LeBron James announced earlier in the day that he was returning to Cleveland it was expected Bosh would accept Houston's offer. Instead he heads back to Miami, where he's been part of two championship teams.
The 30-year-old Bosh is entering his 12th NBA season. During his career, Bosh is averaging 19.2 points, 8.7 rebounds, two assists and 1.1 blocks per game.
Copyright 2014 ABC News Radio