Miami, FL Ė The Miami Heat have reportedly agreed to bring back forward James Jones at the veteran's minimum.
Miami requested waivers on the seven-year veteran in June, buying out the final three years of his previous contract to make him a free agent.
The Miami Herald reported Jones spurned larger offers, including a reported $6 million deal with the Spurs, for a chance to return to the new-look Heat.
Jones would provide another outside shooting threat on a roster being stacked with veterans and rookies alongside LeBron James, Chris Bosh and Dwyane Wade.
It's been speculated for some time the Heat are also in the works to add free agent forward Juwan Howard and also re-sign guard Carlos Arroyo and center Jamaal Magloire.
Jones spent the past two seasons with Miami as a reserve and appeared in 36 games last year while averaging 4.1 points in 14 minutes per game. The 29- year-old connected on 37 three-pointers, hitting 41.1 percent from beyond the arc.
Over 366 games, including 65 starts, Jones has averaged 6.4 points and 2.4 rebounds while shooting 39.5 percent from three-point range. He has also logged stints with Indiana, Phoenix and Portland.