Chris Bosh, Heat reach deal

— -- All-Star center Chris Bosh has agreed to return to the Miami Heat on a five-year, $118 million contract, sources confirmed to ESPN.

The Houston Rockets also were in the hunt for Bosh, but the free agent has told them he is returning to Miami, sources said.

In addition, sources say Miami is now pushing to keep free-agent guard Dwyane Wade.

The Bosh deal was first reported by Yahoo! Sports.

Bosh opted out of the final two years of his deal -- worth $42 million -- with the Heat last month. He had planned to see what former Miami teammate LeBron James decided before making his free-agent choice. Earlier Friday, James told SI.com that he would be leaving the Heat to return to the Cleveland Cavaliers.

The Rockets thought they were nearing a deal for Bosh, with a source close to the situation telling ESPN.com's Marc Stein earlier Friday that the team believed it would have a commitment "soon." Houston had offered him a maximum four-year, $88 million deal, sources said. It cleared out cap space by trading guard Jeremy Lin and a future first-round pick to the Los Angeles Lakers earlier Friday, a source said.

But Bosh chose the Heat instead, rejoining the team he's spent the last four years with alongside Wade and James.

Information from ESPN.com's Jeff Goodman was used in this report.