Mo Williams has agreed to a 6 year, 52 million dollar deal with the Bucks.
Ugh, that really hurts. Mo Williams would have finally given the Heat a legit 3rd scoring option and would have solidified the point guard spot for at least the next three years.
A couple days ago (when the Bucks were only offering 40 million) Marc Stein from ESPN had reported that Williams was most likely going to sign with the Heat. It sounds like he really wanted to come to Miami, and might have been willing to leave 10 mil on the table to do it. He couldn't walk away from an extra 20 mil though.
To make matters worse, the Heat's second option at PG, Steve Blake, agreed yesterday to sign with Portland. Also, Chucky Atkins is on the verge of signing with the Nuggets.
Our options in free agency are now limited to Brevin Knight, Steve Francis, and Spanish PG Juan Carlos Navarro, who's rights are held by the Wizards.
I hope the Heat makes a run at Navarro. John Hollinger writes in his blog (ESPN insider required) that he'd be a good back up PG.
EDIT - Whoops, stupid me forgot that because Navarro's rights are owned by the Wizards, we can't simply sign him. We'd have to make a trade.