Mario Chalmers, Miami Heat Agree To Contract Extension

Mario Chalmers was a restricted free agent during this lockout-shortened offseason, but the Miami Heat guard didn't exactly take much time testing the market. The de facto point guard for LeBron James, Dwyane Wade and company agreed to a new contract on Friday shortly before contracts were able to officially be signed.

Chalmers agent, Sam Goldfeder, told ESPN.com that the two sides had reached an agreement on his client returning to the Heat on Friday morning. Terms of the deal were still being worked out, however, so the exact details are still up in the air at this point.

Chalmers ranked as the 23rd best NBA free agent according to SB Nation's brilliant Tom Ziller, but not exactly because he's a top talent:

Chalmers finds himself this high on the free agent list only because there is a dearth of point guards available (what's new?), because his infinitesimally small role with the Heat likely underrates his production potential and because he's a fine ballhawk.

The Heat also locked up James Jones for another season on Friday, making Chalmers the third signing for Miami as free agent Shane Battier announced he would also be joining the squad for the upcoming season.

For more on Chalmers and the Miami Heat, visit Peninsula Is Mightier.

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