The Heat bought out the final three seasons of Jones' contract June 30. But he told the Sun Sentinel he believed there was a possibility he would return.
Jones accepted the $1 million veteran's minimum this season, the newspaper reported. He will also be paid the $1.5 million buyout sum he is owed for the upcoming season. Jones, the Sun Sentinel reported, had been offered the $6 million mid-level exception by the San Antonio Spurs.
"At the end of the day," Jones told the newspaper, "I felt like I had the ultimate opportunity here. To me, this can be my redemption year."
Center Jamaal Magloire and point guard Carlos Arroyo are also expected to be re-signed. Dwyane Wade, LeBron James, Chris Bosh, Udonis Haslem, Mike Miller, Zydrunas Ilgauskas, rookie Dexter Pittman, Joel Anthony and Mario Chalmers are all under contract. Free agent Juwan Howard is also expected to get a deal.
The Heat have two open roster spots.