The Miami Heat re-signed guard Dion Waiters, the team announced on Friday night. .
President Pat Riley said in a statement that Waiters proved last season that he was one of the best guards in the NBA.
"We are happy today to be able to sign Dion to a long-term contract," Riley said in the statement.
Riley added that Waiters is an attacker and an "excellent" three-point shooter as well as a defender. The Miami Herald's Manny Navarro reported the Heat will be paying Waiters $52 million for four years.
"He is a player that has no fear in taking the last shot, regardless of the outcome," Riley said. "We believe that continuity has shown to be one of the important things that we do by keeping a team together. Having Dion back in the fold is a big factor in keeping that team chemistry together."
Last season, Waiters appeared in 46 games (43 starts), helping Miami to a 27-19 (.587) record in those games. He averaged 15.8 points, 4.3 assists, 3.3 rebounds and 30.1 minutes while shooting 42.4 percent from the field and a career-high 39.5 percent from three-point range.