Waiters Island is keeping its residency in Miami for at least another four years. Free agent guard Dion Waiters has agreed to a four-year deal to re-sign with the Miami Heat for $52 million, according to a report from ESPN's Adrian Wojnarowski on Wednesday.

Waiters chose the Heat, where he enjoyed a bounce-back season in 2016-17, after reportedly considering the New York Knicks and Los Angeles Lakers in free agency.

The sharpshooting Waiters, still only 25, averaged 15.8 points, 4.3 assists and 3.3 rebounds last season while shooting 39.5 percent from beyond the 3-point line. Waiters' re-signing helps stabilize the Heat's backcourt for the short-term after losing out in the Gordon Hayward sweepstakes to the Boston Celtics, and gives the team a talented, young returning core that includes Hassan Whiteside, Goran Dragic, Justise Winslow and 2017 lottery pick Bam Adebayo.