Free agent point guard Dennis Smith Jr. has reached a contract agreement with the Heat, agent Daniel Hazan tells Chris Haynes of NBA on Prime and NBA TV (Twitter link).

According to Haynes, the Heat have been closely monitoring the seven-year veteran throughout the offseason.

The terms of the deal were not disclosed, but Smith’s contract with Miami is likely non-guaranteed. It may be a training camp deal, which wouldn’t count against the salary cap unless Smith makes the regular season roster.

More to come…