Udonis Haslem is staying with the Miami Heat.

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Terms were not immediately revealed, although Haslem says he turned down offers from Dallas and Denver that would have paid more. The Heat were expected to announce the signing later Monday.
Haslem has been teammates with Dwyane Wade for each of their previous seven NBA seasons, and Wade wanted that relationship to continue. When Wade, LeBron James and Chris Bosh agreed to new deals last week, each took slightly less money to allow Miami room to get other players.
Haslem has averaged 10.0 points and 8.1 rebounds in his seven Miami seasons.

Oddsmakers from online sportsbook SBGGLOBAL.com currently list the Heat as 7/4 favorites to win the 2011 NBA Championship.

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Posted: 7/12/10 11:10PM ET