What happened: Free-agent guard Tim Hardaway Jr. has agreed to a one-year, $6.5 million contract with the Miami Heat. Miami officials finalized the agreement Tuesday night with his agent, Mark Bartelstein of Priority Sports.

Why it matters: The signing adds proven perimeter shooting to a Miami rotation that has been reshaping itself around Giannis Antetokounmpo. Hardaway gives the Heat floor-spacing and a veteran scoring option off the bench at a modest one-year price.

What to watch: Watch for how Hardaway fits into the rotation and whether Miami continues to add shooting as the offseason unfolds.