What to know about the latest rumor surrounding Carlos Slim

The latest rumor around the NBA is that former Denver Nuggets guard Carlos Simmons will leave the Denver Nuggets for a lucrative $3.7 million per year contract with the Miami Heat.

The report is backed up by a recent report by CBS Sports’ Chris Haynes, who claims to have spoken with an NBA source.

Haynes also claims to be speaking with a source who claims that the Heat will “sign the first big-name free agent to Miami this offseason.”

According to CBS Sports, the Heat are “working” on a deal for Simmons, who has been a staple on the Miami roster since being selected No. 1 overall in the 2011 NBA draft.

While the Heat would likely need to make a trade or two in order to land the 27-year-old, a deal would certainly provide some much-needed depth for the roster heading into next season.

Simmons, a 6-foot-6, 215-pound guard who averaged 12.7 points and 6.7 rebounds in 35 games last season, was expected to sign with the Heat as a free agent this summer.

But as a member of the Nuggets, Simmons struggled to live up to expectations and was eventually traded to the Cleveland Cavaliers in a deal that sent the Nuggets to the 2014 NBA Finals.

The Heat have since signed Dwyane Wade and Goran Dragic as well as a slew of new faces on the roster, including veteran swingman James Johnson, a former lottery pick.

However, the team has yet to win a game this season and remains two games back of the Indiana Pacers in the Eastern Conference playoff race.