The Miami Heat have signed 13-year veteran point guard Mike Bibby quickly after he cleared waivers and became a free agent, adding an experienced, talented veteran point guard (even if he has lost a step or two as fellow W's contend).
He gave up $6 million in guaranteed money from Washington to have the chance to join a championship contender, and quite frankly (assuming I had enough money to make such a decision) I'd have done the same thing.
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The Boston Celtics have signed forward Troy Murphy and will sign swingman Sasha Pavlovic for the rest of the season, as they continue to add depth and talent for the stretch run of the regular season and postseason.