According to NFL Network's Michael Lombardi, Bush agreed to a new two-year contract with Miami. NFL.com's Steve Wyche reports the trade could be finalized as early as Thursday. Details of the trade, which was first reported by Jay Glazer of FOX Sports and Network, are not immediately known.
The No. 2 overall pick in the 2006 NFL Draft is due $11.8 million in the final year of his current contract with New Orleans. The Saints drafted former Heisman Trophy winner Mark Ingram with their first-round pick in this year's draft. That was a sure sign that they considered nearly $12 million too high a price to pay for Bush, an occasionally spectacular player who has also missed a number of games over the years with injuries.
Bush, 26, caught 161 passes in his first two seasons in the NFL, but his production has been more sporadic since. He has never rushed for more than 581 yards in a season, and has a lifetime average of 4.0 yards per carry.
Bush won the 2005 Heisman Trophy for USC, but the NCAA later ruled that he accepted money and gifts while playing for the Trojans. USC lost scholarships and was banned from postseason play for two seasons. The school returned its copy of the running back's Heisman.