As for where the Heat can go from here, they do have Wayne Ellington, Tyler Johnson, and, when healthy, Rodney McGruder at shooting guard, so it's not like they didn't have some kind of backup plan in the event Waiters opted for surgery.
Although no timetable is given for his return, Waiters was told if he had surgery after the initial injury in March, he would have missed eight to 10 months.
Waiters' ankle has been problematic since last spring, when it forced him to miss the final 13 games of the 2017 season.
Excessive Climate Hinders Oil Tanker Hearth Rescue Efforts in East China Sea
Global search efforts have involved numerous Chinese vessels, a South Korean coast guard vessel and a fixed-wing aircraft. There is also a chance the tanker will explode and sink.
The surgery has yet to be scheduled, but the Heat expect the six-year veteran out of Syracuse to make a full recovery.
It's unclear what changed leading to the surgery announcement, but it's a major loss for Miami, which now sits fourth in the Eastern Conference with a 24-17 record.
Waiters' year ends with 14.3 points, 2.6 rebounds, 3.8 assists, and 23.7 FanDuel points per game.
More from the Sun Sentinel: "The Heat are now positioned to apply to the National Basketball Association for the $5.5 million disabled-player exception, half of Waiters' 2017-18 salary, but would have to open a roster spot, already at the roster maximum of 15 players, not counting the two additional players on two-way contracts with the developmental-league".