On February 23, 2011, Atlanta traded Bibby to the Washington Wizards, along with Jordan Crawford, Maurice Evans and a first-round pick in the 2011 draft, in exchange for Kirk Hinrich and Hilton Armstrong.
On February 28, 2011, after playing two games for Washington, Bibby agreed to a contract buyout.
He gave up his following year's entire $6.2 million salary in hopes of joining a contending team, such as the Los Angeles Lakers, Boston Celtics, San Antonio Spurs or Miami Heat, all of whom expressed interest in Bibby.

On March 2, 2011, the Miami Heat signed Bibby after he cleared waivers.
He became the Heat's starting point guard and started all 20 playoff games he appeared in, en route to the first NBA Finals of his career.
Playing against the Dallas Mavericks, the Heat were defeated 4 games to 2.
Following the season, Miami elected to re-sign the younger Mario Chalmers and draft Norris Cole over re-signing Bibby.

After the NBA lockout, Bibby signed a one-year contract with the New York Knicks, bringing his career full circle to the team that drafted his father, Henry.
Backing up Jeremy Lin during the "Linsanity" phenomenon, Bibby saw limited playing time prior to Lin's season-ending injury.
He and Baron Davis split starting point guard duties through the rest of the season and in New York's first round playoff series against Miami.

At season's end his contract expired, and he was deemed unlikely to return to the team, after New York signed Raymond Felton and Jason Kidd.
On February 23, 2011, Atlanta traded Bibby to the Washington Wizards, along with Jordan Crawford, Maurice Evans and a first-round pick in the 2011 draft, in exchange for Kirk Hinrich and Hilton Armstrong. On February 28, 2011, after playing two games for Washington, Bibby agreed to a contract buyout. He gave up his following year's entire $6.2 million salary in hopes of joining a contending team, such as the Los Angeles Lakers, Boston Celtics, San Antonio Spurs or Miami Heat, all of whom expressed interest in Bibby.
On March 2, 2011, the Miami Heat signed Bibby after he cleared waivers. He became the Heat's starting point guard and started all 20 playoff games he appeared in, en route to the first NBA Finals of his career. Playing against the Dallas Mavericks, the Heat were defeated 4 games to 2. Following the season, Miami elected to re-sign the younger Mario Chalmers and draft Norris Cole over re-signing Bibby.
After the NBA lockout, Bibby signed a one-year contract with the New York Knicks, bringing his career full circle to the team that drafted his father, Henry. Backing up Jeremy Lin during the "Linsanity" phenomenon, Bibby saw limited playing time prior to Lin's season-ending injury. He and Baron Davis split starting point guard duties through the rest of the season and in New York's first round playoff series against Miami.
At season's end his contract expired, and he was deemed unlikely to return to the team, after New York signed Raymond Felton and Jason Kidd.
Mike Bibby