Published: Jul 22, 2010 10:45 PM EDT
Updated: Jul 23, 2010 4:30 AM EDT

MIAMI (AP) — Carlos Arroyo has finalized his deal to return to the Miami Heat.

Arroyo appeared in 72 games and made 35 starts at point guard for Miami last season, then decided to return to the club after a brief stint as a free agent. He averaged 6.1 points and 3.1 assists, plus had a stellar 4.17 assist-to-turnover ratio.

The team announced his signing on Thursday, giving Arroyo the chance to vie for a championship alongside Dwyane Wade, LeBron James and Chris Bosh.

"By re-signing Carlos, we feel we have accomplished another big step in adding to this team," Heat president Pat Riley said. "Carlos showed last season that he was one of the most competitive and efficient point guards in the NBA, and we are happy to have him back."

Arroyo, who turns 31 later this month, played college basketball in Miami at Florida International.

He becomes the 13th player under contract with Miami for the 2010-11 season and just the second true point guard, joining fellow returnee Mario Chalmers.