Dwyane Wade will become a free agent Wednesday, and his 12-year stay with the Miami Heat could be ending.
The three-time champion and 11-time All-Star announced his decision Monday through a spokesperson. Wade could have exercised an option to earn $16.1 million with the Heat next season. Instead, he decided to test his worth on the open market.
It wasn’t an unexpected move, but does carry risks for both Wade and the Heat.
On one hand, Wade — who left a total of around $27 million on the bargaining table in his past two contract negotiations with the Heat — might not find anyone willing to pay as much in the short term as Miami would have this season.