Back to the Miami Heat Newsfeed

Report: Heat re-sign Dwyane Wade to one-year, $20M contract

Now this is what we call a compromise. When Miami Heat guard Dwyane Wade opted out of the final year of his contract with the team earlier this week, there was an expectation within league circles that he might actually depart South Beach.

A little over one day into free agency, and that’s been thrown out the window completely.

According to Tim Reynolds of the Associated Press, Wade has agreed to a one-year, $20 million contract with the Heat.

FLASH: Dwyane Wade accepts deal to stay with Miami Heat, source tells The Associated Press.

— Tim Reynolds (@ByTimReynolds) July 2, 2015

Wade deal: $20 million, one-year deal, source tells AP.