The Miami Heat and shooting guard Dwyane Wade have agreed to a one-year, $20 million deal, according to multiple sources.
Wade had opted out of his $16 million player option prior to free agency, hoping to cash in on the roughly $27 million he left on the table during previous negotiations to allow the Heat to sign other free agents.
Miami had reportedly offered him an extension that would pay him $10 million a year before he opted out, but Wade passed.
The Heat re-signed their other big free agent, point guard Goran Dragic, to a five-year, $90 million deal yesterday, and have now secured both backcourt starters. Dragic was expected to sign for the max, but he left roughly $15 million on the table, giving Miami the money necessary to sign Wade for what he was asking for.
The deal will make Wade a free agent next season, when player salaries and the salary cap will rise exponentially due to new TV money coming into the league, allowing him to re-sign with the Heat for even more money in 2016.
He averaged 21.5 points and 4.8 assists per game in 62 games last season.Back to the Miami Heat Newsfeed