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.
Follow our Miami Heat team page for all the latest Heat news and rumors!
Back to the Miami Heat Newsfeed