Miami Heat star Dwyane Wade has elected to decline the $16.1 million player option he holds for the 2015-16 season and enter the market this July as an unrestricted free agent, according to ESPN.com's Ramona Shelburne.
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Wade, 33, will be able to negotiate with any suitor he chooses when free agency kicks off at 12 a.m. ET on Wednesday, July 1. He has spent his entire 12-year career in Miami, winning three NBA titles, making eight All-NBA teams and earning 11 All-Star nods since the Heat selected him with the fifth overall pick in the 2003 NBA draft.