The Miami Heat are offering Dwyane Wade $40 million over two years, according to multiple reports. The offer was first reported by ESPN’s Dan Le Batard, and also included a player option after the first year.
According to the South Florida Sun-Sentinel, Wade is mulling the offer, which the Heat are leaving on the table.
According to the party familiar with the negotiations, the Heat offer, which is for a flat $20 million for each of the two seasons, would allow Wade to opt out after the first of the two seasons and re-enter free agency again next summer, when the NBA salary cap is again expected to make another quantum leap.