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Report: LeBron, Wade and Bosh discussing financial terms of new Heat deals with each other

Jun 29, 2014, 11:00 AM EDT

Boston Celtics v Miami Heat Getty Images

If you wanted even further indication that the Miami Heat Big Three of LeBron James, Dwyane Wade and Chris Bosh have no intention of playing anywhere else next season, this might be the strongest detail yet.

James has opted out of his Miami contract, Wade has done the same, and Bosh is expected to very soon.

None of them are doing so with the intention of even exploring the option of free agency, however. Instead, it’s becoming more and more clear that they are working together in order to provide the team with enough financial flexibility to upgrade the roster.

From Brian Windhorst and Ramona Shelburne of ESPN.com:

After agreeing to all opt out of their contracts together, Miami Heat stars LeBron JamesChris Bosh and Dwyane Wade have been discussing financial terms of new contracts amongst each other, sources told ESPN.com. …

The talks between the three players is the strongest indication yet that James plans to re-sign with the Heat after he becomes a free agent on Tuesday. Unlike in 2010 when all three took nearly identical contracts, the discussions this time have included the possibility that James would draw the highest salary among the three, sources said. …

Under league rules, players are not allowed to negotiate new contracts with their teams until July 1. However, there is nothing preventing the players from working it out among themselves, and cutting up the Heat’s upcoming record $55 million in available cap space is believed to have been a major part of the discussion when Wade, James and Bosh held a meeting last week in Miami.

All three players could have selfishly opted out of their respective deals with the hopes of securing new max contracts that would have financially handcuffed the Heat in terms of what they could do to bring in additional talent this summer.

What seems more likely now, though, is that they will come to an understanding of how to best structure those deals in a fair way that helps the franchise at the same time.

One last tidbit included in the report is that LeBron has never been the single highest paid player on any of his previous teams. That could very well change this time around, with a staggering of salary levels by Wade and Bosh that would properly compensate James, while keeping him in Miami for continued runs at the NBA title.

  1. ProBasketballPundit - Jun 29, 2014 at 3:03 PM

    I’m amused by all these angry comments regarding the big 3’s meeting. You guys know that they know what they’re worth right? They aren’t deciding anything for Mickey Arison or Pat Riley, they’re talking about how much money they can voluntarily sacrifice to help those guys out. That’s real teamwork. Teamwork like we’ve never seen before. Stop trying to make it something it’s not.

  2. djshnooks - Jun 29, 2014 at 3:19 PM

    What a joke, way to ruin basketball.

    Here’s to hoping the NBA folds soon!

    • sportsfan18 - Jun 29, 2014 at 3:36 PM

      Hope all you want… WAY too much money in it for it to go away ANY time soon bub…

      RUIN basketball?

      Hyperbole much?

      the GAME of basketball has NOT been ruined…

      Even AAU ball hasn’t ruined it… (at least not completely, yet)…

    • papichulo55 - Jun 29, 2014 at 5:16 PM

      If this was sarcasm, please gives us a heads up and tell everyone to use the special sarcasm font.

      However, if this is what you’re really thinking, please tell us why you think that Heat contract negotiations are ruining the NBA. Please make your comment as long as you want, as it should be very interesting reading.

    • ranfan12 - Jun 29, 2014 at 6:20 PM

      yet in the meantime, you’ll be here at PBT

  3. eugenesaxe1 - Jun 29, 2014 at 4:22 PM

    “Under league rules, players are not allowed to negotiate new contracts with their teams until July 1.”

    I’m sure each one already knows exactly what they’ll be getting.

  4. timcast12 - Jun 29, 2014 at 4:29 PM

    Newyorkball.. Great comment, GOT EM!

  5. bigwii - Jun 29, 2014 at 5:16 PM

    If I were LeBron I would take a long hard look at Cleveland. Kyrie, Wiggins, Waiters, Thompson, and Verejao plus their bench is better than you’ll get. It is a complete team.

  6. Mr. Wright 212 - Jun 29, 2014 at 5:50 PM

    Cowardly Collusion.

    • jimmymarlinsfan - Jun 29, 2014 at 8:42 PM

      I guess I’d be pissed off if I was from “the big apple” and couldn’t attract any big name free agents to take a bite either

  7. rrhoe - Jun 29, 2014 at 6:11 PM

    Let me make sure I got this straight: The “PLAYERS” are working out what the “TEAM” will pay them,and I am guessing they will be the voice of their FA targets as well and decide how much they’re worth vs how much their getting.

  8. thetooloftools - Jun 30, 2014 at 1:00 AM

    This is garbage. They are going to squeeze the Heat for more money.
    Mickey is going to pay, or they are going to break up the band and blame HIM.
    See Ya HEAT.
    Nice knowing ya.
    Why would they stay there?
    Team loyalty?
    That’s how GREASEHEAD got them there.

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