Jul 15, 2014, 4:43 PM EDT
UPDATE 4:43 pm: The Miami Heat have made it official, Wade has re-signed in Miami.
“Dwyane has been the franchise cornerstone for this team since the day he arrived 11 years ago,” said Heat President Pat Riley in a released statement. “He has shown his commitment to the Heat many times over the course of his career and has always been willing to sacrifice in order to help build this team into a champion. This time is no different. I am ecstatic to have him back in the fold and I am confident that Dwyane, as always, will be leading this team as we look to contend for NBA Championships.”
“I am proud to have spent every single day of my career as a member of the Miami Heat and to have brought three championship titles to this great city,” Wade said in his statement. “I’ve been here through the good times and the hard times. I have confidence in the Miami Heat organization and the team they are building. To all the Heat fans, in Miami and around the world, I know you will continue to show support for our team.”
Wade’s deal is two seasons starting at more than $16 million per year, with a player option on the second year.
2:23 pm: Dwyane Wade made the announcement himself on Instagram, in a way to contrast it from the guy who bolted town.
Home Is Where The Heart Is… My Home,My City,My House..#HeatLifer
We told you Wade was close to a deal with the Heat. Multiple reports confirm the deal is now done.
As implied by Dwyane Wade's tweet, his new deal with Heat has been finalized and he expects to sign as soon as today, sources told ESPN—
Brian Windhorst (@WindhorstESPN) July 15, 2014
Source tells Sun Sentinel that Dwyane Wade's contract to return is done.—
Ira Winderman (@IraHeatBeat) July 15, 2014
The deal appears to be for two years at $15 million a year, with a player player option after the first year.
Is Dwyane Wade and his knees worth that kind of money now? In the strict “would I pay a free agent from another team that?” sense no. Wade still produces when on the court, scoring 19 points a game with a very good .588 true shooting percentage and a PER of 22. But he only played in 54 games last season as part of a “knee maintenance program” and he still was slowed by the Finals, his explosiveness gone.
But it’s not about on the court, it’s about him being the face of Heat basketball for more than a decade. It’s about loyalty. It’s about rewarding/thanking him for that service. It’s about taking care of family. For the Heat and Pat Riley, they believe that if you take care of players like this other players (and their agents) see that and want to be part of that kind of organization. It’s part of what is behind Kobe Bryant’s contract with the Lakers (although the money he still draws in there impacts that decision as well).
Aug 22, 2014, 12:59 AM EDT
This had been expected.
Aug 21, 2014, 8:59 PM EDT
Knicks finally considering the importance of developing young talent for the future.
Aug 21, 2014, 7:31 PM EDT
Wiggins too, while guys like Alexey Shved will be sent to the Sixers.
Aug 21, 2014, 6:12 PM EDT
Gone are the days when Shaq would have used this as an opportunity to take a shot at Kobe.
Aug 21, 2014, 5:02 PM EDT
Why give up assets now, when either player could be signed outright as an unrestricted free agent next summer?
Aug 21, 2014, 3:59 PM EDT
Stephen Curry: “We’re still taking applications.”
Aug 21, 2014, 3:04 PM EDT
He denied this yesterday.
Aug 21, 2014, 1:59 PM EDT
Video of Durant telling this humorous story.
Aug 21, 2014, 1:08 PM EDT
Silver says it’s ultimately the individual athlete’s personal choice.
Aug 21, 2014, 12:10 PM EDT
Being Jeremy Lin’s parent must be an interesting experience. What do you say to him to correct him.
Aug 21, 2014, 11:30 AM EDT
It’s a great move, one Irving pulls off almost ever game.
Aug 21, 2014, 10:45 AM EDT
Patience is the right play here. And patience is never popular with any fan base.
Aug 21, 2014, 10:15 AM EDT
Coming back off foot surgery, this is a good thing.
Aug 21, 2014, 9:45 AM EDT
Blatt can coach, but if it takes a season for the Cavaliers to find their identity (as it did with LeBron in Miami) will he get the chance to stick around for it?
Aug 21, 2014, 9:16 AM EDT
If you’re now rebuilding in Minnesota, why trade Bennett?
Aug 21, 2014, 8:44 AM EDT
Drummond is still a likely cut,
Aug 21, 2014, 8:00 AM EDT
It’s all business for KD with Roc Nation getting in the act.
Aug 21, 2014, 1:33 AM EDT
He also was a scoring machine at the showcase in Las Vegas.
Aug 20, 2014, 11:15 PM EDT
16 players will practice and be available for Friday’s game against Puerto Rico, but the roster needs to be trimmed to 12 in advance of the FIBA World Cup.
- Adam Silver: NBA stars playing in international competition face ‘a big risk’ 12
- Derrick Rose says he’ll play Friday vs. Puerto Rico 11
- Report: Don’t be so sure on Anthony Bennett to Philadelphia rumors 54
- Report: Nike gets chance to match 10-year, $265 million offer to Kevin Durant from Under Armour 17
- Should NBA coaches get NFL style challenge flags? 18
- Report: Suns discussing trade possibilities for Eric Bledsoe 34
- Report: Sixers may look to trade for Amar’e Stoudemire at this season’s deadline 32
- Kevin Durant reiterates that rest was his reason for withdrawing from Team USA 11