Skip to content

UPDATE: Dwyane Wade’s has signed two-year contract with Heat

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.

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).

Latest Posts
  1. Report: Thanasis Antetokounmpo chooses Knicks D-League team over playing in Europe next season

    Aug 21, 2014, 8:59 PM EDT

    thanasis nba draft

    Knicks finally considering the importance of developing young talent for the future.

  2. Report: Timberwolves to end up with Thad Young, Anthony Bennett as part of Kevin Love trade

    Aug 21, 2014, 7:31 PM EDT

    Kevin Love Kevin Love

    Wiggins too, while guys like Alexey Shved will be sent to the Sixers.

  3. Shaq answers the question: Kobe or LeBron?

    Aug 21, 2014, 6:12 PM EDT

    Shaquille O'Neal AP

    Gone are the days when Shaq would have used this as an opportunity to take a shot at Kobe.

  4. NBA GM says ‘there’s no reason’ to trade for restricted free agents Greg Monroe or Eric Bledsoe

    Aug 21, 2014, 5:02 PM EDT

    John Loyer, Greg Monroe John Loyer, Greg Monroe

    Why give up assets now, when either player could be signed outright as an unrestricted free agent next summer?

  5. DeMarcus Cousins wants to be the third ‘Splash Brother’ (VIDEO)

    Aug 21, 2014, 3:59 PM EDT

    Los Angeles Clippers v Sacramento Kings Getty Images

    Stephen Curry: “We’re still taking applications.”

  6. Jeremy Lin smashes a cake in his mother’s face (Instagram)

    Aug 21, 2014, 12:10 PM EDT

    Jeremy Lin Jeremy Lin

    Being Jeremy Lin’s parent must be an interesting experience. What do you say to him to correct him.

  7. Kyrie Irving with crossover, step-back jumper for Team USA (VIDEO)

    Aug 21, 2014, 11:30 AM EDT

    Team USA Showcase Getty Images

    It’s a great move, one Irving pulls off almost ever game.

  8. Derrick Rose says he’ll play Friday vs. Puerto Rico

    Aug 21, 2014, 10:45 AM EDT

    Derrick Rose, Tom Thibodeau Derrick Rose, Tom Thibodeau

    Patience is the right play here. And patience is never popular with any fan base.

  9. Kentucky’s Calipari calls David Blatt right guy to coach Cavaliers

    Aug 21, 2014, 9:45 AM EDT

    David Blatt David Blatt

    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?

  10. Report: Don’t be so sure on Anthony Bennett to Philadelphia rumors

    Aug 21, 2014, 9:16 AM EDT

    Anthony Bennett Anthony Bennett

    If you’re now rebuilding in Minnesota, why trade Bennett?

  11. DeMar DeRozan leads Team USA in scoring, could well stick with team (VIDEO)

    Aug 21, 2014, 1:33 AM EDT

    Dominican Republic v United States Getty Images

    He also was a scoring machine at the showcase in Las Vegas.

  12. Coach K: No Team USA cuts before Friday’s game

    Aug 20, 2014, 11:15 PM EDT

    Team USA Practice Session Getty Images

    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.

  13. Wednesday And-1 links: Youths who entered Ray Allen’s home charged with trespassing

    Aug 20, 2014, 9:45 PM EDT

    2014 NBA Finals - Practice Day And Media Availability Getty Images

    Including a link to the trailers of the STARZ show LeBron James is producing loosely based on his life

Featured video

Will LeBron get booed Christmas Day in Miami?
Top 10 NBA Player Searches
  1. D. Rose (3502)
  2. L. James (2177)
  3. S. Marion (2135)
  4. K. Bryant (2093)
  5. D. Cousins (2073)
  1. R. Allen (1934)
  2. A. Davis (1896)
  3. C. Anthony (1804)
  4. P. George (1801)
  5. K. Irving (1757)