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Report: Dwyane Wade’s new contract expected to start at $15 million

Jul 15, 2014, 11:31 AM EST

Dwyane Wade Dwyane Wade

LeBron James is gone, but Heat are still trying to win now.

Miami owes the Cavaliers a first-round pick that is top-10 protected next year, meaning the Heat can’t sit on the fence. They must either tank hard  or try to remain a team capable of winning a playoff series (or more).

Pat Riley has made the, I believe correct, calculation that the East is to weak for tanking.

Since losing LeBron, Miami has re-signed Chris Bosh, added Luol Deng and brought back Mario Chalmers and Chris Andersen.

Bosh believes in this plan, but the lynchpin – Dwyane Wade – remains unsigned.

Brian Windhorst of ESPN:

Depending on the length of the deal, if Wade starts at $15 million, here are the potential ranges for the value of the contract:

  • Two years:$28,875,000-$31,125,000
  • Three years:$41,625,000-$48,375,000
  • Four years:$53,250,000-$66,750,000
  • Five years:$63,750,000-$86,250,000

Even on the low end, that’s a lot of money for a 32-year-old who fell apart during the Finals.

But Wade had an excellent regular season and played well throughout most of the playoffs. I don’t think he’s done yet, and when healthy, he’s still one of the NBA’s top shooting guards.

It’s not an ideal path, but the Heat re-signing Wade and hoping he remains healthy is probably their best course at this time. They can’t just get a replacement off the street.

On the bright(?) side, they probably don’t need to worry about preserving him for such long playoff runs anymore.

  1. goraidersgospurs - Jul 15, 2014 at 11:39 AM

    I thought they would be smart with there money, with not having to sign LBJ

    • antistratfordian - Jul 15, 2014 at 12:28 PM

      At least it’s not the Kobe deal. He’s making as much as Chandler Parsons, who is not as good as Wade.

      • 4thquartermagic - Jul 15, 2014 at 12:43 PM

        Dunno about Parsons not being better value. Father time is undefeated and when age catches you, it catches you like a freight train. Wade is on the downslope and Parsons is only 25.

        From a basketball standpoint: I’d rather pay Parsons.

        From a marketing standpoint: I’d rather pay Wade.

      • antistratfordian - Jul 15, 2014 at 12:54 PM

        From a basketball and marketing standpoint I’d take Wade.

        People forget that he’s had it easy the last 4 years… he didn’t have to carry the load and he was able to take a lot of games off when he could’ve played.

        He took a step back for LeBron, and now people are writing him off because of two bad games – but he had a good year last year with a much improved jumper, so there is no reason he shouldn’t be able to keep being effective.

        Wade’s jumper percentage last year was 3 percentage points higher than Kobe Bryant’s career high jumper percentage. That’s fantastic news for an aging Wade.

      • 4thquartermagic - Jul 15, 2014 at 1:15 PM

        While I won’t discount Wade’s improved jumper and I agree he had it easy the last four years, it didn’t translate to a renown meniscus in his knee.

        Wade was able to rest both by taking games off and in game because he could rely on Lebron carrying the load. Part of the reason Lebron left was because he had to put a ton of miles on his body to carry the Heat to a top seed.

        What was his reward for that sacrifice? Wade no-showed in the Finals.

        Not because he didn’t have the heart or will to win. Wade’s a competitor. He didn’t have the body.

      • antistratfordian - Jul 15, 2014 at 1:17 PM

        meniscus shminiscus. kobe has played without one for years. no big. wade’s fine.

        wade was a no-show in the finals because of the spurs, not because of wade. all of miami’s guards struggled in the finals for the same reasons.

      • 4thquartermagic - Jul 15, 2014 at 1:22 PM

        Fair enough. We can agree on one thing. All of Miami’s guards struggled in the finals for the same reason.

        That reason being, they weren’t good enough.

        Being one year older won’t change that.

      • antistratfordian - Jul 15, 2014 at 1:28 PM

        If you’re good enough to get to the finals, you’re pretty darn good. Sometimes teams lose in the finals. It’s been known to happen. It doesn’t mean the world is ending.

      • 4thquartermagic - Jul 15, 2014 at 1:40 PM

        If the greatest basketball player of our generation determines you’re not good enough to win, your world is not ending, but your chances of getting back to the Finals are.

      • antistratfordian - Jul 15, 2014 at 1:49 PM

        what are you even talking about?

        there are going to be a ton of players next year who are really terrifically great who won’t be anywhere near the finals. that’s okay.

      • ProBasketballPundit - Jul 15, 2014 at 2:13 PM

        @antistratfordian You’ve lost your mind, man. You acknowledge that Wade has had it easy the last few years but then try to make a point that THAT’S why he’ll be better now? Wade got absolutely shut down in game 5 in Indiana when LeBron was in foul trouble; then he got absolutely shut down when LeBron had cramps in game 1 in San Antonio. He will probably get shut down a lot next year… and he’ll have to play more than 50 games for that team to have a chance. It’ll help to have Bosh but I think Wade is going to face a rude awakening in 2015.

      • antistratfordian - Jul 15, 2014 at 2:22 PM

        Well, yes – less wear and tear on his body than he would’ve had. I think that’s obvious.

        Wade was great vs the Pacers overall. Very good. Great, in fact, vs the #1 defense.

        I think Wade is going to shine next year. Not just because of the chip on his shoulder, but also because he’s the playmaker now – he can go back to being Wade and not having to be off-the-ball Wade which doesn’t suit him.

        There isn’t anything to indicate that Wade should struggle next year. He didn’t report knee problems in the playoffs. He had a great ECF in 2014 (24.3 PER) when he underwhelmed in the previous three in 2011 (14.5), 2012 (19.4) and 2013 (16.7).

        Wade’s improved jumper is going to sustain him. He can actually shoot now.

  2. norcalkingsfan - Jul 15, 2014 at 11:40 AM

    Overpaid. The guy is a shell of his former self. I understand teams being loyal to those who brought success, but $15 mil is ridiculous for what he has left in his tank.

    • mickdamill - Jul 15, 2014 at 11:47 AM

      It’s such a shame that he will be making more than Parker and Duncan.

      • jcmeyer10 - Jul 15, 2014 at 12:26 PM

        And Nowitzki.

      • antistratfordian - Jul 15, 2014 at 12:31 PM

        Duncan willingly cut his salary from over 20 million to 10 million so the Spurs could stay competitive. Wade also cut his salary, but he’s not going to go all the way down to 10 million. He has more pride than that.

    • convincedofthehex - Jul 15, 2014 at 11:48 AM

      But Lebron screwed Miami but not being upfront about his intentions. Wade would never have opted out if he knew for sure Lebron was leaving. He was scheduled to make $42 million over the next two years.

      • loungefly74 - Jul 15, 2014 at 12:42 PM

        if you would have left that first sentence out…you woud have 56 thumbs up and zero thumbs down. anyway, i agree with ya. Wade just give up 12 million dollars because i bet he thought James would re-sign.

      • sportsfan18 - Jul 15, 2014 at 1:28 PM

        the first sentence does NOT change anything about what he said though.

        with or without his first sentence, his point remains the SAME.

    • 1heatedtoombrayduh - Jul 15, 2014 at 11:52 AM

      you still have to sell tickets and merchandise…Wade IS Miami right now whether people want to accept that or not…hurt or healthy..hes still the face. its Wade county

    • kinggw - Jul 15, 2014 at 12:03 PM

      He’s not overpaid. Look at the shooting guards around the league who is better? Harden and Kobe, that’s pretty much it. How many guys can give 19/5/5 in a secondary role? DeRozan is getting better and Beal may be there in a few years, but there aren’t a lot better than Wade.

      He missed a lot of games the past two years, most of them because he could in the pursuit of a bigger prize. He’ll never be Flash again, but he is still one of the better 2 guards in the league and if he continues to improve his jumper like we saw in the playoffs he has much more to contribute. In a world where Eric Gordon makes over $10M per season and both Hayward and Parsons got deals that pay them in excess of $15M per despite being only slightly above average wings its laughable that you claim Wade would be overpaid at $15M

      • mickdamill - Jul 15, 2014 at 12:14 PM

        What makes you think that Wade is going to get better or not continue missing games at this point in his career? Guards in this league lose all their effectives when they can no longer get that first step like the used to. I’m not saying he can’t still be crafty and make some shots but those shots he is making is not worth $15 mil a year.

        Additionaly, there a several SG’s I’d rather have over Wade right now if I were building a team to compete. For the Record Harden, Curry, George and Ellis, would all be more viable options.

      • antistratfordian - Jul 15, 2014 at 12:33 PM

        Kobe’s not better than Wade. That’s crazy talk.

      • zacksdad - Jul 15, 2014 at 12:34 PM

        He missed more than a third of the regular season games, that is why with his knees he was able to put up those numbers. Duncan who also gets rest games only missed 8 compared to no knees Wade.

      • antistratfordian - Jul 15, 2014 at 12:36 PM

        @mickdamill – First ballot hall of fame guards don’t lose all their “effectives” when they can no longer that first step. They have all adapted, just like Wade has.

        Stephen Curry is a point guard. George is a small forward. Wade will still be better than Ellis when he’s 40.

      • antistratfordian - Jul 15, 2014 at 12:37 PM

        @zacksdad – he didn’t miss a third of the season a year before and put up largely the same numbers

      • rrhoe - Jul 15, 2014 at 12:42 PM

        I am with you kinggw,D-Wade is one of the best at his position and deserves whatever he gets,he should’ve never opted out in my opinion. We all know what he brings to the table when healthy……

      • redbaronx - Jul 15, 2014 at 12:54 PM

        @kinggw – Beal is better right now. No need to qualify that remark “in a few years”. If I were starting a team right now I’d take Beal over Wade for production THIS year.

      • sportsfan18 - Jul 15, 2014 at 1:30 PM

        dude missed MORE than one third of his teams games to rest his knees for the playoffs.

        hopefully he’ll be able to play more because he got paid a lot for not very many min’s last season.

        yeah, he DID play well when he played, but he’s gotta play more for that kind of money.

      • zacksdad - Jul 15, 2014 at 4:46 PM

        @antistratfordian

        Ok, lets cherry pick again.

        13-14 34% games missed
        12-13 16% games missed
        11-12 40% games missed

        And I know that most of the games missed last year was to help his knees. And once in the playoffs his rested regular season numbers went down from 19/5/5 to playoff season numbers of 18/4/4 for this year. And if I am not mistaken when you have knees with hardly any cartilage, it only gets worse.

      • dlitting - Jul 15, 2014 at 11:38 PM

        Aside from Harden/Kobe/Derozan I’d probably take Bledsoe over Wade at this point of Wade’s career, based on a 3 year contract. Ditto Beal and Ellis. Ellis is rarely injured and is in a good situation.

    • coldwater32301 - Jul 15, 2014 at 12:12 PM

      Who else are you going to bring in, you have to pay Wade, and treat him as such, that’s attractive to future Free Agents…It’s all in the plan… Indeed…

    • hehateme2 - Jul 15, 2014 at 12:15 PM

      It is Wade to thanks for ALL of the championships. He was involved in them all. However, he looked spent during the Finals.

    • rrhoe - Jul 15, 2014 at 12:49 PM

      norcalkingsfan: Chris Bosh is overpaid……

  3. pike573 - Jul 15, 2014 at 11:41 AM

    that’s too much.

  4. loubearkane - Jul 15, 2014 at 11:48 AM

    Five years:$86,250,000

    Don’t take anything less D WADE!@!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

  5. loubearkane - Jul 15, 2014 at 11:50 AM

    Mickey Arison has made his MONEY now let D Wade & Haslem taste something a little sweet

    • jcmeyer10 - Jul 15, 2014 at 12:27 PM

      Haslem deserves a taste more than Wade IMO.

      • loubearkane - Jul 15, 2014 at 12:35 PM

        Yeah that’s for sure.

    • azarkhan - Jul 15, 2014 at 1:11 PM

      Yeah, because with salary and endorsements, Dwayne Wade only made around $30 million dollars last year. Poor thing lives under a bridge.

  6. jzone954 - Jul 15, 2014 at 11:53 AM

    They are giving back the money he opted out of. Wade is a lifer and probably be in a suit for the heat after he retires. Good move.

  7. claymatthewshairplugs - Jul 15, 2014 at 11:54 AM

    15 million, psssh you should be giving him at least 20 mil a year for a guy coming back from injury.

    – Kobe Bryant

  8. karlton3 - Jul 15, 2014 at 11:54 AM

    Even Kobe Bryant thinks this is paying too much.

  9. chief0727 - Jul 15, 2014 at 11:57 AM

    With all the re-signings (Bosh, Chalmers, Birdman, presumably Wade, etc) they basically have the same team, minus LeBron that got dissected in the finals. Deng and Granger looked very worn out last year. I’m not sure their helping out a whole lot. McRoberts is a role player at best. Why waste a draft pick on Napier if your going to re-sign Chalmers ? Pat Riley is going to save a ton of money on hair gel because he’s going to be pulling out all his hair watching this team. Probably still a playoff team in the East. Welcome to the 7th seed Miami.

    • kinggw - Jul 15, 2014 at 12:12 PM

      Deng and Granger looked worn out? I’ll bet if they had gone to the Suns, it would be a great move.

      While they wont go back to the Finals, this team will be better than you think. Far better than a 7 seed.

    • antistratfordian - Jul 15, 2014 at 12:40 PM

      Well considering the circumstances the fact that they’re bringing back the same team is kind of a miracle. The job Riley is doing now is incredible – I don’t know what he’s saying to guys, but they’re all staying even though everyone was certain they would all bolt if LeBron left.

    • redbaronx - Jul 15, 2014 at 12:59 PM

      @chief0727 – I agree with you on Chalmers. That’s a silly move. Better off just keeping Cole while Napier gets his feet wet.

      Then there’s all the games Wade will inevitably sit out this year and I think you’re also right about Deng. 7th seed at best.

    • dlitting - Jul 15, 2014 at 11:41 PM

      i peg Miami to win 40-43 games next year. in a stronger eastern conference you’re pick of 7th matches up pretty well with that prediction

  10. SBoy - Jul 15, 2014 at 12:02 PM

    Based on the relationship between Wade and the Heat and the probable verbal agreement prior to Wade’s opt out, 2,3 or 4 years makes sense at the money cited here. 5 years would be too much… Likely will be a 3 or 4 year deal.

  11. loubearkane - Jul 15, 2014 at 12:05 PM

    *IF WADE CAN STAY HEALTHY

    The Heat will be no worse than a 5 seed and more likely a 3 seed.

    #1 Bulls
    #2 Indiana
    #3 Miami
    #4 Cleveland
    #5 Washington
    #6 Charlotte
    #7 Toronto
    #8 Atlanta

    Prokhorov going to be spending all that money for a team not making the Playoffs

    • antistratfordian - Jul 15, 2014 at 12:41 PM

      If Indiana gets rid of Hibbert like they’re trying to, they’re going to tumble.

      • loubearkane - Jul 15, 2014 at 12:43 PM

        Yeah minus Hibbert and Stephenson they would be in trouble

    • redbaronx - Jul 15, 2014 at 1:06 PM

      @loubearkane – A) I don’t see how you put Miami ahead of Cleveland as long as LeBron stays healthy. B) I don’t see how you’d put them over the Wizards, unless you weren’t watching the end of last year.

      #1 Bulls
      #2 Washington
      #3 Cleveland
      #4 Indiana
      #5 Toronto
      #6 Charlotte
      #7 Miami

      #1 through 3 is interchangeable depending on a # of factors like Rose’s health, and the development of the young guys in Washington and Cleveland.
      #8 Atlanta

      • loubearkane - Jul 15, 2014 at 1:24 PM

        Cleveland will take a bit to get everyone on the same page and for everyone to accept their roles(Waiters)

        Washington has all the talent needed but will need Porter to step up , Pierce will need to be rested for the Playoffs.

        Indiana can come back and be the same team as the Regular Season last year or completely implode

        Heat have all the pieces needed to win. I think Bosh will step up with Bron gone but they need a banger on the post.

      • redbaronx - Jul 15, 2014 at 11:40 PM

        @loubearkane – Lets agree to disagree. I think:

        A) Wade won’t be able to give the Heat enough.
        B) Bosh and spare parts won’t cut it in the East next year.

        I’m slotting the Heat at #7 in the East. They’ll be lucky if they get any higher.

        Also, you underestimate LeBron. LeBron took a horrible Cavs team and made them a #1 seed before. This Cavs team has more talent. Irving has been in the league enough so that he’s got some experience, and I like the other parts. I don’t think they’ll be a #1 seed, but I also don’t see them going lower than 4. And certainly not with the Heat going higher than them! I expect Washington to be a #2 or #3 seed next year in the East.

      • sportsfan18 - Jul 15, 2014 at 1:33 PM

        oh Knicks, where are you?

        I agree with your list in that the Knicks are not in the top 8 in the putrid east

      • redbaronx - Jul 15, 2014 at 11:34 PM

        @sportsfan18 – Yeah. One would think with Melo they have a shot at a playoff spot, but I looked at the options, and I just don’t see them making it. The Knicks roster is old and awful!

      • whoisferg - Jul 15, 2014 at 1:38 PM

        I think Indiana falls no matter who they have…they missed their window. Agree that Wizards are comers. They’ll probably be a 3 or 4 seed, but losing Ariza will hurt a little. Who knows what the Cleveland LeBrons will do…could be a 1 could be a 5 depending on the young’uns. Atlanta was top 3 in the East before Horford was hurt. They could be very good or out of the playoffs. I’m thinking the Heat will be a 5 or 6 seed…possible sneaking to 4 depending on how they finish the season. Don’t be surprised if the Heat and Cavs meet in the playoffs. NBA officials have a funny way of making things like that happen.

      • redbaronx - Jul 15, 2014 at 11:46 PM

        @whoisferg – NBA officials don’t make jack happen. Seedings are over the course of how a team plays over a season. I give the Heat a #7 seed, and if they go higher than six, you can hit me up for a mea culpa at the end of the season.

        Losing Ariza is not a good thing, but if Otto Porter develops along with everyone else, that will more than make up for that loss. If Beal plays at the level he did in the playoffs and Wall progresses, you might be seeing the Wizards as the #2 seed after Chicago.

    • sportsfan18 - Jul 15, 2014 at 1:34 PM

      smart list as the Knicks are nowhere to be found in the top 8 and I agree with you on that

  12. rrhoe - Jul 15, 2014 at 12:27 PM

    If Wade’s deal is for 3-4 years I am okay with that,Wade is one of the best at his position when healthy. If they have a better handle on how to get him the proper rest for his knees and can hopefully get him in more games then he should be fine.We all know what Wade brings to the table when healthy,the great unknown is Mr. Bosh and his “max” contract that they outbid themselves for. I take a healthy Wade over Bosh anyday……..

  13. heat256 - Jul 15, 2014 at 1:00 PM

    I really think his biggest problem during the Finals was that he just wasn’t in game shape, and didn’t have the time off he did during the previous series to keep him fresher. If he can drop 10 lbs or so and moves a bit better, I see no reason why he can’t still play at a high level. His minutes have been down the last few years, and he has produced when he has played. I don’t see the Wade of 2009 or 2010 coming through that door, but he is still good enough to make the Heat competitive.

    • redbaronx - Jul 15, 2014 at 1:11 PM

      @heat256 – If Wade’s only problem was “game shape” and “weight” I might agree with you. That’s not the issue though. Wade’s knees ARE the issue. His minutes are down because he can’t play high minutes, and you can’t rely on him to play the kind of games required to make an impact.

      On a team like San Antonio that makes it easy on their vets, Wade would fit right in. The Heat need Wade to be Wade. That’s not happening.

      If Wade plays 50 games this season, Heat fans should celebrate.

  14. azarkhan - Jul 15, 2014 at 1:07 PM

    If there is a test for Alzheimer’s, the Heat should sign up Pat Riley asap.

  15. beach305 - Jul 15, 2014 at 1:12 PM

    The Miami Heat organization is all about loyalty & stability. I don’t think any of the franchise who came into the league since 1980’s have won more titles.

  16. cantonbound13 - Jul 15, 2014 at 1:36 PM

    Overpaid & done

  17. zoomy123 - Jul 15, 2014 at 1:38 PM

    Give Wade 4/53 but front load the contract. At least as Wade gets older your financial flexibility will increase.

  18. genericcommenter - Jul 15, 2014 at 2:52 PM

    He turned down $42 million over 2. So I don’t see any way he’s not going to get at least a little more more than those dollars and not stretched out over too many years. For every year added, you’ve gotta add a little guaranteed money. So I think something like $45/3 or $48/4 was always the bare minimum.

  19. bobby2478 - Jul 15, 2014 at 3:53 PM

    why do the heat owe the cavs a first round pick??

  20. 4thquartermagic - Jul 15, 2014 at 1:35 PM

    It is a crazy salary increase.

    Whether or not you agree that he deserves 14 million (most don’t) we can all agree he was worth $964,750.

    Houston not exercising the team option and having Parsons for one more year is just plain dumb.

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