Dwyane Wade Rumors | Hoops Rumors

Heat Re-Sign Dwyane Wade

July 10th, 2015 at 4:57pm CST by Eddie Scarito

JULY 9TH, 4:57pm: The deal is official, the Heat announced in a press release. “For over a decade, Dwyane has embodied what it means to wear the Miami Heat uniform,” said Riley. “He has been the pillar and constant of this organization, and is a true champion in every sense of the word. We are thrilled that Dwyane has re-signed and will lead us as we look to win another NBA Championship.”

JULY 2ND, 5:03pm: The Heat and Dwyane Wade have reached an agreement on a new contract, Tim Reynolds of The Associated Press reports (Twitter link). It will be a one-year, $20MM arrangement, Ira Winderman of The Sun Sentinel relays (on Twitter). The deal is less than the max, which for Wade would be roughly equivalent to 35% of the salary cap, likely at least $22MM, but it will be the highest annual salary of his career.

Courtesy of USA Today Sports Images

Wade released a statement regarding his return to Miami (h/t Barry Jackson of The Miami Herald). “It has been an honor and privilege to play with the Miami HEAT the past twelve years,” Wade said in the statement. “The Heat family and I have shared incredible moments over the years and I look forward to continuing our journey. I am extremely proud of my personal contributions in helping to build the Heat franchise and for bringing three NBA championship wins to our great city. For my entire NBA career, Miami has always been my city and my home. I’m overwhelmed with the love and support the Miami community have consistently shown me and my family throughout the years.”

Henry Thomas, Wade’s agent, had this to say about the deal: “This contract is a win-win for both Dwyane and the Heat. Not only does Dwyane get to extend his Hall of Fame-worthy career with the only franchise for whom he has ever played, but he will have the flexibility next summer to sign an additional deal. And the Heat gets to keep their franchise cornerstone while having the ability to build a championship-contending roster.”

The 33-year-old had opted out of his contract for 2015/16, which would have paid Wade $16.125MM. The Heat had reportedly preferred that Wade opt in and sign for $10MM salaries next summer. A friend of Wade’s had noted that the guard didn’t feel that the team regarded him as a priority. Team president Pat Riley spoke highly of Wade, saying in part that, “We love Dwyane. Dwyane is a pillar.” Now it would appear that the franchise icon will have the opportunity to finish his career in Miami.

Miami will use its Bird Rights on Wade to complete the deal, which is poised to send the Heat, who have also agreed to sign Goran Dragic for five years and $90MM, deep into luxury tax territory. The Heat entered July with about $53MM in guaranteed salary already on the books, with the tax line projected to come in at about $82MM. Heat president Pat Riley is scheduled to meet with LaMarcus Aldridge tonight, but without cap flexibility and likely without the capability of engineering a sign-and-trade, Wade’s deal only furthers the notion that Aldridge is a long shot to come to Miami.

Wade has been limited by injuries the past few seasons, and appeared in 62 games for Miami last season, averaging 21.5 points, 3.5 rebounds, and 4.8 assists in 31.8 minutes per contest. His career numbers through 781 regular season games are 24.1 PPG, 4.9 RPG, and 5.9 APG, with a slash line of .490/.289/.765.

Eastern Notes: Johnson, Watson, Dellavedova

July 2nd, 2015 at 10:08pm CST by Eddie Scarito

The Nets have been actively shopping veteran forward Joe Johnson over the past few days, Mike Mazzeo of ESPN.com relays (on Twitter). Brooklyn hasn’t had much luck in finding a taker, as teams are leery of taking on Johnson’s $24,894,863 salary for the 2015/16 campaign, which is the final year of his deal, as well as gutting their rosters to acquire the 34-year-old, Mazzeo adds.

Here’s more from around the Eastern Conference:

The Wizards refused to compromise their salary cap space for the summer of 2016, when Kevin Durant is eligible to become an unrestricted free agent, in order to re-sign veteran Paul Pierce, J. Michael of CSNWashington.com writes. This was the same stance the franchise took regarding Trevor Ariza, who ended up signing with the Rockets last summer, Michael notes. Pierce agreed to a three-year, approximately $10MM deal with the Clippers this week.
The Cavaliers and free agent point guard Matthew Dellavedova are making progress in their discussions to bring the Australian back to Cleveland next season, Shams Charania of RealGM tweets. Dellavedova is seeking a multiyear deal in the $3MM-$5MM range annually, Charania adds.
The Wizards have expressed interest in free agent guard C.J. Watson, Jorge Castillo of The Washington Post notes (Twitter link). Watson is intent on signing for the mid-level exception, which is not necessarily what Washington is currently offering, Michael tweets.
Greg Monroe chose to sign with the Bucks because they were the most playoff ready team of all his suitors, Howard Beck of Bleacher Report tweets.
The Wizards could be a potential landing spot for free agent forward Chris Copeland, tweets Jared Zwerling of Bleacher Report. Washington is also reportedly in discussions with the Bucks regarding a trade for Jared Dudley.
Prior to reaching an agreement on his five-year, $90MM deal with the Heat, Goran Dragic asked team president Pat Riley how he could be flexible to aid the franchise in retaining Dwyane Wade, Ramona Shelburne of ESPN.com writes (on Twitter). Wade and Miami agreed to a one-year, $20MM arrangement earlier today.

Heat, Dwyane Wade Make Progress Toward Deal

July 1st, 2015 at 12:24pm CST by Chuck Myron

The Heat and Dwyane Wade are progressing in talks toward what will likely be a multiyear deal, reports Adrian Wojnarowski of Yahoo! Sports (Twitter link). Wade is seeking the max, as Wojnarowski wrote earlier. The Lakers, with whom Wade has reportedly held mutual interest, have been planning to have him in for a meeting, though none has been scheduled, according to USA Today’s Sam Amick (on Twitter).

The max for Wade would be roughly equivalent to 35% of the salary cap, likely at least $22MM. Still, it’s been tough to peg just what Wade has wanted. Wade was to have welcomed $20MM salaries on a three-year deal, as Barry Jackson of the Miami Herald wrote weeks ago, while more recently Chris Mannix of SI.com wrote that Wade was seeking at least $16MM. In any case, Miami seems determined to figure out a solution with Wade before he talks with other teams, Mannix tweets. The Clippers also apparently have mutual interest, but the Heat have been optimistic the last few days, according to Jackson (on Twitter).

Eastern Rumors: Knicks, Millsap, Wade

June 30th, 2015 at 10:07pm CST by Zachary Links

Madison Square Garden named long-time talent agency executive David “Doc” O’Connor as its next chief executive, as The Associated Press writes. O’Connor comes from CAA, the same agency that represents Knicks star Carmelo Anthony, Kevin Durant, Chris Paul, and Paul George. O’Connor will officially join the Knicks on July 15th. Here’s more out of the East..

Paul Millsap‘s possible price range of $17-$19MM would be too high for the Knicks, Michael Scotto of Basketball Insiders tweets. The Knicks are said to be eyeing the Hawks free agent.
Heat people are optimistic a deal will get done with Dwyane Wade, even though Wade is expected to at least consider other options, Barry Jackson of the Miami Herald writes. Meanwhile, two Wade associates cite the Lakers as his top choice other than the Heat.
The Celtics are expected to show interest in free agent forward Amir Johnson and they could also pursue a reunion with former Celtic Gerald Green, Chris Mannix of SI tweets.
Pending free agent Rodney Stuckey will have at least two “serious” suitors besides the Pacers when he hits free agency tonight, A. Sherrod Blakely of CSNNE.com tweets. The guard is very much interested in staying with the Pacers, but Scott Agness of VigilantSports.com (on Twitter) hears that his asking price might be around $6MM. He hears that roughly six teams have expressed interest.
There’s mutual interest between the Pacers and Lavoy Allen, but the two sides won’t have deep discussions until the Pacers see what kind of money they have available, Agness tweets.
Free agent guard John Jenkins has signed with Relativity Sports, according to Alex Kennedy of Basketball Insiders (on Twitter). The Hawks guard, who appeared in just 37 games the past two seasons after playing in 61 contests as a rookie in 2012/13, left BDA Sports Management earlier this month.

Free Agent Rumors: Wade, Pierce, Aldridge

June 30th, 2015 at 1:55pm CST by Chuck Myron

The latest free agent rumors..

Dwyane Wade is seeking at least $16MM a year on a three or four-year deal, writes Chris Mannix of SI.com. Barry Jackson of the Miami Herald reported earlier that Wade was seeking a three-year deal and would welcome $20MM a year.
League execs tell Chris Broussard of ESPN.com (on Twitter) that there is not a robust market for Wade because of his age (33) and history of injury problems.
The Wizards are growing more confident in their ability to re-sign Paul Pierce, reports Marc Stein of ESPN.com (on Twitter). The Clippers have appeared to be his primary suitor, with the Celtics also reportedly in the mix.
In addition to their pursuit of LaMarcus Aldridge, the Spurs could have some interest in former Blazers forward Thomas Robinson, according to Jabari Young of CSNNW.com (on Twitter). Of course, Aldridge and Robinson have a history together. Robinson, a former No. 5 overall pick, has bounced around the league quite a bit since he was drafted in 2012.
Trail Blazers center Robin Lopez is on the Knicks‘ radar, according to Al Iannazone of Newsday. Lopez has value to the Knicks as a big man with energy and solid defensive skills.
The Thunder are among the teams expected to pursue Caron Butler when he becomes an unrestricted free agent on July 1st, Gery Woelfel of the Racine Journal Times writes. It was previously reported that the Bulls, Clippers, Spurs, Lakers, and Knicks are expected to be in the mix for the veteran, who says he expects to get waived by Milwaukee.
Oleksiy Pecherov is eyeing an NBA comeback and is working out with the Nuggets today, according to Emiliano Carchia of Sportando. Pecherov has played 111 games in the NBA with the Wizards and Wolves averaging 3.9 PPG and 2.4 RPG.

Dwyane Wade Opts Out

June 29th, 2015 at 3:58pm CST by Chuck Myron

3:58pm: A Heat spokesperson confirmed to Ira Winderman of the Sun Sentinel that Wade is indeed opting out (Twitter link).

2:35pm: Dwyane Wade will turn down his $16.125MM player option to instead hit free agency, reports Ramona Shelburne of ESPN.com (Twitter link). The news isn’t altogether surprising, as Wade had been hinting as much since Barry Jackson of the Miami Herald reported last month that he was open to leaving the only NBA team he’s ever played for. Marc Stein of ESPN.com earlier today suggested that the Heat expected Wade to opt out, though they were expected Luol Deng to opt out before he surprisingly opted in. Goran Dragic is “basically a lock” to return to Miami, Stein reported, though Jackson wrote last month that the chances of Dragic leaving increase if Wade signs with another team.

The Heat have preferred that Wade opt in and sign for $10MM salaries next summer, though Wade, Henry Thomas client, would welcome $20MM a year for three years, as Jackson reported. Wade and the Lakers apparently have mutual interest and the same is reportedly true of the Clippers. LeBron James seems interested in recruiting him to the Cavs, but Wade and Heat have nonetheless appeared eager to find a solution that keeps them together. Still, a friend of Wade’s told Jackson recently that the 33-year-old shooting guard has become angry with Miami and doesn’t feel the team regards him as a priority. Team president Pat Riley spoke highly of Wade a few days ago, saying in part that, “We love Dwyane. Dwyane is a pillar.”

At issue is Miami’s salary crunch, as the team has about $53MM in guaranteed salaries already on the books with Deng having opted in. A deal approaching the max, which is likely to come in around $19MM, for Dragic, plus a $20MM salary for Wade would send the team far above the projected $81.6MM tax line. Riley denied a recent report that the team is looking to trade Chris Andersen and Mario Chalmers in a deal that could clear about $10MM in salary.

Luol Deng Opts In With Heat

June 29th, 2015 at 1:30pm CST by Chuck Myron

1:30pm: The move is official, the Heat announced (on Twitter).

1:03pm: Deng has apparently changed course, as agent Herb Rudoy tells TNT’s David Aldridge that he’s opting in, not out (Twitter link).

11:08am: The Heat expect Luol Deng to turn down his player option worth nearly $10.152MM and hit free agency, reports Marc Stein of ESPN.com (Twitter links). The deadline for him to do so is today. Stein also hints that the Heat also expect Dwyane Wade to turn down his player option worth $16.125MM, as Wade has hinted he’ll do. Goran Dragic, who already turned down his $7.5MM player option, is “basically a lock” to stay with the Heat, Stein writes, but the same isn’t true of either Deng or Wade.

Heat president Pat Riley made it clear last week that he wants Deng back, even in the wake of Miami’s choice of fellow small forward Justise Winslow with the No. 10 pick. Deng, 30, expressed his love for the Heat organization back in April, citing its medical staff. Still, that was before Barry Jackson of the Miami Herald reported that Wade is open to leaving the Heat, throwing Miami’s offseason plans a curveball.

People around the league this spring expressed doubt to Steve Kyler of Basketball Insiders that Deng could find a salary better than what his option would give him for this coming season. Still, the Interperformances client will probably be able to find a deal that would lock in a greater total of money, albeit over a longer period of time, though that’s just my speculation.

Miami only has about $43MM in guaranteed salaries for next season, but new deals for Dragic, Wade and Deng threaten to push the team beyond the projected $81.6MM tax line. The Heat would pay repeat-offender tax penalties if they’re above the tax line at the end of the 2015/16 regular season.

Latest On Dwyane Wade, Heat

June 26th, 2015 at 10:51am CST by Chuck Myron

Heat president of basketball operations Pat Riley made it plain in his postdraft press conference that he’d prefer that Dwyane Wade stayed with the team, as Jason Lieser of the Palm Beach Post recounts. Still, he hinted that Wade will indeed opt out, making a pair of references to July 1st as a starting point for talks.

“The one thing that I’ve learned about free agency is that when a player has an opportunity to be a free agent, you give him the space and the time to think about that,” Riley said. “We love Dwyane. Dwyane is a pillar. He has been part of the root structure and the foundation of this franchise for the last 12 years. … We know that on July 1, we’ll be the first ones that he’ll talk to and we’ll go from there.”

The Heat exec also said that he and Wade haven’t had any “real discussions,” adding that such talks couldn’t take place until July 1st, Lieser notes via Twitter. Riley expressed that he would be comfortable if the 33-year-old turned down his $16.125MM option for next season, if he indeed does so, adding that he’s “not a pessimist” about the prospect of re-signing him, according to Lieser. A lack of pessimism doesn’t necessarily mean optimism, observes Joseph Goodman of the Miami Herald. Wade reportedly feels as though the Heat have damaged the trust in their relationship, but Riley said Wade hasn’t told him he feels disrespected, Lieser conveys.

Wade is reportedly open to leaving the Heat and would welcome $20MM salaries on a new three-year deal, while the Heat would prefer that he opt in this summer and sign for $10MM salaries beginning in 2016/17, as Barry Jackson of the Miami Herald reported. The Lakers, who have the cap room necessary to pay Wade what he’s looking for, reportedly have mutual interest, though it’s unclear if the Lakers are willing to go quite as high with an offer as Wade would like. The Heat would pay repeat-offender tax penalties if they finish the coming season above the projected $81.6MM tax threshold, a likelihood if they re-sign all of their own free agents and don’t make salary-clearing moves.

Heat Shop Mario Chalmers, Chris Andersen?

June 25th, 2015 at 11:20pm CST by Chuck Myron

THURSDAY, 11:20pm: Heat president Pat Riley says that there is no truth to the reports that the team is shopping Andersen and Chalmers, Jason Lieser of The Palm Beach Post tweets.

8:34pm: Wade and the Heat do not have a meeting scheduled, a source told Ira Winderman of the South Florida Sun Sentinel, contradicting the previous report. Any meeting with Wade would like come after the start of free agency on July 1 when the Heat could discuss contract parameters with him, the same source informed Winderman.

2:58pm: Wade is angry at the Heat as they draw a hard financial line, and he doesn’t feel like the team regards him as a priority, a friend of his tells Jackson. Associates say the Heat have damaged Wade’s trust in the organization, Jackson also hears.

MONDAY, 12:49pm: The Heat are shopping Mario Chalmers and Chris Andersen in an attempt to clear salary that they could use on a new contract for Dwyane Wade, report Ramona Shelburne and Brian Windhorst of ESPN.com. They’ll meet with Wade within the next week as the June 29th deadline for him to formally decide on his $16.125MM player option looms, Shelburne and Windhorst write. Wade, in addition to apparent mutual interest in the Lakers, is interested in the Clippers, too, and LeBron James has expressed interest in Wade joining the Cavs, but both are extreme long shots to land the shooting guard given their cap constraints, as the ESPN scribes explain.

Anderson is set to make $5MM next season and Chalmers $4.3MM as each enters the final year of his respective contract. Clearing their salaries would help the team afford to keep its starting lineup intact without going over the projected $81.6MM tax line, note Shelburne and Windhorst. Doing so would set up the Heat to pay the stiffer repeat-offender tax penalties at the end of next season if they remain over the tax line come the final day of the regular season. Miami isn’t a taxpayer this season, but repeater penalties come into play when a team pays the tax three out of four seasons.

The Heat and Wade had been discussing a new contract for $10MM for as many as three seasons beyond his current deal, sources told the ESPN scribes. A friend of Wade’s told Barry Jackson of the Miami Herald recently that the Heat would like Wade to opt in and sign a deal next summer for $10MM each year for two more seasons. Wade instead prefers to opt out and would welcome $20MM salaries on a new three-year deal, as Jackson also reported.

Wade’s preference remains to stay in Miami, according to Shelburne and Windhorst. That was the case last month when Jackson broke the story that Wade is nonetheless open to leaving the only NBA franchise he’s ever played for. Many league execs believe Wade and the Heat will ultimately resolve their differences, Shelburne and Windhorst write. The Lakers have the cap space to give Wade $20MM a year, but the Heat have Bird rights that would allow them to do so, too. Miami is reportedly planning an offer of less than the max to Goran Dragic, one that would further help the team avoid the tax, or at least pay less of it. Clippers coach/executive Doc Rivers and Cavs GM David Griffin have expressed they’re prioritizing new deals with their own marquee free agents, and thus wouldn’t have the cap space necessary to sign Wade for the sort of salary he’d apparently like.

Latest On Heat’s Offer To Goran Dragic

June 24th, 2015 at 8:48am CST by Chuck Myron

WEDNESDAY, 8:48am: Miami’s five-year offer to Dragic is expected to be for between $90MM and $100MM, Jackson reports. That would still likely be less than the max. The max won’t be known until the end of the July Moratorium, but based on an estimated starting salary of $18.96MM, the most Miami could give him over five years would be $109.02MM.

SATURDAY, 11:57pm: The Heat plan to make a five-year offer of more than $80MM to retain Goran Dragic, reports Marc Stein of ESPN.com, though an amount in the vicinity of $80MM would be less than the max. The expectation in the immediate wake of Miami’s trade deadline acquisition of the former All-NBA Third Team guard was that the team would offer him the max to stay, as Ramona Shelburne of ESPN.com wrote at the time, but Stein points to concerns over Dwyane Wade‘s potential free agency as one reason they’d offer somewhat less. The chances of Dragic leaving the Heat increase if Wade does, as Barry Jackson of the Miami Herald reported last month.

Dragic has a $7.5MM player option for next season that he’s said he’ll turn down to instead hit free agency. Miami is the only team capable of offering Dragic a five-year deal, since it has his Bird rights. Dragic can make as much as $85MM on a four-year offer from another team while a max offer from the Heat would top $100MM, Stein estimates. The precise figures won’t be known until the league sets its maximum salaries after the July Moratorium. It nonetheless appears as though the Heat are banking on Dragic’s affection for the Heat and the city of Miami as they seek to take advantage of the ability to spread a similar amount of money over an extra year.

Wade reportedly would welcome $20MM salaries if he is to turn down his $16.125MM player option, and he’s apparently open to leaving the Heat if necessary. The Heat would prefer that Wade opt in, according to Jackson, but a less lucrative offer to Dragic would offset all or part of the extra money the Heat would spend should Wade opt out and re-sign on a deal that pays $20MM next season. That savings would be particularly important with the Heat poised not only to pay the tax next season if they retain their existing players at market value, but also incur repeat-offender tax penalties for having been a tax team three out of four years.

The Lakers, whom Dragic reportedly saw as a “perfect fit” earlier this season, loom as likely suitors, as do the Knicks, Pelicans, Kings and Bucks, as Jackson reported. The Lakers, Knicks and Bucks all have the flexibility necessary under a projected $67.1MM cap to offer a four-year max contract to the client of Bill Duffy and Rade Filipovich.