Jun 15, 2014; San Antonio, TX, USA; Miami Heat forward LeBron James (6) and guard Dwyane Wade (3) speak during a press conference after game five of the 2014 NBA Finals at AT&T Center. Mandatory Credit: Bob Donnan-USA TODAY Sports

Report: Dwyane Wade likely to opt out of contract, take discount


The Miami Heat are going to need to improve their roster if they want to compete for a championship (or at least beat the West) and if this news is true they’re headed in the right direction: The NY Daily News says Dwyane Wade is expected to exercise his early-termination option, becoming an unrestricted free agent in the process.

From the New York Daily News:

Dwyane Wade is likely to opt out of his final two seasons, at $41.5 million, and probably accept a deal from the Heat worth $50 million-$55 million over four years to help the team open up cap space.

There were many who thought Wade would opt into the remainder of his deal, especially considering there were $41.5 million reasons to do so, but doing so would’ve did more harm than good for the Miami Heat. For one, it would’ve shown that Wade had little interest in building a competent team or that he’s aware of his glaring deficiencies. It also may have deterred LeBron James from re-signing with the organization because of the short-sighted move from Wade, leaving Wade stuck with a mediocre roster for the latter end of his career.

If true, the Heat will now wait on a decision from James and Chris Bosh. If those two make a similar decision, the Heat will have an excess of cap space to improve areas that were exposed in the playoffs, mainly the point guard and center position. There has been a reported interest in Kyle Lowry. Carmelo Anthony remains an option–an unlikely one though. Surely players will take pay cuts to play with them a la Shane Battier, Ray Allen, and Chris Andersen.

If Pat Riley does his usual magic, the Heat may be back ready to win another championship, possibly in a better position than they had been the previous years.

Tags: Chris Bosh Dwyane Wade Lebron James Miami Heat NBA NBA Free Agency

  • HeatFan786

    Oh, the haters are going to be out and bigger than ever if Riley does it again. Easily, one of the best architects in the history of the NBA.

    • Petros Poulos

      Riley didn’t do this. This is true, dear friendship. Now he’s got work to do rebuilding. Bosh and Wade still old. Who ya gonna get to guard Howard? Anderson? You’re nuts thinking Carmelo or Love will play for peanuts and apple juice. Plan B. Carmelo Anthony and Lionel Hollins as a defensive coach. Melo wanted to sign with Houston in 2010. Lala said no. Second shot

      • HeatFan786

        Nobody said Melo or Love. I love how you want to put words into my sentences. There are a bunch of free agents: Gasol, Lowry, Collison, Gortat, Bledsoe, Boozer (if amnestied), etc. You don’t need to get a 4th superstar. Miami doesn’t even have the assets to trade for Love. What are we going to trade? 3 firsts and Norris Cole? Please. So many teams can top that offer.

        • Park Ridge Howard

          I would love to see you get Boozer. He is the only one on your list that would play with the Heat. You will have a Big 1. Bosh has always sucked and now Wade’ s knees put him in the same spot. You need Bosh and Wade to opt out so the Heat can get productive players to team with James. You will never win another championship with Bosh and Wade. :-)

          • disqus_atlq8Zmtsd

            He says of the team that was in the NBA Finals this year.

          • Park Ridge Howard

            Not even the slightest clue what you mean or where you are going, but good luck on your 8-peat in Miami with your team of 1.

          • disqus_atlq8Zmtsd

            “You will never win another championship with Bosh and Wade.” Strong words about a team that is coming off of four consecutive Finals appearances. You never said anything to refute the content of the article stating that Wade is likely to take a discount to create room to get more talent.

            I have no idea if the quote is based on sources or a writer’s opinion, but if you accept the premise that Wade is opting out to take less money, then you also have to accept the premise that Bosh is opting out to take less money (he has repeatedly said on local radio shows that he is willing to take less).. If both players do that, the Heat would have significant money available to shore up the center and point guard positions. Let’s throw out a hypothetical starting lineup of Collison, Wade, James, Bosh, and Gortat. That ain’t shabby and certainly represents a much more balanced starting 5 than they have had at any point in the last 4 years.

            So to say they won’t win another championship with Wade and Bosh seems foolish when they have been in position to do so in each of the last four years and will likely have an improved roster next year.

          • Park Ridge Howard

            Wade is done and Bosh isn’t much better than Carlos Boozer. Bosh has tagged along on James and Wade, but has NEVER done anything on his own. Toronto actually had a better record without him the last year he was there. The money spent on both of them would be much better spent on someone else. You can’t expect James to do EVERYTHING by himself. When the big 3 came there it was for $15 million each. They aren’t taking less than that so how much are you going to improve the team. Gortat would be a significant upgrade, but Miami is just one of many places he can go. Collison is just another guy. You will have NOBODY on the bench, guys can’t play 48 minutes and Wade will probably play 20 – 25. If the Bulls get Anthony and Rose is 75%, there is no way the Heat beats them. Even if they only get Afflalo with other minor moves the Heat are in trouble. Past next year James positively will leave and you will have a near lottery team that is capped out like the Knicks. That my friend is reality, your run is over. You just got stomped by a team that has a good mix of above average players with a great coach. Wade played defense like a statue and it looks like the league has had enough of his acting performances. The East is ridiculously weak. I’ve followed the NBA for 40 years and it’s never been this bad. With that said, the Heat need to significantly improve to get past the Pacers and the Bulls next year and have ZERO chance to get past anyone of 4-5 teams in the West. :-)

          • disqus_atlq8Zmtsd

            Were they to take 15 million each again that would represent significantly less of the salary cap because it has gone up so much since 2010.

            As far as the Raptors… Bosh played in all but 12 games his last season there. Using a 12 game sample size instead of pointing out that they won 18 less games after he left is ridiculous. In fact, this year was the first time that they have come within 5 wins of the (admittedly mediocre) 2010 Raptors team.

            Saying they would have noone on the bench is laughable too as guys like Battier, Allen, and Cole have all been midlevel or lower acquisitions. They have also gotten plenty out of veteran minimum players that were honestly worth more than the min. Obviously the roster got old this year, but that is an indictment of holding on one year too long rather than the viability of the strategy itself.

            Agreed that the East was WEAK this year. Pacers look like they are going to stand firm, so if they just get out of their own way they will be a threat. Brooklyn will likely be better next year with Brook Lopez and another year to hone their system. Chicago with Rose back to all star form would be more of a threat. But let’s not pretend that Miami can’t significantly improve the roster if Wade, Bosh, and potentially James (certainly he wouldn’t miss 2 or 3 million financially if he decided to do so) take pay cuts for the explicit purpose of making room to (wait for it) significantly improve the roster.

            If Haslem is back for $5 million and Wade is back for $20 million then you are 100% correct. James would be a fool not to leave if Wade and Haslem are chewing up 40% of the salary cap.

          • HeatFan786

            I would like to see you put your money where your mouth is. 4 straight NBA Finals with the team as is. Miami adds Boozer (min), Collison, Hawes, Jordan Hill (mle), Vince Carter (min), Marvin Williams (min), draft Shabazz Napier and retain Udonis, Ray Allen, Lebron, Birdman, Bosh, Wade, Beasley, Oden, send invites to undrafted free agents and summer league invites to nba free agents (eligible for it) and Miami could cut down their roster to 15 players. As Riley said, “retool, not rebuild.”

          • Park Ridge Howard

            Just re-read through the names you just read off. Birdman as far as I can tell is leaving for more money. Allen is retiring. Beasley and Oden are worthless. Hawes has always sucked. I couldn’t stand watching another minute of Boozer playing anymore. Marvin Williams??????????? As far as Vince Carter, you do know this will be 2015 not 2000. Live in reality.

          • HeatFan786

            Nobody says Allen is confirmed to be retiring. Beasley is an offensive talent, weak on D. Oden had a bad back injury. He can use one more year on the Heat training/med program. Hawes on the Heat takes pressure off him to be an offensive portion for another team. He’s a decent 5 as long as he rebounds and plays D. Marvin Williams off the vets min deal is a 3 that can bring energy. Birdman is coming back. Vince Carter can be a scorer off the bench. I didn’t even mention Mike Miller either. It’s reality. Is signing Melo or Lowry and Gortat reality? Probably not. I am probably speaking out the realistic options for Miami.

          • Park Ridge Howard

            Even if Allen isn’t retired, he looked retired in the finals. Birdman was great last year for you and pretty much sucked like he always does this year. You have over valued every other player you mentioned. Gortat and Lowry are the ones that help you the most. Melo doesn’t fit on the same floor with James. Being a Bulls fan, Gortats name scares me the most.

          • HeatFan786

            But those guys are signing for above their market value. Miami can only choose one. Gortat is my choice, but he’s staying in Washington. Lowry is probably leaving Toronto for a contract worth $14 mill per. Miami shouldn’t pay someone to play the point at that money.

  • Real M-Fing talk !!!

    Wade opting out is move 1 of 4 before the Heat can seriously do anything…
    2. Wade agreeing to sub 10 million per …8mill is more than fair considering his skill sets
    3. Wade needs to take a bench role
    4. That Dinosaur hatchling needs to be closer to 10 mill than 20 considering his role
    If i was James i still wouldn’t return, what for another year of carrying the entire team..
    Another year of Mike Brown 2.0… ie The Stupidity of Spoelstra… Riley cannot look anyone in the eyes and with a straight face say he was pleased with SPO’s work in the Final, I dont know who was worst… Spo, Chalmers or Wade? If Riley had don’t anything in 4 years that James was there Lebron wouldn’t be forced to lead the team in scoring, rebounds, assist and carry a large defensive role … Lebron needs to seriously think a bout Houston if the rumors are true !

  • YoungWildNFREE

    I think Miami will be going after Lowry and rebuild the whole team, also people cannot get mad they had a good run together and sometimes you gotta do what’s best and it’s not like there still young, also Wade isn’t 100 percent but when he is crazy good and I’m sure Bulls will go after him,Bron of course but I think Bron/Melo one of them will be apart of Houston and Bosh could be a Chicago Bull. Mavs don’t have nothing to offer to be honest, also or Clippers to get Bosh and we get LBJ? they get good players actually. I mean DeAndre,etc and Houston TJ,Asik,Lin,picks they will be alright to be honest and if Wade then Chicago gotta give up who knows all there solid players basically and picks.

    • disqus_atlq8Zmtsd

      Wade isn’t leaving Miami. If he opts out it will be to take less money to rebuild the roster. If James and Bosh leave, Wade will almost assuredly just ride out his $40 million over the next two years. That number is close to the amount he could expect to earn on the open market over the rest of his career.

      • Park Ridge Howard

        After his statue like play in the finals and 1 for 10 shooting inside of 6 feet with zero elevation in game 3, no one would want Wade for anything more than a part time player. Stephan A. Smith told everyone that if Wade signed a 4 year contract, he would never play it to the end. Wade has 1 or 2 more years on those knees. He was a great player, but was pushed too hard for too long and has nothing left. I was actually shocked he did as much as he did this season.

        • HeatFan786

          Nonsense. See Jermaine O’Neal as an example of a guy w/ “bad knees” playing beyond 32. He’s 35 and played a decent role after Bogut went down w/ an injury.

          • Park Ridge Howard

            He is a center not a guard. Plays an entirely different kind of game.

          • HeatFan786

            Still doesn’t deter my point. You are not God, neither is Stephen A. Smith. Wade could play into 2018 for all we know. Look at how the Spurs managed their players’ health. Miami could do the very same thing for all we know.

          • disqus_atlq8Zmtsd

            lol at saying that centers are less hard on their knees than guards.

        • disqus_atlq8Zmtsd

          lol at citing First Take as anything other than intentionally divisive rhetoric.

          Agreed that Wade had an abysmal two weeks, and that meniscus isn’t growing back. But he also was INCREDIBLE in the ECF and averaged almost 20 ppg this season on a career high efficiency.

          Wade needs to get his perimeter game viable and probably try to shed 15 pounds to be easier on the knees, but that is hardly saying he needs to retire.