The Miami Heat have offered Dwyane Wade a two-year, $40 million contract, according to league sources.
Reports that the Heat offered Wade only a $10 million offer for next season have been overblown, sources said, with the sides actually being $10 million apart on the total amount of a contract.
According to sources, Wade’s current offer from the Heat was always part of a contingency for both sides to consider within the parameters of a deal based on Miami’s other free-agency efforts to re-sign center Hassan Whiteside and pursue Kevin Durant. The Heat agreed to a four-year, $98 million deal with Whiteside on the opening day of free-agency recruiting Friday, and Durant agreed to a two-year, $54 million deal to leave Oklahoma City for Golden State on Monday.
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Wade, sources told ESPN, continues to draw interest from the Denver Nuggets and Milwaukee Bucks.
Although the strong belief leaguewide remains that the Heat and Wade will ultimately find a resolution, like they always do, sources told ESPN both Denver and Milwaukee are hanging around in case Wade decides it’s time to leave the only franchise he has ever known.
Over the years, Wade has twice taken pay cuts to help the Heat manage their salary cap, and he has taken short-term deals to help the team with flexibility. He signed one-year contracts each of the past two summers.
“I hope that everything is quiet and works out the way I want it to,” Wade said in his exit interview in May. “But I have no control over that, as much as people might think. It’s a lot of moving parts in free agency. I’m not worried about it. I’m not getting into how many years I want to play. Just because I sign a contract doesn’t mean it’s going to be it; that I’m going to play that contract out. The contract I look to sign this summer is something I hope I’m comfortable with.”
Wade, who has spent his entire 13-season career in Miami, averaged 19.0 points, 4.6 assists and 4.1 rebounds this past season, and he was an All-Star selection for the 12th time.
Information from ESPN’s Marc Stein, Brian Windhorst and Ramona Shelburne was used in this report.