Dwyane Wade decides not to pick up option with Heat
According to ESPN, Dwyane Wade, a perennial All-Star and three-time NBA champion, has decided to not pick up his option with the Miami Heat for next year, a source said Monday. Wade, who was scheduled to make $16.1 million next season, will automatically become a free agent Wednesday.The Heat and Wade were at a contractual crossroads as the 33-year-old veteran faced a midnight Monday deadline on whether to opt into the final year on his contract.Wade is believed to be seeking a deal that would average at least $16 million over the next three seasons. The Heat had preferred for Wade to opt in for 2015-16 and then work with the team on a new contract after next season that would give the Heat salary-cap flexibility going into the 2016 free-agency period, when Anthony DavisandKevin Durantare likely to highlight a deep group of available stars on the market.
Heat president Pat Riley wants no part of seeing Wade bolt for another team, especially after enduring LeBron James' brutal and abrupt departure in free agency last summer to return to the Cleveland Cavaliers. But Riley is adamant about also maintaining salary-cap flexibility moving forward.
Wade has spent his entire 12-year career with the Heat. His age and recent injury history -- missing 48 games the past two seasons -- were major areas of concern while assessing his long-term value to the team at this stage of his career