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Contract between Dwyane Wade and the Miami Heat have stalled due to Wade wanting more money and long-term security. The three-time NBA Champion has to decide by late June if he wants to opt out of his current $16.1 million deal.
According to the Miami Herald, Wade is “open” to joining another team if the Heat don’t raise their offer for the next three seasons. Via Miami Herald:
The Heat and Dwyane Wade have been discussing potential resolutions of his contract situation and there’s a significant difference in what both parties believe he should be paid for the next three seasons, according to multiple sources.
Though Wade prefers to stay with the Heat, where he has spent his entire 12-year career, he is now open to considering other teams this summer if the Heat does not raise its offer, according to three sources with direct knowledge.
Last summer, in order to give the Heat flexibility to augment its roster, Wade opted out of the final two years of a contract that would have paid him $41.6 million. He instead accepted a two-year, $31 million deal, which included a player option for next season at $16.1 million.
But according to associates, Wade wants to opt out this summer, with the hope that the Heat would give him a lucrative three-year deal that would extend past his 36th birthday.
That does not appear to be the Heat’s preference. The Heat apparently would be content with Wade opting in for next season, then re-signing for good, but not huge, money for another two seasons after that.
Regardless of whether Wade opts out or not, there is believed to be a sizable gap between what Wade would like over the next three seasons and what the Heat would prefer to pay him.