By Associated Press
Dwyane Wade is staying with the Miami Heat, and his latest deal is designed to give both the player and the only franchise he’s ever known some flexibility in the coming years.
Wade signed a new contract with the Heat on Tuesday. It’s a two-year deal, the second of those seasons a player option, said a person familiar with the situation. The person spoke to the Associated Press on condition of anonymity because neither side announced terms.
“I am proud to have spent every single day of my career as a member of the Miami Heat and to have brought three championship titles to this great city,” Wade said in a statement. “I’ve been here through the good times and the hard times. I have confidence in the Miami Heat organization and the team they are building.”
Earlier Tuesday, Wade tweeted “Home Is Where The Heart Is … My Home,My City,My House” and attached a photo of himself standing below the three NBA championship banners that hang at Miami’s home arena.
Financial terms were not announced, though it’s expected Wade’s salary for next season will not reach the $20.2 million he would have made under his previous contract.
Heat President Pat Riley confirmed that Wade again bought into the Heat mantra of sacrifice. The contract he signed four years ago left millions on the table, in part to make the deals with LeBron James, Chris Bosh and Udonis Haslem happen.
“Dwyane has been the franchise cornerstone for this team since the day he arrived 11 years ago,” Riley said. “He has shown his commitment to the Heat many times over the course of his career and has always been willing to sacrifice in order to help build this team into a champion. This time is no different.”
Meanwhile, ex-Cavaliers forward Luol Deng has signed a $20 million, two-year contract with the Heat.