Report: Dwyane Wade Would ‘Welcome’ $20 Million Per Year Deal from Heat

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It’s clear as day that Dwyane Wade wants a new contract with the Miami Heat. Now it’s starting to become more clear as to what Wade is expecting to be paid from the Heat.

Wade holds a player option worth $16.1 million for the 2015-16 season which he has yet to exercise. Last week it was reported that he is unhappy with his current contract and the amount he’s due to be paid for the 2015-16 season, leading to reports that he could opt out this offseason.

Barry Jackson of The Miami Herald reports that Wade would welcome a contract that averages $20 million annually over the next three years. The key word here is “welcome,” not “demand.” The veteran shooting guard’s agent, Henry Thomas, has yet to publicly confirm that or anything in relation to what Wade’s financial expectations exactly are.

The $20 million per year figure almost seems impossible for the Heat to agree on considering they are already paying Chris Bosh over $23 million per year on average on his current contract. This isn’t even including pending contracts that will be offered to free agents Goran Dragic and Hassan Whiteside over the next two offseasons.

If these reports are true, it’s obvious that both sides are playing hardball at this point. Wade could very well just want more of a commitment from Miami in regards to his future, rather than wanting more money.

It has been speculated that the Heat would like Wade to opt in for the 2015-16 season, then take a significant pay cut over the next two seasons. The 2016 offseason happens to be when big name free agents like Kevin Durant hit the market.

One thing is evident, and it’s that one side is going to have to give in more than initially expected. Formal offers can be made beginning July 1 in regards to a new contract for Wade.
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D.J. Siddiqi grew up in the heart of South Florida in Broward County. Growing up in South Florida during the late 90's and 2000's, D.J. witnessed the Pat Riley years where the Miami Heat faced off with the New York Knicks all the way to the painful late 2000's seasons where the Heat were a one-man team with Dwyane Wade. D.J. has closely followed the Heat over the past decade-and-a-half, and unfortunately witnessed Game 2 of the 2011 NBA Finals in person when the Dallas Mavericks overcame a 15-point deficit to knock off the Heat. D.J. has writing experience as a columnist with sites such as Bleacher Report and Rant Sports, and he is proud to bring his knowledge of the Heat and the NBA to Heat Nation.