Miami Heat News: Dwyane Wade and Heat Agree to One-Year, $20 Million Deal

The day has finally come Miami Heat fans, Dwyane Wade has officially agreed to a one-year, $20 million deal with the Heat.

Wade deal: $20 million, one-year deal, source tells AP.

— Tim Reynolds (@ByTimReynolds) July 2, 2015

Wade was initially seeking a long-term deal with Miami, however the new deal works out for both parties as the 2016 offseason will have a plethora of big name free agents as well as a huge jump in salary caps for teams due to the NBA’s new TV deal.

The three-time NBA champion originally opted out of his $16.1 million player option for the 2015-16 season.

“The Heat family and I have shared incredible moments over the years and I look forward to continuing our journey,” said Wade.

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