Barry Jackson Reports Dwyane Wade Could Opt Out of Final Year of Contract
Dwyane Wade has been the face of the Miami Heat franchise since they drafted him with the fifth overall pick in 2003 out of Marquette. He has won three championships in South Florida as well as the 2006 Finals MVP.
However, per a report from Barry Jackson, Wade might have played his last game for the team.
Wade is currently under contract for one more season after opting out of his old contract last season and signing for less to give the Heat more flexibility in bringing in other players. Now it is reported that he wants out of the last year of his deal because he believes it pays him under market value. The Heat would like to keep him but don’t want to meet his demands for a bigger and longer contract.
Further complicating things is that the NBA salary cap is projected to jump by over $20 million per team after next season, and Wade wants to make sure he is positioned to capitalize on the increase in spending that is going to take place but, at the same time, ensure he is under contract for at least the next three seasons.
It is unclear whether the Heat will meet his salary demands, as they already have Chris Bosh signed to max money and Wade is not the player he once was. Injuries to his knees have robbed him of some the explosiveness that made him an elite wing scorer and he has missed an average of 23 games a season over the past four years.
It is hard to imagine Wade doing much better than the $16.1 million he is due next year so don’t be shocked to see him back with the Heat next season. Even if he gets less money in relation to other players next offseason, the total amount would probably be greater if he signed a new contract this year under the old salary cap structure.
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