Report: Dwyane Wade’s new contract expected to start at $15 million

70 Comments

LeBron James is gone, but Heat are still trying to win now.

Miami owes the Cavaliers a first-round pick that is top-10 protected next year, meaning the Heat can’t sit on the fence. They must either tank hard  or try to remain a team capable of winning a playoff series (or more).

Pat Riley has made the, I believe correct, calculation that the East is to weak for tanking.

Since losing LeBron, Miami has re-signed Chris Bosh, added Luol Deng and brought back Mario Chalmers and Chris Andersen.

Bosh believes in this plan, but the lynchpin – Dwyane Wade – remains unsigned.

Brian Windhorst of ESPN:

Depending on the length of the deal, if Wade starts at $15 million, here are the potential ranges for the value of the contract:

  • Two years:$28,875,000-$31,125,000
  • Three years:$41,625,000-$48,375,000
  • Four years:$53,250,000-$66,750,000
  • Five years:$63,750,000-$86,250,000

Even on the low end, that’s a lot of money for a 32-year-old who fell apart during the Finals.

But Wade had an excellent regular season and played well throughout most of the playoffs. I don’t think he’s done yet, and when healthy, he’s still one of the NBA’s top shooting guards.

It’s not an ideal path, but the Heat re-signing Wade and hoping he remains healthy is probably their best course at this time. They can’t just get a replacement off the street.

On the bright(?) side, they probably don’t need to worry about preserving him for such long playoff runs anymore.