Pat Riley says he wishes he gave Chris Bosh’s max contract to Dwyane Wade

AP Photo/Carolyn Kaster
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Heat president Pat Riley has said he should’ve given Dwyane Wade a max contract in 2014 after LeBron James left Miami.

Instead, Wade stayed with the Heat on what became two one-year contracts. That lack of long-term security bothered Wade, who took discounts in prior years, and contributed to his exit to the Bulls.

But paying Wade and Chris Bosh, who got a max contract from Miami two years ago, so much into their late 30s likely would have cost the Heat dearly. It’s nearly impossible to build around two declining max players.

Riley apparently has a retroactive plan for that – re-signing only Wade, not Bosh.

Wright Thompson of ESPN:

But of course, Riley says, almost immediately after LeBron left, Bosh’s camp wanted to reopen a deal they’d just finished, knowing the Heat had money and felt vulnerable. Bosh threatened to sign with the Rockets. In the end, Riley gave Bosh what he wanted. Now he wishes he’d said no to Bosh’s max deal and given all that money to Wade.

Riley says that Wade’s agent asked to deal directly with the owners instead of Pat, so he merely honored that request. Mostly, he just wishes the whole thing had gone differently. “I know he feels I didn’t fight hard enough for him,” he says. “I was very, very sad when Dwyane said no. I wish I could have been there and told him why I didn’t really fight for him at the end. … I fought for the team. The one thing I wanted to do for him, and maybe this is what obscured my vision, but I wanted to get him another player so he could end his career competitive.”

When he describes his reaction to Wade’s leaving, it’s always in terms of how sad it makes him feel

Riley has done a much better job explaining to the public how sad he is about Wade leaving rather than actually doing something while he had the chance or even expressing his regret to Wade after the fact.

It’s almost as if Riley knew excommunicating a Heat Lifer would be both good for the franchise long-term and a terrible look in the short term and is trying to mitigate the damage. Wade might even realize that, too.

To a certain degree, Riley could be speaking in hindsight. Bosh’s deal has not worked out, with Riley believing the big man’s career is over due to blood-clot issues. But hindsight also says giving Wade, now 35, a five-year contract two years ago would’ve been disastrous.

There’s sentimentality at work here. Wade is the greatest player in Heat history. Riley drafted him, groomed him and built three championship teams in two eras around him.

I just can’t figure out how much Riley is exploiting that sentimentality to warm Miami fans after coldly letting Wade walk and how much Riley genuinely regrets contract negotiations with Wade. This is almost certainly shades of both.