It’s fun to imagine Dwyane Wade playing for the Cavs next season and with his contract negotiations with the Miami Heat in crisis mode, many were speculating about the possibility of the three-time NBA champion joining Cleveland.
One report by the Huffington Post even said Wade had begun “preliminary discussions” with the reigning league champions.
This seems incredibly unlikely to happen at this point, though.
Wade, 34, is reportedly seeking a contract worth at least $50 million over two seasons.
The Cavs don’t have anywhere close to that amount of cap space.
At the moment, all Cleveland can offer Wade is a one-year contract worth $3.5 million.
The only conceivable way for the Cavs to give Wade something close to what he wants is for LeBron James, currently unsigned, to sign a deal close to the league minimum.
He’s reportedly “absolutely unwilling” to do that.
As I noted last night, the Cavs are out of the Wade mix at moment. Don’t have the money. Don’t want to gut team. LeBron not taking minimum.
— Ethan J. Skolnick (@EthanJSkolnick) July 6, 2016
Yes, Dwyane Wade and LeBron were very publicly vacationing together last week, but sources said James is not actively recruiting him to play in Cleveland. James, sources said, is not willing to take less than the maximum contract he can sign with the Cavs, who are so far above the luxury tax threshold that they could only offer Wade their $3.5 million mid-level exception. Being over the luxury tax threshold also means the Cavs couldn’t do a sign-and-trade for Wade.
Wade reportedly met with both the Nuggets, Bucks and Heat today and could meet with the Bulls later this week.
Which team should he sign with?