Skip to main content

Pat Riley Has Issued A Major Update On Dwyane Wade

Dwyane Wade flexing his muscles.

MIAMI, FL - APRIL 21: Dwyane Wade #3 of the Miami Heat flexes his biceps after scoring and getting fouled in the fourth quarter against the Philadelphia 76ers during Game Four of Round One of the 2018 NBA Playoffs at American Airlines Arena on April 21, 2018 in Miami, Florida. (Photo by Mark Brown/Getty Images)

Dwyane Wade remains a free agent, and hasn't yet committed to playing another season of basketball.

Earlier this summer, it was reported that he had received a pretty big offer for a three-year deal in China. Wade isn't interested in continuing his Hall of Fame career abroad, though.

If he plays this upcoming season, it will be in the NBA, and it will be for his long-time franchise, the Miami Heat.

Amid the various rumors of his future, Wade made that clear a few weeks ago. However, he still isn't prepared to commit to the 2018-19 season.

Pat Riley says he wants Dwyane Wade back on the Heat, and will speak to him soon.

Wade and another long-time member of the Heat, Udonis Haslem, remain up in the air. Haslem has been with the team since 2003 as well, and it is the only team he has played for.

According to Reynolds, Riley "seems very certain" about Haslem returning. The Dwyane Wade situation seems more uncertain.

Based on the team's salary cap situation, it can only afford to sign Wade to the $5.3 million taxpayer mid-level exception, or the $2.4 million veteran minimum. In post-tax dollars, the difference is huge, but Riley said it isn't a huge factor, because the team wants Wade on the roster. From the Sun-Sentinel:

The difference between options is significant. Because of where the Heat stand against the luxury tax, signing Wade to the $5.3 million taxpayer mid-level exception would result in an actual cash outlay of $14.2 million for the coming season, based on the Heat moving into the second level of the tax multiplier.

By contrast, because the league subsidizes contracts signed for one year at the minimum scale, Wade accepting the $2.4 million minimum for a player of his tenure would cost the Heat an overall outlay of about $3.8 million for 2018-19.

[...]

"I don't think this is about negotiating a mid-level or dollars," Riley said. "It's about getting Dwyane back. It's not really about the tax right now. Even though we have a tax situation, we'll work our way around that.

Riley laid out after Labor Day as a soft timetable for getting Wade back in the fold. That means we should find out whether Wade is giving it one more year pretty soon.

[Sun-Sentinel]