Dwyane Wade announced Friday he's returning to Miami on a new deal.
ESPN reports that Wade is taking a paycut from the two years and $42 million he opted out of to enter free agency, but is getting more long-term money.
Dwyane Wade has agreed to a new, two-year, contract with the Miami Heat and is expected to finalize it as early as Tuesday, sources told ESPN.com.
Wade is taking roughly a $5 million pay cut from the two years and $42 million he opted out of to become a free agent last month. He will make it up by getting more long-term money.
Wade, 32, averaged 19 points, 4.5 rebounds and 4.7 assists last season for the Heat, but struggled in the Finals, despite taking 20 games off for rest in the regular season.
But he's the franchise guy for Miami, and it looks like he'll be starting and finishing his career with Miami, even if that's without LeBron James. With Wade, Chris Bosh and the additions of Luol Deng and Josh McRoberts, the Heat still project as a playoff team. Their odds at a title took a massive hit, but the party, it seems, continues on South Beach.