No meeting currently scheduled between Wade, Heat
Ira Winderman South Florida Sun Sentinel
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Despite reports to the contrary, a source familiar with the situation told the Sun Sentinel on Monday night that there currently is no meeting scheduled between Dwyane Wade and the Miami Heat as the clock ticks toward Wade's Monday opt-in deadline.
In the wake of a previous ESPN report of such a meeting, a source close to the process said no such meeting between Wade and Pat Riley or other members of the Heat front office has been set.
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The source said any meeting with Wade would be more likely to come after the July 1 start of free agency, since the Heat are not allowed to discuss contract parameters until then.
For Wade's part, his representatives said he will bypass his annual media sessions at the adult basketball camp he is hosting this week at the Westin Diplomat Resort and Spa in Hollywood.
Wade has a $16.1 million option on his contract that must be decided next week, with the All-Star guard otherwise to become a free agent on July 1.
Both Wade and Heat forward Luol Deng hold June 29 "opt-in" deadlines. If they do not make any moves by then, each then would enter free agency. Instead of having to formally opt out, the two can determine their free agency by merely taking no action by midnight Monday.
Among the Heat's options with Wade are extending a one-year maximum contract of $23.5 million for next season. Such a move would trigger a significant luxury tax for owner Micky Arison.
Dwyane Wade graduates Harvard | Photos
As the Sun Sentinel previously reported, such a tax hit could be mitigated with trades of point guard Mario Chalmers and/or center Chris Andersen. ESPN is reporting the Heat are making trade overtures regarding both. In each case, the Heat would be looking to avoid taking any guaranteed salary in return.
The Heat have remained mum on their personnel issues to the point of bypassing their annual pre-draft media session, with no one from the team's scouting department scheduled to be made available in advance of Thursday's NBA Draft, with the Heat holding the No. 10 selection.
cComments
- @MHchamps So he is politely saying they lied to him 3 times and wishes them all the best. Is this all the dirt you have to say that he'd be bad in the locker room and he does damage off the court. Just say you don't like him. Don't create a false representation about someone...
peacemon66
at 1:24 AM June 23, 2015
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If Wade, 33, either bypasses his opt-in or accepts a one-year deal this offseason, he then would be able to sign a three-year contract with the Heat in the 2016 offseason without the Heat incurring an additional salary-cap hit from the NBA's "over-36" contract rule. Players are eligible to sign three-year contracts at any age without then having future money accounted back into the salary cap in earlier seasons.
Agent Henry Thomas told the Sun Sentinel three weeks ago that he expected upcoming contract discussions with the Heat in advance of Wade's option deadline.
"We'll just have to see how things continue to develop with the Heat," he said.
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Heat center Chris Bosh, another Thomas client, last year signed a five-year, $118 million contract with the Heat in the wake of LeBron James' free-agent departure to the Cleveland Cavaliers. Wade at the time agreed to a shorter deal, affording the Heat greater flexibility on the 2014 free-agent market.
That had Thomas noting during these Wade talks, "Several guys opted out of their contract last year. Obviously Dwyane wasn't in a position that Chris was in, in terms of having another team offer a maximum deal. But the reality of this is he's played his entire career for Miami. He's done wonderful things in terms of the five titles that they played for, winning three of them. He's had a tremendous career, and we're just trying to see whether or not there's room to continue that."
Wade has been linked to potential interest from the Los Angeles Lakers, Los Angeles Clippers and New York Knicks, with outside teams prohibited from contact until July 1.
iwinderman@tribpub.com. Follow him at twitter.com/iraheatbeat or facebook.com/ira.winderman.