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Miami Heat Rumors and News: Dwayne Wade signs with Miami Heat, agrees for 1-year, $20M contract

A long standing talk between the Heat and Dwayne Wade is finally over. The all-star guard decided to stay with Miami and agreed to a one-year, $20 million deal.

“It has been an honor and privilege to play with the Miami HEAT the past twelve years,” Wade said in a statement. “The HEAT family and I have shared incredible moments over the years and I look forward to continuing our journey. I am extremely proud of my personal contributions in helping to build the HEAT franchise and for bringing three NBA championship wins to our great city. For my entire NBA career, Miami has always been my city and my home. I’m overwhelmed with the love and support the Miami community have consistently shown me and my family throughout the years.”

“This contract is a win-win for both Dwyane and the HEAT,” Wade’s agent, Henry Thomas said. “Not only does Dwyane get to extend his Hall of Fame-worthy career with the only franchise for whom he has ever played, but he will have the flexibility next summer to sign an additional deal. And the HEAT gets to keep their franchise cornerstone while having the ability to build a championship-contending roster.”

Pat Riley decided to keep Wade, who led the Heat into three championships, one in 2006 and two with the LeBron James and Chris Bosh.

With a one-year, $20 million deal, Wade remains with the team that he has been playing with since he was drafted in 2003 and reaps a massive payday well over market value. Wade was rumored to play with the Lakers if he will not get a deal done with the Heat.

Miami is one of the teams who sat down with LaMarcus Aldridge. Truly, Riley wants this team to compete in the Eastern Conference.

Garry loves writing, editing and ranking keywords in the search engines. His passion for basketball, football, baseball and other sports has led him to write. He has been writing and promoting his blogs in the past seven years.

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