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Report: Dwyane Wade getting two-year, $47.5 million contract and PO from Bulls

Dwyane Wade

Miami Heat guard Dwyane Wade (3) prepares to shoot against the Chicago Bulls in the second half of an NBA basketball game, Thursday, April 7, 2016, in Miami. The Heat won 106-98. (AP Photo/Alan Diaz)


The Heat reportedly offered Dwyane Wade a two-year, $40 million contract.

He wanted $50 million -- and apparently could’ve gotten it from the Nuggets but chose an in-between deal with the Bulls.

Adrian Wojnarowski of Yahoo Sports:

Free-agent guard Dwyane Wade has agreed to a two-year, $47.5 million deal with the Chicago Bulls, ending his 13-year partnership with the Miami Heat, league sources told The Vertical.

Wade’s agreement includes a player option that will allow him to return to free agency in 2017, sources said.
Denver met with Wade in New York on Wednesday, offering him a two-year, $52 million deal, sources said. No team offered Wade a guaranteed third season, sources said.

That’s a lot of money for a 34-year-old with bad knees, but Wade has still played so well, all the way through Miami’s playoff run. That’s a bet worth taking, especially because Chicago is on the hook for just two years -- and it cost just trading Jose Calderon, Mike Dunleavy and a second-rounder or two.

For Wade, this might have been about respect as much as the extra $7.5 million. The Bulls showed how much they value Wade with their offer. Frankly, so did the Heat.