A statement from Dwyane Wade's agent, Henry Thomas, via USA Today:
"This contract is a win-win for both Dwyane and the Heat," Thomas said in a statement. "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."
From Dwyane Wade, who reportedly will sign a one-year, $20 million deal with the Heat for next season:
"It has been an honor and a privilege to play with the Miami Heat the past 12 years. 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.”
Dwyane Wade and the Heat agreed to a new contract on Thursday that arguably gives the Heat the best backcourt in the Eastern Conference.
News of Wade’s deal for one year at $20 million, reported first by the Associated Press, came one day after the Heat locked up point guard Goran Dragic for five years and $90 million. With those two players in the fold, the Heat can now begin preparing in earnest for a return to prominence after losing LeBron James last year. The Heat missed the playoffs last season, but on paper the 2015-16 squad put together so far by president Pat Riley, general manager Andy Elisburg and coach Erik Spoelstra has the look of a contender.
Wade, 33, is entering his 13th season with the Heat, but he is still considered one of the best shooting guards in the NBA. Wade reported losing more than 10 pounds early this offseason, a clear sign that he’s serious about going after another title and also remaining an elite talent. Wade carried the Heat last season after Chris Bosh medical scare and when paired with Dragic, considered the Heat’s best point guard since Tim Hardaway, the Heat showed glimpses of something special.
A deal with Wade was just one element of the Heat’s free agency moves on Thursday. Team president Pat Riley flew to Los Angeles to meet with Portland Trail Blazers free agent LaMarcus Aldridge.
There were more questions than answers surrounding the Heat’s free agency on Thursday.
For instance, why the heck was Dwyane Wade in the Bahamas with LeBron James?
And, also, why was Pat Riley heading out of town?
And, finally, how does Heat owner Micky Arison feel about paying millions upon millions of dollars in luxury taxes for his basketball team?
With Independence Day approaching, the principal players of the Heat’s offseason business negotiations apparently took a break from each other to either to release some tension, or just create more. Wade made the quick trip to mega-resort Atlantis in the Bahamas, while Riley embarked for southern California. At first, the perceived lack of urgency from Wade and the Heat was interpreted by many around the NBA as a strong sign that a new deal for the shooting guard was imminent, if not already agreed upon.
Then, things got kinda crazy.
A report surfaced that Riley was flying to Los Angeles not for the holiday weekend, but to meet with free agent power forward LaMarcus Aldridge. Riley was set to meet with the Portland Trail Blazers’ free agent over dinner, according to ESPN.
How in the world would the Heat fit Aldridge into its plans? The specifics are unclear, but speculation was rampant on Thursday afternoon. A sign-and-trade with the Trail Blazers could be a possibility, considering Portland hopes to salvage something — anything — for Aldridge at this point. Under that scenario, Heat center Hassan Whiteside and his expiring contract could be used to facilitate a deal.
Of course, a worst-case situation would be the Heat having to scramble because talks have deteriorated with Wade. At this point, that would be a shocking development, but things change quickly in NBA free agency.
Sometimes, all it takes is a trip to the Bahamas to rearrange rosters.
So, if the first day of the Heat's free agency wasn't already crazy enough, Dwyane Wade went with LeBron James to the Bahamas on Wednesday night.
You read that correctly. Wade and LeBron were at Atlantis on Wednesday night, presumably so LeBron can pay back Wade all that money he owes him...
OK, let's not make such a big deal about this. After all, LeBron and Wade are friends, of course ... and this IS the offseason ... and LeBron and Wade certainly have a long history of partying at Atlantis together ... Yeah, sure, but none of those reasons for getting together should take away from the fact that all this was very much planned to receive plenty of attention in Miami:
Sure enough, these pictures on Twitter exploded, and pretty soon they were being featured on the local 10 p.m. news in Miami.
At first glance, this seems like bad news for the Heat, but let's think about this...If Wade is in Atlantis, maybe that means his deal with the Heat is already figured out. After all, either Wade or his representation met with the team today and, according to reports, the talks seemed to go well. Goran Dragic took less money that expected, which means some or all of that money can be spent on keeping Wade.
Pretty sure Wade isn't going mess with Dragic's money like that. I mean, who would do such a thing?
So, let's relax a bit and let this thing play out tomorrow. Wade can OK a deal from Atlantis, which certainly seems like the perfect place to celebrate a new deal. This much I do know, LeBron better be buying the drinks.
The Heat’s team of the future came into better focus on Wednesday when point guard Goran Dragic agreed to a multiyear contract with the team.
While Dragic’s agreement materialized rather quickly, and with little fuss, free-agent negotiations between the Heat and Dwyane Wade extended through the day. A source called dialogue between the Heat and Wade “ongoing.” Meanwhile, dizzying free-agent deals from all points on the map launched the NBA into a new era of spending.
Dragic’s deal was for five years at $90 million with a player option on the final year. ESPN first reported the oral agreement. A new contract cannot be signed until the end of the NBA’s free-agent moratorium on July 9.
The Heat acquired Dragic at great expense in February (four players and two future first-round picks), but that trade gave the Heat exclusivity to offer Dragic a five-year contract this offseason. No other team could. The fifth year of Dragic’s new deal will be designated as a player-option year, according to a report. That would allow Dragic to renegotiate his deal with the Heat in the summer of 2019, or perhaps look elsewhere.
It’s that same contractual mechanism that allowed Wade to opt-out of his contract on Monday. Wade is seeking a new, multiyear deal from the Heat, but the two sides couldn’t come to an agreement on Wednesday afternoon.
Wade might now entertain offers from other teams, or at least schedule meetings to leverage a concession from the Heat. The Heat has approached these talks with Wade with one eye on the future, but the franchise can ill afford to lose its longtime star.
In signing for $90 million over five years, Dragic left the Heat some financial wiggle room to possibly sweeten Wade’s deal. Dragic could have signed a max contract worth in excess of $100 million. Finding common ground with Wade is now the Heat’s top priority of the free-agency period. If Wade returns, the Heat would be a contender in the Eastern Conference.
While talks flattened with Wade on Wednesday, the Heat’s offseason transactions this past week have been an overall success.
Last Thursday, the Heat drafted NBA-ready youngster Justise Winslow, who as a collegiate freshman last season helped lead Duke University to a national championship. The Heat selected Winslow with its No.10 pick. It was a move considered one of the best of the draft. Many around the league believe Winslow has the potential to develop into the Heat’s next star.
On Monday, Luol Deng, who also had a player-option entering free agency, chose to return to the Heat for the final year of his two-year deal. The move was somewhat of a surprise, and considered a great success for the Heat. Deng, the team’s most consistent player last season, chose to return to the Heat based on the potential strength of the team for next season.
Elsewhere in the NBA on Wednesday, one of the league’s stars agreed to a mega contract while role players scored deals that helped set the market.
New Orleans Pelicans power forward Anthony Davis reportedly negotiated a new contract for $145 million over five years, or the largest contract in NBA history. Davis projects as one of the best NBA players for years to come, and his new contract was interpreted as a sign of the times.
With the league’s salary cap expected to jump around $25 million next year, players with expiring contracts or player options this offseason are already cashing in. For example, shooting guard Danny Green of the San Antonio Spurs agreed to a four-year deal worth $45 million on Monday, and that number was considered a steal for the Spurs.
Free agent Al-Farouq Aminu, who averaged 5.6 points and 4.6 rebounds last year for the Dallas Mavericks, agreed to a four-year, $30 million deal with the Portland Trail Blazers. Point guard Brandon Knight, a Broward County product, negotiated a five-year extension for $70 million.
With such a huge jump in salary coming to Dragic, teammate Hassan Whiteside jokingly asked the point guard for money on Twitter after news of the deal became public.
“Congrats @Goran_Dragic on [the] new deal,” Whiteside wrote. “Welcome back to the family and let me borrow 5 dollars.”
Dragic is spending the offseason in his native country of Slovenia, where he and his wife are awaiting the birth of a child. It was there that the international basketball star agreed to the largest contract of his career. The deal would make him the third-highest paid point guard in the NBA behind Chris Paul of the Los Angeles Clippers and Derrick Rose of the Chicago Bulls.
For the first time in a year, a bit of good luck fell the way of the Miami Heat last night when Duke national champion Justise Winslow dropped to 10th in the draft. In a post-draft exercise that's way too early to even take seriously, many people are saying the Heat "won" the draft. About time something went the Heat's way, right?
How surprised was the Heat to see Winslow still on the board at 10? Pat Riley had never spoken with Winslow until moments before NBA commissioner Adam Silver announced the pick on national television. No pre-draft interviews between the Heat and Winslow; no pre-draft workouts in Miami. Riley, general manager Andy Elisburg and coach Erik Spoelstra didn't think Winslow would be around by the 10th pick, but a series of surprising decisions by other teams fell into place like dominoes for the Heat. Here's a look at some of those dominoes, but in reverse order...
"When you're picking 10, but you don't think this kid is even going to be close to you, isn't going to drop to you and he drops down, you get some palpitations," Riley said. "Micky [Arison] and Nick [Arison] started singing the Duke fight song, whatever it is. They're pretty excited with all the connections they have with Duke and that whole program we have great respect for."
Anyway, the Duke-Miami connection now lives on through Winslow. If you're counting at home, as many as three former Blue Devils could be in Heat uniforms next season (Josh McRoberts and Luol Deng are the others). I bring up all this Duke-ness because the team that picked directly ahead of the Heat in the draft, the Charlotte Hornets, actually do have a lot of fans that know the Duke fight song.
The Hornets passed on Winslow to draft Frank Kaminsky, the 7-foot shooter from Wisconsin. Duke, of course, defeated the Badgers with ease in the NCAA Tournament national champion game. If Kaminsky doesn't work out in Charlotte, and Winslow becomes a star, then a large chunk of Hornets fans will never let Michael Jordan forget about it.
Jordan, of course, played for North Carolina in college, so it's not completely ridiculous to wonder aloud whether or not Jordan passed on the kid from Duke for personal reasons. (Yes, and I'm fully aware that Charlotte is a Carolina town, so it just would never have worked out, and yada, yada yada.)
Of course, there's a much more boring explanation that's probably closer to the truth. It was reported before the draft that the Hornets would select Kaminsky if he was still available at nine. It's entirely possible that the Hornets front office was so excited that their guy was still on the board that they overlooked the obvious fact that a potentially better player was still available.
Many mock drafts had Winslow going in the top seven, so when the Pistons drafted another small forward, Stanley Johnson, at eight, the Heat's draft night war room got a little crazy. One after another teams called the Heat in the hopes of moving up in the draft for Winslow. The Heat had its man, though. The Arisons should send Jordan and Van Gundy some coupons for a free cruise just as a thank you.
So, we know why Jordan and the Hornets passed on Winslow, but why the Pistons? There has already been plenty of speculation on the Internet, but one reason might be that Stan Van Gundy thinks Stanley Johnson can start right away and Winslow needs a little more developing. Whatever the reason, the early general consensus (less than a day after the draft, so take it with a grain of salt, of course) is that the Heat got the player with more long-term potential.
Draftnik Chad Ford of ESPN.com on the Pistons taking Johnson over Winslow:
"Reasonable minds can differ on Johnson. I differ. I'm not sold that Johnson is anything more than a solid role player who uses his great body and toughness to provide some muscle. Meanwhile Winslow was sitting on the board. Winslow has a chance to be an All-Star. While Johnson looks the part, Winslow plays the part. He does all the little things that make a team great. I think the Pistons made a mistake on Thursday and, in the process, gave the Heat a major gift at 10."
At seven, the Denver Nuggets drafted Emmanuel Mudiay, a point guard. The Nuggets wanted a point guard and Mudiay might be ready to start as a rookie. Ty Lawson had some fun with the pick.
At six, the Kings drafted Kentucky big man Willie Cauley-Stein, who was high on the Heat's draft board.
Wonder who the Heat would take if given the choice, Cauley-Stein or Winslow? We'll probably never know. What's important is the Heat filled a major, immediate need on its roster while also landing a player who could turn into a two-way star.
"Justise is an incredible, very mature, young at 19, player that anybody that has watched him play can see that he's not only athletic, but he's a playmaker, a multiple position player," Riley said. "We had him very high on our board. We're very fortunate he got to us. If all these guys come back, he just adds to the depth we're going to have. He's a very mature guy who loves to work."
Oh, almost forgot...The first domino to fall for the Heat-Winslow connection, as Riley pointed out on Thursday night, was the Heat's awful finish to the 2014-15 regular season. Riley noted one blown game in particular that, months later, helped send Winslow to Miami.
"Today we had the chance to draft No. 10," Riley said. "I don't think we're a No. 10 draft pick team. We're better than that. Today, I can thank Kris Middleton in Milwaukee. That was a bad day for us. Today, we can thank him for making that shot with 0.8 seconds to go. We got a break. We need them in this game."
Those were Pat Riley's words late Thursday night after long hours in the draft-day war room. Maybe he was tired. Maybe this is nothing. Or maybe it's the first sign from the Heat's side of this drama that this business of keeping Dwyane Wade is going to take some major work.
Because "I am not a pessimist" certainly isn't the same thing as "I'm optimistic."
Riley was asked if he was "concerned at all" that Wade might leave. Here's the quote in full:
"I'm not a pessimist when it comes to that, and we have a lot to offer here with all of our free agents. Not just with Dwyane, but Goran [Dragic] and [Luol Deng]. I think everyone knows that with the injuries we had last year, having the 10th pick in the draft. I don't think we're a 10th pick in the draft time with the kind of roster we can put together when healthy and contend in the East and I think players are aware of that. They want to win."
"Whatever I think today is really irrelevant. I want all of them to come back. I would really like to make a deal with all of these players and keep the team that we built last year together, and we'll find that out on July 1 and then we'll have eight or nine days to deal with it. Before that, it really is all speculation."
There have been plenty of scenarios kicked around in the media, sure, but all of that speculation has been rooted in actual evidence of unhappiness. Signs and hints of discord by Wade has fueled growing fears that he might actually leave. Riley didn't do much to reassure Heat fans on Thursday. Remember all the confidence Riley showed last summer with LeBron James? There was none of that late Thursday night.
A SIGN OF PEACE
It wasn't all doom and gloom, though.
Riley was asked about Wade perhaps perceiving a level of disrespect from the Heat during these contractual disputes, and it was then that Riley seemed to offer an olive branch. Wade has left money on the table in the past to help the Heat build a competitive team, and Riley acknowledged that commitment.
"Everyone in this organization over the years has sacrificed and probably the one player from that standpoint who has sacrificed a lot for the sake of winning has been him," Riley said. "So, I think we're aware of that, but I haven't heard anything directly — Did you say the word disrespect? — I haven't heard anything about that."
Will Micky Arison pay Wade for that commitment? That's the big question as Wade's opt-in deadline (midnight of June 29) moves closer.
RILEY ON TRADING PLAYERS
In a related bit of news, Riley shot down a report that the Heat would trade veteran players to save against the luxury tax. He then backtracked a bit. It has been reported that the Heat might shop around Mario Chalmers or Chris Andersen to save money against the luxury tax if it needs to pay Wade a max contract.
"Until we find out where we are with the numbers, we like the team that we have," Riley said. "But we also don't like to add by subtraction either. We have a good team, and we could have a great team if we could put everything together. And, so, I don't think we have ever really...I know there were a couple situations. I know that went on with Mike Miller and Joel Anthony, but this is also as much about business as it is about basketball. But right now we're not actively doing anything except for getting ready for July 1."
Last season, the Heat’s offense was handicapped without a consistent three-point shooter off the bench.
Presumably to remedy that deficiency, the Heat selected Justise Winslow with the 10th pick in the 2015 NBA Draft on Thursday. Winslow, a freshman, does other things well besides shoot, of course, but his range is an immediate need. He shot 41.8 percent from three-point range for the Blue Devils, who won the national championship in April.
“For me to land at No.10 and going to South Beach and the Miami Heat organization and Pat Riley, I’m just so excited to go there and win a championship,” Winslow said.
Winslow is the Heat’s highest draft pick since 2008 when the team selected Michael Beasley second overall. Unlike Beasley’s rookie season, Winslow will be joining a team that’s expected to compete for a championship. With a projected starting lineup already in place, Winslow could find himself in the perfect situation for a rookie, as a reserve receiving consistent minutes and with a green light to score.
Beasley didn’t have that luxury and neither did Dwyane Wade.
“I’m going to play with Dwyane Wade and get to play with one of the greatest,” said Winslow from Brooklyn’s Barclays Center after being drafted. “I’m going to try to learn everything I can and win games and put that organization in a winning direction.”
Winslow could play either shooting guard or small forward for the Heat, and that versatility should give the Heat some depth behind Wade and small forward Luol Deng. Of course, the learning curve for Winslow steepens dramatically if either Wade or Luol Deng leaves the Heat during free agency. Neither Wade nor Deng have indicated if they’re returning to Miami next season. The uncertainty adds intrigue to Thursday’s draft selection.
If Wade doesn’t return to Miami, Winslow could be the starting shooting guard or perhaps back up Mario Chalmers. If Deng leaves the Heat, then coach Erik Spoelstra could thrust Winslow into the starting lineup at small forward. The draft is over for the Heat, but in many ways the suspense is just beginning in Miami.
Wade and Deng have until midnight on June 29 to opt into their contracts for the final years of their contracts. Wade has hinted that he will instead become a free agent. Deng’s camp hasn’t given any clues about his decision, but the closer the calendar moves to July, the more likely it becomes Deng will also pursue free agency.
Questions about Wade and Deng’s future in Miami made Thursday’s selection of Winslow all the more valuable for the Heat. When the draft started, few would have predicted Winslow would still be around by the 10th pick. He was projected to go much higher, but team after team passed on the 6-6, 225-pound wing. When the Charlotte Hornets drafted Wisconsin center Frank Kaminsky with the ninth pick, it become apparent the Heat would have a good draft night.
Early on the draft process the Heat’s coaching staff, scouting department and managerial executives identified perimeter shooting as an area of need. Winslow’s profile matched the Heat’s shopping list, but so other players, including Devin Booker, a 6-6 freshman shooter from Kentucky. The Heat went with Winslow because of his versatility.
The Heat shot 33.5 percent from three-point range last season, and the lack of a consistent outside shooter limited Spoelstra’s offense. The previous season, the final season with LeBron James, the Heat shot 36.4 percent from behind the arc. When James left, the Heat’s shooters left with him. James Jones moved to Cleveland with James while Shane Battier and Ray Allen retired.
Drafting Winslow begins to fill the void of those losses while also investing in a player who can potentially develop into a star.
“Offensively, I just pride myself on a being a guy who can do it all,” Winslow said. “Knock down open jump shots from three, getting to the rack, making plays, making good assists, but really making really good basketball plays. That’s what I do and that’s what I look forward to doing it in the NBA.”
Winslow elevated his game in the NCAA Tournament, shooting 50.9 percent from the field and 57.1 percent (8 of 14) from behind the three-point arc. He had 21 points in Duke’s regional final victory against Gonzaga. In Final Four, Winslow had 19 points against Michigan State and 11 points against Wisconsin.
“The lights got brighter and when they got brighter I shined even brighter, so that’s something I pride myself on—being ready for that moment and really just knowing when a team needs me and being able to put a team on my back and come through in the big moments.”
SECOND ROUND PICK
Further bolstering depth on the wing, the Heat selected 6-6 shooting guard Josh Richardson of Tennessee in the second round. The 40th pick of the draft averaged 16 points per game as a senior. Like Winslow, Richardson is an athletic perimeter player. Unlike Winslow, Richardson will not have a guaranteed rookie contract, so he'll have to make the team during training camp.
So, in a previous blog post I pretty much laughed off the idea of Dwyane Wade going to the Lakers this summer, but this morning I'm going to reverse course a bit.
It still seems unlikely to me that Wade would seriously entertain leaving the Heat for Los Angeles, but the idea shouldn't be dismissed out of hand. After all, there is one major faction of Team Wade that would certainly be thrilled with Wade joining Kobe Bryant next season. That entity is Li Ning, Wade's shoe company.
Wade signed with Li Ning during the height of the Heat's popularity, and while his "Way of Wade" shoes have only increased in quality since then, the brand probably benefited by Wade playing with LeBron. Wade's shoes have a niche following here in the United States, but the large majority of the product's sales come from the Chinese market. In China, Wade's shoes are popular, but not anywhere near the top of the market. Among active players, Kobe has long lorded over the Chinese shoe market with LeBron coming in second.
Seen through the prism of sneaker sales, Wade moving to the Lakers starts to make sense. (Well, at least it doesn't seem quite so crazy.) Wade's popularity in China would probably enjoy a substantial bump if he paired up with Bryant for the season-long farewell tour, and that could mean more money through sneaker sales. Wade is already well paid by Li Ning, but he could make much, much more if his shoes surged in popularity.
So, let's play this thing out...Wade opts out of his final season with the Heat, and then flies to China to begin free agency. After a nationwide shoe tour, Wade ends his journey in Shanghai, where he announces with an international press conference that he's joining Kobe in Los Angeles...Wade plays with Kobe, and then Wade headlines by himself in Los Angeles for a few years before finishing his career with the Shanghai Sharks and becoming a Chinese shoe mogul.
Yeah...before we venture any further down this rabbit hole, let me point out that the best way to sell shoes internationally might still be the old-fashioned way, by beating LeBron on the court in the playoffs. The Heat, and its projected lineup for next season, probably gives Wade the best chance of doing that.