Ethan Sklonick of Bleacher Report said in a video interview that the Miami Heat will likely ask Dwyane Wade to take a pay cut this summer. Wade and the rest of the Big Three can opt out of their current contracts and become unrestricted free agents this offseason.
In this case Wade would opt out of his current deal with two years left and sign a more long-term contract with less money per year.
“I do believe they will try to get him to opt out of that, or at least talk to him about signing an extension and getting some money on the back end of the deal,” Skolnick said. “I think something around the range of four years, 56 [million dollars], four years 50 [million dollars]. He can only be signed up to four years anyway, but that would give him some more protection at the back end of his contract.”
Wade has struggled with his health the last few seasons and had a rough outing in the NBA Finals. Trading some money up front for a long-term contract might be a good move for the 32-year-old.
If the Heat sign Wade to Skolnick’s proposed contracts, that would give him $12.5-14 million per year through 2018. Currently, Wade is set to make $20.1 million next season and $21.7 million in 2015-16. It would be a smart decision by Wade, who may not be worth that much in the final years of that deal.