The Miami Heat have re-signed Dwyane Wade, the team announced Tuesday. The deal, expected to be a two-year deal around $16-17 million per season including a player option in year two, was reported earlier in the day.
“Dwyane has been the franchise cornerstone for this team since the day he arrived 11 years ago,” said Heat President Pat Riley in a statement. “He has shown his commitment to the Heat many times over the course of his career and has always been willing to sacrifice in order to help build this team into a champion.
“This time is no different. I am ecstatic to have him back in the fold and I am confident that Dwyane, as always, will be leading this team as we look to contend for NBA Championships.”
Wade turned down $42 million over the next two years and opted out of his contract earlier this offseason. Re-signing for the reported pay cut over the same amount of years shows that Wade has made yet another sacrifice for the organization (especially when you consider that Chris Bosh re-signed for the maximum five-year, $118 million deal).
#WadeCounty is back in Miami, people.