Dwyane Wade has received a three-year, $25 million offer to sign with the Zhejiang Golden Bulls in China.
The Heat are limited to either to an offer of the $5.3 million taxpayer mid-level exception for 2018-19 to Wade or the $2.3 million minimum salary.
Wade recently signed a lifetime contract with Li Ning.
Wade has reportedly wanted to remain in Miami as his sons continue their schooling and basketball careers.