Dwyane Wade has decided not to pick up his player option for the 15-16 season to become a free agent.
Wade is seeking a long-term deal and is believed to be far apart on years and dollars with the Miami Heat. Wade is seeking a deal that would average at least $16 million per season over three seasons. The Heat had preferred for Wade to work with the team on a new contract after the 2016 free agency period.
Wade has given up money over the years to help Miami's salary cap to sign other players, including opting out last year.