Dwyane Wade Exercises Early Termination Option With Heat
Dwyane Wade has opted out of his contract with the Miami Heat.
LeBron James exercised his Early Termination Option earlier in the week and Chris Bosh will also opted out of his contract.
The Heat could have $55 million in cap space to work with in the offseason.
Pat Riley said in a statement: “Today we were notified of Dwyane’s intention to opt-out of his contract and Udonis’ intention to not opt into his contract, making both players free agents. Dwyane has been the cornerstone of our organization for over a decade, and we hope he remains a part of the Heat family for life. Udonis has been the heartbeat of this team for 11 years. He has sacrificed countless times to make this organization successful, and he is the epitome of what this organization stands for. We look forward to meeting with Dwyane and Udonis and their agent in the coming days to discuss our future together.”