Miami Heat guard Dwyane Wade remains a free agent and rumors around him continue to swirl daily.
Wade is juggling discussions with multiple teams including the Heat, according to a a report from ESPN.com. The Heat offered Wade around $40 million for two seasons with a player option in that second year. It is not clear if Wade has received formal offers from other teams as of yet.
Wade is reportedly seeking $50 million for the next two seasons which would put Miami about $10 million short. The problem for the Heat is a lack of cap space. Even if Miami wants to offer $25 million a year to Wade, its not an option at this time. The Heat would need to make trades or utilize the stretch provision to free up room for Wade's salary request.
The defending champion Cleveland Cavaliers are one of the teams with reported interest in Wade. The Cavaliers lack cap room, but it is possible LeBron James could take a substantial pay-cut to play alongside his friend once again. If James was not to do so, the Cavaliers could only offer their mid-level exception which is valued at $3,400,000.
Besides the Heat and Cavaliers, Wade has drawn interest from the Chicago Bulls and Denver Nuggets. The Milwaukee Bucks were also in the running, but Wade has since canceled a planned meeting with the team. It is possible that the Bucks return to the talks again as Wade has links to the area. The guard attended nearby Marquette University prior to joining the NBA.
Miami signed Hassan Whiteside recently and made a run at Kevin Durant as well. While those discussions went on, talks were mostly quiet with Wade and that is a potential roadblock now in renewed talks with the All-Star.