Wade Seeking $50 Million Deal

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Published on July 6 2016 6:48 am
Last Updated on July 6 2016 6:48 am

BY ESPN

Dwyane Wade's representatives have told teams that the All-Star shooting guard is seeking a deal worth around $50 million over two years, currently leaving the salary cap-strapped Miami Heat short, sources told ESPN.com.

The Denver Nuggets and Chicago Bulls, in addition to the Heat, continue to be in talks with Wade, but Denver and Chicago both have more cap space than Miami.

The Nuggets have offered Wade a two-year deal north of $50 million, league sources told ESPN's Marc Stein, with Denver still holding out hope that he accepts it.

The Heat recently raised their offer to two years and approximately $40 million.

Though there have been rumors that Wade is talking to the Cleveland Cavaliers, there is no traction between the parties, sources said.

Wade and Cavaliers free agent LeBron James were very publicly vacationing together last week, but sources told ESPN's Ramona Shelburne that James is not actively recruiting him to play in Cleveland.