Three days after reports filed in about Dwyane Wade being offered a “monster deal” by a team in the Chinese Basketball Association, facts have emerged that the Zhejiang Golden Bulls are prepared to sign the 36-year-old Wade to a three-year contract worth $25 million.
That amount averages out at $8.3 million per year for each of those three years.
While that is no monster deal by NBA standards, it is, nevertheless, worth more than what Wade could possibly earn if the Miami Heat signs the 12-time NBA All Star to a contract this summer.
The Heat are already $4 million over the $123 million luxury tax. According to Ira Winderman of the Sun Sentinel, the most amount the Miami Heat can offer the 6’4 veteran shooting guard is $5.3 million per year for the taxpayer mid-level exception.
“The Heat are operating above the NBA salary cap and are limited 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 for a player of Wade’s 15-season NBA tenure.”
Wade started his career with the Miami Heat, where he has spent most of his professional years, with two seasons split between Chicago and Cleveland.
While the money being offered by the Golden Bulls could be an attraction, considering it is more than what the Heat can offer, it may not be enough for the former no. 5 pick in the 2003 NBA Draft to make a career transition to China due to his family and business obligations in the United States.
Wade who just signed a lifetime deal with Li Ning, his shoe sponsor, was in China for a 10-day period promoting his signature line for the sneaker company when the Xinjiang Flying Tigers, also a team in the CBA, contacted him about playing for them. The Zhejiang Golden Bulls, the team that reportedly made the $25 million offer, have had a number of American players suit up for their franchise over the years such as J.R. Smith, Mike James, Eddy Curry, and Josh Boone.
While Wade has not given hints regarding his position on the offer from the Chinese team, he has, however, said that he is open to making moves he has not done before. He told the Associated Press last Saturday that he is concerned more about his career after basketball and would make decisions now that would put him in a better position for the future.
“Right now, I’m focused on the game after basketball. Whatever happens in basketball, it happens. I’ve done everything that I can to this point to put myself…in this position I am today, where I can do something that hasn’t been done globally yet.”
His longtime teammate Udonis Haslem, who was also with him in China, has shown interest in playing overseas, which includes the Chinese Basketball Association. Both Wade and Haslem, 38, are free agents.