Henry Thomas Rumors
While Wade addressed the students, he did not discuss his impending opt-out decision, which must be made by the end of the month. Despite Wade’s agent, Henry Thomas, confirming ongoing discussions regarding Wade’s contract status, neither Wade nor the Heat have commented publicly. Wade is due $16.1 million next season on the final year of the two-year contract he signed last summer in the wake of LeBron James’ free-agent departure to the Cleveland Cavaliers. That contract included the right to terminate the deal by the end of this month and become a free agent July 1.
Meanwhile, Henry Thomas continues to talk to the Heat about Wade’s contract. Wade prefers to opt out a contract that would pay him $16.1 million next season and instead sign a new three-year deal, preferably with the Heat. The Heat prefers he opt into the contract. Wade must inform the Heat of his opt-out decision by June 29. So the Heat can keep working to try to convince Wade to opt in, but his preference to opt out has been pretty strong to this point.