The Cavs are happy to talk to Wade, but they don’t have a lot of options without dramatically overhauling the roster. As of now, they can only offer Wade the taxpayer’s midlevel exception worth $3.47 million. He can command more than $20 million annually from other teams in free agency.
The Cavs can’t offer Wade that much without a dramatic move, such as trading Kevin Love. Not even dumping Iman Shumpert and his $9.7 million will free up the necessary cap space to pursue Wade with anything other than the taxpayer’s midlevel.