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Dwyane Wade to accept one-year, $2.4M deal from Heat

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The move will help the Heat, a team operating above the luxury tax threshold.

Philadelphia 76ers v Miami Heat - Game Four Photo by Mark Brown/Getty Images

Despite rumors that Dwyane Wade would return to the Miami Heat on a $5.4 million contract, the Miami Herald reports that Wade will accept the veteran’s minimum offer of $2.4 million to return for the 2018-19 season.

The Miami Herald’s Barry Jackson said that Miami was already $4 million over the punitive luxury tax threshold before agreeing to sign the 2006 NBA Finals MVP. Wade’s agreement to take less money will benefit the Heat, just as it did when he took less money in 2010 to facilitate signings of LeBron James and Chris Bosh.