FavoritesSettings

Play2:50
Steve Mitchell/USA TODAY Sports

Report: Wade back to Heat on 1-year, $20M deal

An Associated Press source says Dwyane Wade informed the Heat on Thursday that he will accept a one-year offer to re-sign for $20 million for next season.

Play
Latest on LaMarcus Aldridge (1:36)
Play
Tim Duncan to return for 19th season (0:45)

Now

Marc Stein on Spurs' pursuit of Aldridge

"The Spurs don't usually jump into these free agent frenzies. This is the first time they've done this since 2002 with Jason Kidd." Free agency special on ESPN2

Cameron Browne/NBAE/Getty Images

NBA free agency special

Did you miss anything from Day 2 of free agency? Cassidy Hubbarth, Chris Broussard, Tom Haberstroh, Tom Penn and Antonio Davis are ready to catch you up. Live on ESPN2/WatchESPN

No typical Thursday night for Aldridge

It's been an eventful day for the prized free agent -- and it's still going on.

Heat, Lakers to meet with Aldridge

Ramona Shelburne with the latest on Aldridge, who will meet with Heat president Pat Riley: "When Pat Riley gets in a room, you never know what can happen. A couple years ago he ended up convincing Dwyane Wade, LeBron James and Chris Bosh to all sign with Miami."

Play1:36

Marc Stein @ESPNSteinLine

Wizards are expected to take Dudley's contract into a trade exception so it only costs them a future second-round pick to bring Dudley in

Marc Stein @ESPNSteinLine

Wizards obviously have a huge void on the wing and in terms of vet leadership now after Paul Pierce's decision to go home and sign w/Clips

Marc Stein @ESPNSteinLine

On the last day before free agency began, Dudley opted into the final year of his contract at $4.25 million this coming season. Wizards ...

Marc Stein @ESPNSteinLine

ESPN sources say that the Washington Wizards are closing in on a trade for Milwaukee's Jared Dudley. On course to be completed July 9

Dwyane Wade on staying in Miami

The Heat guard released a statement that said in part: “The HEAT family and I have shared incredible moments over the years and I look forward to continuing our journey. I am extremely proud of my personal contributions in helping to build the HEAT franchise and for bringing three NBA championship wins to our great city.”

Isaac Baldizon/NBAE via Getty Images

Mike Mazzeo @MazzESPN

Sources: #Nets have actively shopped Joe Johnson in the last two days. But teams leery of taking on his contract and gutting their team.

Grantland on Thomas Robinson

After agreeing to a minimum-salary deal with the Nets, Thomas Robinson is headed to his fifth NBA team in four seasons. Will the No. 5 overall pick in the 2012 draft finally find a home? The traveling man

Andrew D. Bernstein/NBAE/Getty Images

Wade betting on himself with 1-year deal

ESPN's Ramona Shelburne discusses Dwyane Wade's one-year, $20 million deal with Miami: “I can see why this deal makes sense -- they’re sort of giving him back some of the money he’s left on the table. But he did not get the long-term stability he was looking for."

Play2:50

J.A. Adande @jadande

This is Pat Riley's version of soft and sentimental. Wade had little leverage, but Riley gave him a $4 million raise. For one year.

Latest NBA free agent news

  • Damian Lillard agrees to 5-yr/$120M extension with Trail Blazers
  • Dwyane Wade: agrees to 1-yr/$20M contract with Heat
  • LaMarcus Aldridge (POR) has second meeting with Lakers, will meet with Heat
Free-agency tracker

Joe Murphy/NBAE/Getty Images

Lillard, Blazers agree to extension

PG Damian Lillard has reached a 5-year extension worth $120 million to remain with the Trail Blazers. Lillard averaged a career-high 21 points per game last season.

Joe Murphy/NBAE/Getty Images

J.A. Adande @jadande

Even @ $20 million Dwyane Wade still won't have honor of being Heat's highest paid player (Bosh at $22M) but he can buy gold-plated tissues

Wade signs 1-year deal to stay with Heat

Dwyane Wade agreed to a one-year, $20 million contract with Miami, according to The Associated Press. The SG averaged 21.5 points and 4.8 assists per game last season.

AP Photo/Lynne Sladky

Mike Mazzeo @MazzESPN

#Nets had been interested in Robinson from the start of free agency. And, of course, the draft and last season before Philly snatched him up