Miami Heat Overpaid for Dwyane Wade

We all expected and pretty much knew that Dwyane Wade would resign with the Miami Heat.  The question was for how much money and for how many years given that his game has clearly declined in large part due to injury and the fact that he turns 33 this upcoming season in January.  My answer was that Wade would have to sign for no more than $10 million a year because of those factors plus the ability to bring in more players to keep the Heat on fire for years.

It appears to me that the Miami Heat paid Wade for a job well done, not a job that he'll do well from here on out.  The exact parameters of the deal aren't completely clear but the word is that Wade will get an average of $15 million per season over the next two years.  There seems to be an option after the 2015 season, perhaps for more cap space but are you kidding me!  Dwyane Wade was a great player.  He isn't anymore folks.  He's the same player but with less ability and the man cannot stay healthy.  Being that Wade has dealt with and played through multiple injuries in his earlier years only leads me to believe that more trouble is coming for a guy who missed a third of last season just to rest so come NBA Finals time he'd be ready to go.  Nope, didn't happen.  Perhaps the nickname "Flash" was appropriate for Wade because that's all he can give you now.  Just a flash of what he used to be as he goes on short spurts where he looks like the Wade of old, when he was young!

The 11 year pro put Miami on the map in the basketball universe.  He was named MVP when they won the title in 2006 and has been a huge part of the recent four year run with the Big 3 by going to four consecutive championships and winning 2 of them.  If not for Wade then it's safe to say that LeBron and Bosh likely wouldn't have taken their talents to South Beach.  I credit Wade for bringing in those guys more than I do Pat Riley.  Not to mention that Pat Riley absolutely loves Dwyane and calls him the cornerstone of the franchise as he was drafted by Riley in 2003.  Riley and Wade both consider #3 a Miami Heat lifer!  Pat Riley praises Wade and talks about him as the ultimate professional and a man who has sacrificed so much for the betterment of the Miami Heat franchise.  Maybe that's why they decided to overpay him so much money!  Because I'll tell you right now that none of the other 29 NBA franchises were going to pay a potential 6th man the amount of money reported that Wade will receive from the only team he ever played for in his pro career.

Now I understand that he opted out of a $20 million a year deal with hopes that LeBron would also resign with the Heat.  He and the Heat got burned on that one.  Just for example, as Wade signed for $15 million a year and will be 33 years old this season, Dirk Nowitzki took a tremendous pay cut to stay with the only franchise he's ever played for in the NBA in the Dallas Mavericks.  Yes Dirk just turned 36 years of age but his contract is reported to be $25 million over the next 3 seasons.  For those who cannot multiply or need to buy a calculator, that's a little over $8 million a year.  Now that is exactly what Wade should have signed for in my opinion.  I don't want this to sound like I'm bashing on Dwyane Wade and it appears I am.  I am just being objective here and weighing out his worth to the team and what the team is worth to him both financially and emotionally.

Wade went on Twitter and said "Home is where the heart is...My Home, My City, My House."  No doubt Wade, it is your house so get a comfortable chair for all those minutes you'll be sitting in your house watching the Heat play ball as if he were laying on the couch like my sorry butt does.  He called American Airlines Arena "My House."  He wasn't saying that when LeBron was there for 4 years.  Wade deferred to the superior LeBron and again made a sacrifice for the team that ultimately won them back to back titles in 2012 and 2013.  I wonder if he kept his mouth shut about who's house it is because LeBron was clearly the better player or he didn't want to hurt his buddies feelings in any way.

The only thing I've ever been critical of regarding Wade's game is that he plays a bit dirty.  I've seen him get filthy out there with flying elbows, karate kicks as he drives to the whole and an overall physical style of play that has finally caught up to him as far as injuries are concerned.  He's very efficient but at the same time reckless when he plays basketball as he often exposes his body to get cracked in the ribs or bashed on the arm, head or ankle.  Wade's best days are behind him but he's being paid as if they're in front of him.

The last thing to say is that the way the contract will be structured will only be for 2 years as the new Collective Bargaining Agreement is projecting a raise in teams salary cap which is why so many players are signing 2 year deals.  So Wade, being the classy guy he is left room open to get other players and have flexibility with the organization.  The Heat resigned Chris Bosh for a ridiculous amount of money but they almost had to make this deal because losing Bosh would be a killer for the team.

Despite what many think, Chris Bosh is a top 20 NBA basketball player.  We'll see that this season as he will be able to play his game which in turn will help the team.  Bosh got $118 million over the next 5 years.  It's insane but like I said it was necessary.  As far as Wade's contract in which he's set to make over $15 million this season, I'm looking forward to the exact dimensions of the deal and how much money he'll be taking off the salary cap each season.  Lastly if he's a Heat lifer than his life with the NBA won't last much longer.  I can see Wade retiring in 2 or 3 years based on his success, his legacy in Miami and unfortunately all the injuries he's endured over the years will likely force Wade to retire a little earlier than he may have originally thought.  Either way, Dwyane Wade is a god down in South Florida and next to Dan Marino may be the Sunshine States favorite all time star.

6 comments:

  1. As has been widely reported, Wade shot a career high FG % last season. He missed a ton of games last year, but not b/c he couldn't stay healthy, but rather as part of planned recovery program from a non-structural injury. The claims that "he can't stay healthy" are borne of ignorance about the procedure he underwent. Realistically, we should expect that the Wade that returns this coming season will average 20 - 24 pts per game, 5 - 6 assists and 5 - 6 rebounds with a shooting % among the league leaders for SGs. And without missing all those DNP coaching decision games .In other words, very close to the same great player he's always been. He won't have the explosion of his youth, but of course, but the claims that he's done or not still one of the best are premature.

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    1. all your points match what I'm saying and Paul said it. If you want to reward Wade then give him money under the table. He's not worth that money now because he doesn't play full seasons anymore. With LeBron gone he may have to play more and all of his stats will drop especially FG %. I'm glad you commented on this and a healthy debate is always great. Thanks!

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  2. Best quote I ever heard about players in this situation in regards to building a championship team "you don't pay a player for what he did, you pay him for what he can do".

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  3. Wade was better than LeBron in the first year of the Miami Heat. I think Wade will bounce back but not on a long term basis. He's got three years left at the max but could make another Finals appearance because the East is wide open.

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    1. yea the east is way more open now. The Heat are still contenders along with Cleveland, Indiana, Chicago, maybe Toronto and even the Wizards. Wade is a great player but he simply cannot do it all the time. He has too many injuries, sits too much and his game is nowhere where it was in 2011, 2012. He's on a steady decline, however he's still going to be effective at times, just not every game so it's a rough situation. He's just so beloved in Miami that he'll keep getting paid and retire in 4 years with the Heat. He'll be completely done by 2018 the latest.

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