Wednesday , Jul , 12 , 2006 C.Y. Ellis

Wade agrees to contract extension

Miami, FL (Sports Network) – Fresh off leading Miami to its first ever
championship, all-star guard Dwyane Wade has agreed to a contract extension
with the Heat. Per team policy, terms of the deal were not disclosed.

According to the South Florida Sun-Sentinel, the Heat offered Wade a
maximum extension of five years and about $80 million at the start of the
negotiating period. However, it is believed that Wade inked a similar deal to
that of Cleveland’s LeBron James.

James signed a smaller three-year contract with an option for a fourth season
on Wednesday.

The 24-year-old Wade collected the Finals MVP after averaging 34.7 points and
7.8 rebounds as Miami beat the Dallas Mavericks in six games. He is set to
make $3.8 million next season in the final year of the contract he signed as a
rookie in 2003.

In 75 regular season games, Wade averaged a career-high 27.2 points and 6.7
assists during the 2005-06 campaign.

Wade, Miami’s first round draft choice — fifth overall — in the 2003 NBA
Draft, has averaged 22.9 points, 6.1 assists and 5.0 rebounds in 213 regular
season games. He owns single-season Miami franchise records for points scored,
scoring average, field goals made, free throws made and free throws