Report: Wade agrees to contract extension

According to the South Florida Sun-Sentinel, the deal is worth between $75 million and $85 million.

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.