Dwyane Wade Stays In Miami, Agrees To One-Year Deal

Dwyane Wade

The Miami Heat can breathe a sigh of relief, because Dwyane Wade is staying in South Beach... for, at least, one more season.

According to ESPN, the NBA star informed the team on Thursday (July 2) that he will accept their one-year offer to re-sign for $20 million for next season.

Wade has been with the Heat for his entire career. Last season, he averaged 21.5 points per game last season. However, Miami missed the playoffs for the first time since the 2007-08 season.

"It has been an honor and privilege to play with the Miami Heat the past 12 years," Wade said in a statement to the AP. "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."

Wade was scheduled to make $16.1 million this season on the second year of a two-year deal, but decided to opt out in search of a long-term contract, worth more.