Dwyane Wade Re-Signs With Miami Heat

By Staff  |  07/16/2014

Dwyane Wade

As expected Dwyane Wade isn't going anywhere, as the NBA star re-signs with the Miami Heat.

The team announced the deal Tuesday (July 15), but did not disclose the terms of the deal. However, sources say he agreed to a two-year, $31.1 million deal with a player option for the second year.

Wade took to Instagram to make the announcement, posting a photo of himself with the Heat championship banners above him: "Home Is Where The Heart Is... My Home,My City,My House..#HeatLifer," the caption read.

Wade later released a statement, explaining his decision to re-sign.

"I am proud to have spent every single day of my career as a member of the Miami Heat and to have brought three championship titles to this great city," the statement said. "I've been here through the good times and the hard times. I have confidence in the Miami Heat organization and the team they are building. To all the Heat fans, in Miami and around the world, I know you will continue to show support for our team."

Heat president Pat Riley also commented on Wade in a statement issued by the team to confirm the signing.

"Dwyane has been the franchise cornerstone for this team since the day he arrived 11 years ago," Riley said. "He has shown his commitment to the Heat many times over the course of his career and has always been willing to sacrifice in order to help build this team into a champion. This time is no different. I am ecstatic to have him back in the fold and I am confident that Dwyane, as always, will be leading this team as we look to contend for NBA championships."