Wade, Bosh team up
They decided they want to play together.
And so the two All-Stars agreed to sign with the Heat and are still hoping LeBron James will join them. Wade said it was very difficult to decline an offer from the hometown Chicago Bulls, but he ultimately was influenced largely by Bosh’s decision to join him in Miami.
Bosh informed him of that decision Tuesday.
Wade also said his family is on board with his decision, which was very important to him.
“We both decided we want to play together, and this is the city,” Wade said in a joint announcement with Bosh on ESPN on Wednesday afternoon. “Today we wanted to let the Miami Heat fans know what they can look forward to for next year. It’s going to be a great time down here on South Beach. This decision is about winning and winning multiple championships ... . I am one of the luckiest men in the NBA.”
Said Bosh: “Dwyane’s a winner. I’m a winner. We’re going to bring a winner to Miami.”
Wade said he did not know if James will join them in Miami, but made one last pitch. “It’s no secret me, Chris and LeBron are good friends,” Wade said. “Of course, we would love for LeBron to join Miami. At the same time, LeBron will make his own decision.”
James will announce his decision at 8 p.m. CDT today on ESPN.
The Heat is under the impression that it is still in the running for James, though most reports have Chicago or Cleveland as the front-runner.
Wade and Bosh said they have not formalized terms of their contracts, but Wade will receive a maximum six-year, $125 million deal. Bosh likely will receive either a five-year, $96 million deal or a six-year, $125 million contract, the latter amount if the Heat and Raptors can work out a sign-and-trade. There is a possibility Wade and Bosh could take slightly less if James agrees to join the Heat.
The Heat and Raptors were working Wednesday morning on a sign-and-trade that potentially would involve Michael Beasley, Mario Chalmers and/or draft picks, including the first-round pick that Toronto sent to Miami in the 2009 Jermaine O’Neal trade.
Source: Boozer joining Bulls
Carlos Boozer is headed to the Chicago Bulls.
A person familiar with the negotiations told The Associated Press that the two-time All-Star forward agreed to a deal on Wednesday and is leaving the Utah Jazz after six seasons. The person, who spoke on the condition of anonymity because the contract doesn’t become official until Thursday, did not reveal the terms.
Boozer becomes the latest chip to fall on a day when Dwyane Wade and Chris Bosh confirmed they will play in Miami next season.
The jewel of this star-studded free-agent class, LeBron James, is still out there. While everyone awaits his announcement tonight, the Bulls at least know they’re not coming away empty-handed after landing Boozer.
With about $30 million in salary cap room, the Bulls were looking to make a big splash in free agency after back-to-back first-round playoff exits.
Boozer averaged 19.5 points and 11.2 rebounds last season. His arrival gives the Bulls a formidable pair in the frontcourt with Joakim Noah, not to mention a good pick-and-roll partner for All-Star point guard Derrick Rose.
Durant reaches new deal
Kevin Durant didn’t go for a spectacle in announcing where he’ll be for the next five years. Instead, Durant simply posted an update on his Twitter page Wednesday, saying he’d agreed to a five-year contract extension with the Oklahoma City Thunder. Durant can’t sign the deal until today.
A spokeswoman for Durant said he will receive the maximum deal possible, which is $85 million over five years. She said the contract has no opt-out clause after the fourth year.
NBA salary cap $58 million
The NBA salary cap for next season has been set at $58 million, a higher number than projected. The cap went into effect at 12:01 a.m. today, ending the league’s moratorium period and allowing free-agent contracts to be signed.
The cap earlier had projected to be $56.1 million.
The mid-level exception is $5.8 million