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Wade agrees to Heat deal

AP

Dwyane Wade is staying with the Miami Heat, and his latest deal is designed to give both the player and the only franchise he’s ever known some flexibility in the coming years.

Wade signed a new contract with the Heat on Tuesday. It’s a two-year deal, the second of those seasons a player option, said a person familiar with the situation. The person spoke to AP on condition of anonymity because neither side announced terms.

“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,” Wade said in a statement. “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.”

Earlier Tuesday, Wade tweeted “Home Is Where The Heart Is . . . My Home, My City, My House” and attached a photo of himself standing below the three NBA championship banners that hang at Miami’s home arena.

Financial terms were not announced, though it’s expected Wade’s salary for next season will not reach the $20.2 million he would have made under his previous contract.

Heat president Pat Riley confirmed that Wade again bought into the Heat mantra of sacrifice. The contract he signed four years ago left millions on the bargaining-room table, in part to make the deals with LeBron James, Chris Bosh and Udonis Haslem happen.

“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.”

Wade’s return was expected, yet still represents a huge win for Miami during free agency — especially since it comes less than a week after James left the Heat after four seasons and returned to the Cleveland Cavaliers.

So now, what was the “Big 3″ is a “Big 2.” Bosh is in the process of finishing a $118 million, five-year contract with Miami.

Also Tuesday, the Heat signed Luol Deng to a two-year, $20 million deal, which was agreed to over the weekend.

“Luol Deng is one of the most important free-agent signings that we have ever had in the history of the franchise,” Riley said. “He is a proven All-Star and quintessential team player, both as a scorer, as well as an All-NBA defender. He brings the attitude of a warrior and competes every single night against the very, very best.”

Wade is entering his 12th Heat season and is the franchise’s all-time leader in games, points, assists and steals. He and Haslem, who is also expected to complete a new two-year contract with Miami in the coming days, are the only players to appear on all three of the Heat teams that won NBA championships in 2006, 2012 and 2013.

Warriors open Love talks

Las Vegas AP

The Minnesota Timberwolves and Golden State Warriors have reopened trade talks for All-Star forward Kevin Love, a person with knowledge of the situation told AP on Tuesday.

With most of the NBA in Las Vegas for summer league games, the two sides have had a chance to meet face-to-face to talk about a deal mentioned as a possibility for more than a month. The person requested anonymity because both teams are not publicly commenting on trade discussions.

Timberwolves president and coach Flip Saunders was seen talking to Warriors GM Bob Myers at the arena on Sunday as the two sides look to bridge the gaps that caused discussions to stall. The Warriors have been reluctant to include shooting guard Klay Thompson in any package, which has been considered a deal-breaker for the Timberwolves.

It remained unclear if the Warriors have changed their position on Thompson in the new talks.

The Timberwolves also have been talking to the Cleveland Cavaliers, who so far have been unwilling to include Andrew Wiggins in any offer.

The Warriors and Wolves have been talking about Love, a three-time All-Star who can opt out of his contract at the end of next season, since well before the draft last month. So far, the Warriors have discussed veteran forward David Lee, reserve swingman Harrison Barnes and future draft picks as potential compensation for Love.

But Saunders has been adamant that Thompson, a 24-year-old shooter who plays a huge role in the Warriors’ perimeter defense alongside fellow “Splash Brother” Stephen Curry in the backcourt, be the main piece coming back to get him to part with Love.