10:03pm: Wade has a meeting scheduled on Wednesday with Nuggets officials that will take place in New York, Wojnarowski tweets.
7:34pm: The Nuggets have offered Wade a contract worth more than $50MM over two years, Marc Stein of ESPN.com tweets. Denver is holding out hope that the veteran shooting guard will accept its bid, the scribe adds.
12:37pm: Wade’s representatives have told teams that their client is seeking a two-year, $50MM contract, reports Brian Windhorst of ESPN.com, adding that the Nuggets and Bulls continue to stay in touch with Wade, who is also talking to the Heat. Adrian Wojnarowski of The Vertical, meanwhile, reports that the veteran star is prioritizing a guaranteed third year in contract talks. Either way, it sounds like a two-year, $40MM offer won’t get it done.
The Bucks currently aren’t involved in the bidding for Wade, and while there have been rumors about the Cavs, there’s no traction between Wade and Cleveland at this point, according to Windhorst. Per Wojnarowski, the Bulls and Wade have talked about setting up a face-to-face meeting but nothing has been scheduled.
As for the Heat, Ira Winderman of The South Florida Sun Sentinel tweets that they seem to want to hold firm on two years for Wade, even though they may be willing to include a player option and do another two-year deal next summer.
10:58am: Dwyane Wade has canceled a previously-scheduled Wednesday meeting with the Bucks, according to ESPN’s Zach Lowe (Twitter link). Lowe’s report follows up on a tweet from ESPN’s Brian Windhorst, which suggests that Wade has canceled more than one free agent meeting. However, it’s not clear what other team(s) had been set to meet with the veteran guard.
Despite the fact that Wade played his college ball at Marquette, it always seemed like a long shot that he’d seriously consider signing with the Bucks this offseason after spending his entire career in Miami. After Kevin Durant opted not to sign with the Heat, Miami reportedly increased its offer to Wade to two years and $40MM, getting a little more serious about negotiations with the former Finals MVP. Although he didn’t accept that offer, Wade’s decision to cancel his meeting with the Bucks may hint that he and the Heat are moving closer to finding common ground.
Outside of Milwaukee and Miami, several teams have been linked to Wade since free agency began, including the Nuggets, Knicks, Bulls, and Mavericks. Of those teams, only Denver still had the cap space to pursue Wade. There has also been speculation that the Cavaliers could have interest in LeBron James‘ former teammate, though those whispers have been unsubstantiated. Even if Cleveland did explore that possibility, the team would have to trade multiple contracts in order to be able to offer Wade a decent salary.