7:08pm: Wade is in contract talks with the Knicks and Bucks, sources tell Brian Windhorst of ESPN.com (Twitter link). Wade has a meeting scheduled with the Bucks that will take place sometime next week, Charles F. Gardner of the Milwaukee Journal Sentinel reports on Twitter. A meeting with the Knicks could take place next week as well, Windhorst adds.
Sources tell Ramona Shelburne of ESPN.com (Twitter link) that Wade wants to be compensated for the pay cuts he took in Miami. The Heat remain optimistic about bringing Wade back and their plan is not to replace him with Durant should the 2013/14 MVP sign with Miami. If that happens, the team would look to trade Goran Dragic and Josh McRoberts in an attempt to financially take care of Wade.
The Knicks likely won’t have the cap space necessary to provide Wade with his desired contract, after agreeing to sign Joakim Noah to a four-year, $72MM deal, as Sam Amick of USA Today tweets. Of course, Noah’s deal won’t be finalized until after the moratorium, so the possibility of the big man agreeing to take less with the intent of bringing Wade to New York exists.
Wade seems like a strange fit for the Bucks, but he did play his college basketball at nearby Marquette University. Still, after agreeing to sign both Matthew Dellavedova and Mirza Teletovic, Milwaukee will likely have to make a corresponding move to offer Wade a sizable contract.
9:26am: Dwyane Wade‘s contract standoff with the Heat has given other teams hope of signing him, tweets Adrian Wojnarowski of The Vertical. Several GMs believe the situation in Miami is becoming serious and have submitted multi-year offers to Wade’s representatives. Some are planning phone calls with Wade today in an effort to get him to end his 13-year association with the Heat (Twitter link).
Miami has been unable to give Wade a firm offer because of the uncertainty surrounding free agent center Hassan Whiteside and the team’s pursuit of Thunder free agent Kevin Durant. The Heat resolved the Whiteside situation early this morning when the parties agreed on a four-year maximum deal. They will meet with Durant on Sunday.
It was reported earlier this week that Wade became frustrated after his initial talks with Miami and instructed his agents to contact the Spurs and Mavericks about his possible availability. Wade also had contentious talks with the Heat last summer before agreeing to a one-year deal worth $20MM. The 34-year-old averaged 19.0 points, 4.1 rebounds and 4.6 assists in 74 games this season.