Wade has been extended a two-year, $40 million contract offer to stay with the Miami Heat, a person with knowledge of the negotiations told The Associated Press on Monday.
The second year would be at Wade's option, said the person who spoke to the AP on condition of anonymity because talks are ongoing. The contract, if accepted, would essentially match the career-best $20 million salary Wade made this past season.
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This is the second consecutive summer in which Wade and the Heat have had a rocky time finding common contractual ground, and the issue this time could be more about the length of the deal than the compensation. Wade has left millions on the bargaining table in past negotiations with the Heat, though some of that sacrifice also helped him win championships in 2012 and 2013.
A three-year deal would obviously help him recoup more of what he's given up in the past.
Wade was returning this week to the U.S. from a European vacation, which he shared part of with longtime friends LeBron James and Chris Paul. Wade is scheduled to be in New York and guest-host ''Live With Kelly'' alongside Kelly Ripa on Thursday morning, which coincidentally is the day the NBA's offseason moratorium on player movement expires and new contracts can be signed.
Wade has spent all 13 of his NBA seasons in Miami and has said several times that he wants to spend his entire career with the club. Wade averaged 19.0 points and 4.6 assists this past season, and was an All-Star pick for the 12th time.