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Dwyane Wade re-signs with Miami Heat

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POSTED July 15, 2014 11:24 p.m.

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 The Associated Press 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.”



Bulls use amnesty
clause to cut F Boozer

CHICAGO (AP) — The Chicago Bulls said goodbye to forward Carlos Boozer on Tuesday, using the amnesty clause to cut the veteran forward after four seasons with the team.

Boozer came to Chicago in a sign-and-trade deal with Utah in July 2010. The two-time All-Star averaged 15.5 points and nine rebounds in 280 games with the Bulls.

He had one season left on a five-year deal worth roughly $75 million. The amnesty clause allows a team to waive one player during the current labor deal and have 100 percent of his salary taken off the cap and the tax. The 6-foot-9 power forward is still owed the money.



Miller, Cavs agree
to 2-year deal

CLEVELAND (AP) — Mike Miller had choices. None of them was better than playing with LeBron James again.

Miller has agreed to a $5.5 million, two-year contract with the Cavaliers, re-uniting the sharpshooting forward with James, his former teammate in Miami. Miller’s contract includes a player option in the second year, a person familiar with the negotiations told The Associated Press.

The person spoke Tuesday on condition of anonymity because the deal is not yet signed. Miller will make $2.7 million next season, and the option is worth $2.8 million, the person said.



Wizards send Ariza to Houston in 3-team trade

WASHINGTON, D.C. (AP) — Houston’s attempts at landing a third offensive threat this NBA offseason finally paid off in the return of forward Trevor Ariza.

The Rockets acquired Ariza as part of a three-team trade that was announced by Washington on Tuesday, bringing the 6-foot-8 forward back to where he averaged a career-high 14.9 points during the 2009-10 season.

Ariza will join Houston in a sign-and-trade in a deal also involving New Orleans and the Wizards.



Mavs officially sign forwards Nowitzki, Parsons

DALLAS (AP) — The Dallas Mavericks have officially signed forwards Dirk Nowitzki and Chandler Parsons.

The 36-year-old Nowitzki’s contract is for three years and $30 million, with a player option for the final season. It’s similar to the deal Tim Duncan signed with San Antonio two years ago. The 38-year-old Duncan recently exercised the option after the Spurs won their fifth title with him.

Tuesday’s announcement of the contracts came five days after the Mavericks signed Parsons to an offer sheet worth about $46 million over three years. Houston declined to match the offer to the 25-year-old restricted free agent.

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