The Herald reports that there is a "significant difference" between what the sides believe Wade should be paid over the next three seasons.
Wade has until late June to decide whether to opt out of a $16.1 million option for the 2015–16 season. The Herald reports that Wade would like to opt out in the hopes that Miami would then give him a three-year contract, however it "does not appear to be the Heat's preference."
From the Herald:
The Heat want to keep him but believes that paying him what he's seeking would dramatically reduce its flexibility to add additional players during the summers of 2016 and 2017.
Wade signed a two-year, $31 million deal last off-season after opting out of the final two years of his contract, which would've paid him $41.6 million.
The 33-year-old has spent his entire 12-year career in Miami. Wade averaged 21.5 points, 4.8 assists and 3.5 rebounds in 62 games this season.
- Molly Geary