Saturday, July 10th, 2010 at 12:41 pm  |  128 responses

LeBron, Bosh, Wade Take Less Money

by Ryne Nelson

Amidst the hysteria and celebration last night, LeBron James, Dwyane Wade and Chris Bosh made their reign over the city of Miami official by signing six-year contracts.

According to ESPN, Bosh and James will earn $110 million, while DWade will earn $107 million, with each of them taking roughly $15 million less than the max.

The Heat’s two newest superstars signed matching six-year, $110.1 million contracts, sources told ESPN The Magazine’s Ric Bucher. Dwyane Wade took an even bigger discount to stay in Miami, signing for six years and $107.5 million, according to the sources.

Sources told ESPN.com’s Chad Ford that James and Bosh are scheduled to make $14.5 million and Wade $14 million in 2010-11.

Each player took $15 million less over the life of the contract to sign with Miami, but the deals came with a caveat.I t was a party in South Beach on Friday night as Chris Bosh, Dwyane Wade and LeBron James donned Miami Heat jerseys at a welcoming celebration.

All three contracts, sources told ESPN.com’s Marc Stein, have an early termination option after the fourth season that would allow LeBron, Bosh and Wade to return to free agency in the summer of 2014. Each player also possesses a player option entering the final season of the contract (2015-16).

Other than the three second round rookies the Heat selected this June, the rest of the roster is looking scarce. Not that it won’t or can’t fill out quickly. Mike Miller and Mario Chalmers are more than serviceable pieces who could potentially start. Udonis Haslem will likely be re-signed.

Jason Williams, Raja Bell and Zydrunas Ilgauskas are all possible veteran adds the Heat can make for minimal money.

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  • http://www.slamonline.com J

    so for bill breedley’s nonsense-moronic-cant-be-considered-an-argument statement kobe wont be considered goat unless he gets another at least 5 chips?? how moronic..

  • al

    let’s sign dennis rodman and make this circus official

  • al

    rony seikly to..

  • JTaylor21

    Damn bill you killing me with your moronic talk. Kareem is in no one’s top five? What more does Kareem have to accomplish for him to get more love. He has done more than anybody in history has even the great MJ would look at kareem numbers and say damn. Why are clowns like you so quick to gas up MJ as the so-called greatest, kobe as even anywhere near the greatest but downplay what that captain did for two decades. There is no one SINGLE GREATEST player, never have never will be. U want stats, kareeem got em, rings, got em too, awards, that too. Also moses was a straight beast don’t forget that. A automatic top-5 center in league history which says alot. Maybe your true papi (the black serpent) can tell u that.

  • http://www.threadsandkicks.com.au Eduardo

    LeBron could have signed for another 4 yeas with the Cav’s and they could have won it. They would have won it after the questionable play from LeBron in the 3 last games against Boston. Remember this was the same Cav’s team that beat the Lakers by almost 30 points on Christmas Day. LeBron didn’t beat that Laker team on his own. If he had signed a 4-5 year deal with the Cav’s and he hadn’t won people wouldn’t have minded it if he had left Cleveland at still a young 30. Kobe is still arguably an MVP at 31 even still a few more years.

  • bill breedley

    I love the Cap and all, but who gives him the respect that goes to Russell and the likes. He may be alltime scorer with a bunch of rings, still an unfortunate fact that he isn’t in the GOAT conversation. He should be but he ain’t. Sad fact of life.

  • bill breedley

    Hence bron is going to be treated the exact same way

  • http://Slamonline.com Bryan Crawford

    @Jukai… Way to plagiarize Scoop Jackson word for word @ 12:19

  • james

    despite taking “less” lebron and bosh are still earning more than they would if they took max in cleveland/toronto because of floridas lack of income tax. so really no, they aren’t taking a pay cut at all. probably wouldn’t have been so keen to take a paycut in another state methinks.

  • http://www.triplejunearthed.com/dacre Dacre

    LeBron James and Dwayne Wade can be entered into the discussions of MJ/Bulls lore and considered as great a duo as Michael Jordan and Scottie Pippen ….ONLY after 6 championships. Cut the hate.

  • Ed LOmax

    Those Laker / Celtic teams of the 80′s were PRETTY STACKED, no? Kareem, Magic, Worthy etc, Bird, McHale, Parish…. These teams regularly had multiple representatives at All Star games, top 50 listers, Hall of Famers. All in their “peaks”. IMO Mikes first 3 rings were won with fairly weak squads (obviously discounting PIP). I think that as GREAT as they were, Magic and Larry Legend both had GREAT support. Even Detroits championship teams in the late 80′s were pretty deap. I guess my point is that dynastys like the Celtics and Lakers were built on securing the best of the best, and then get cheered by few and hated by many.

  • http://myspace.com/weezyleezy337 GametimeWeezy

    To BE the best you have to BEAT the best.

  • Pingback: SLAM ONLINE | » Hot Topics

  • I am the walrus

    Oh poor, spoilt millionaires. Only making $14,000,000 next season (Note the sarcasim). Seriously, the NBA should lower the salary cap because no athlete is worth that kind of money…

  • http://slamonline.com The Black Rick Kamla

    if they were really about this championship ring stuff, they’d each take 80 mil and use the rest to beef up the roster…..just saying. #gohardorgohome

  • http://slamonline.com The Black Rick Kamla

    …did i just use a twitter hashtag on Slam expecting it to work??? *slaps myself* :(

  • Sean Whitley

    I suppose you can compare the situation at the Heat to that of the Celtics a couple of years ago. I vividly remember reading that the Celtics would win 3 or 4 chips, but they didn’t did they? So unless they get a solid PG who ISN’T Mario Chalmers I refuse to believe the hype. (I’m a Lakers fan by the way)

  • http://slamonline.com The Black Rick Kamla

    @walrus, its a free market baby, thats capitalism. Your worth what they’ll pay

  • Str8in It Out

    Just want to say Jukai’s full of it. Kareem didn’t leave LA to play with Magic, Kareem was already there when Magic was a rookie. Magic was huge in the chip clinching game in his first year. LBJ is no Magic. And Magic, Bird, Isiah Thomas played in a great era where there were no big 3′s. Each young star had their own team. Magic was picked up by a vet team and Boston built quickly around Bird. Bosh, DWade and LBJ have chosen to team up in their primes. This could mark a new era in NBA. And if it works and works quickly, it could change the league and what owners will have to do to win is follow suit. But I highly doubt it. There aren’t enough superstars for the league to be competitive if this became the norm. There’d be like 4 teams with big 3′s. And what would u do with the rest of the country’s teams? lol

  • Str8in It Out

    Re Magic/Kareem/Worthy and Bird/Parish/McHale…Magic and Bird were young. Magic won as a rookie and Bird shortly after. Kareem and Parish were the old guys. Vets. Already established. Worthy and McHale were the high-level role players who would have languished as leaders of their own teams in that era had they not had the fortune to be picked by the teams they ended up with. In the draft. They were both picked in the draft, they did not sign as free agents. So the comparisons are bullshyte.

  • Aristotle

    After reading many of the comments placed, here’s what I think:

    1. No player coming through the league should be compared to another. Each player is his own. Rate him by his merits. Look at Robert Horry? 7 rings? Don’t need to be a superstar, and he’s had enough finals performances to put him amongst greats with what he’s won.

    2. Cleveland created the monster called LeBron that escaped them, like in Frankenstein. Would Cleveland have picked LeBron as the number one pick if he wasn’t from Ohio? I think they would of went with a NCAA Champion named Carmelo Anthony. However, they drafted him, fed him and gave him everything, and when he learnt to ask for more and saw they still kept giving it created who he is. The media added it’s sauce on top too. In the end he’s become selfish and wants that ring that they kept pressuring him to win for them. Now he’s doing it for himself, with friends. Joining a friend who won a ring already and wanted to win more or leave himself.

    3. Loyalty? That’s Paul Pierce, Kevin Garnett, Reggie Miller, Malone and Stockton, and Tim Duncan to name a few. All their lives with one team or for most of it, only to chase that ring when they knew they couldnt give anymore to that franchise, and the franchise blessed those few that moved (Garnett) to go and chase it. Some won it, some didn’t. LeBron isn’t that anymore, but Wade still is. It doesn’t mean though that loyalty falls as a form of measurement on what a player will achieve in their career. Keep it seperate.

    4. Taking a pay cut? They all earn millions and will continue to do so. Sacrifcing would be to take way less, for better talent. But if they do that, then will they get the recognition as the Superstars they are, or will they say your bench players were better than most of the other NBA bench rosters? The key point is to be smart with whatever money they get paid, because how many athletes become broke. This is no sacrifice. I call it a budget cut. An organisation has asked them to save money to achieve the goal they all seek.

    5. Let’s look at teams with dynasties… Chicago’s first 3peat (Jordan, Pippen, Grant), Chicago’s 2nd 3peat (Jordan, Pippen, Rodman/Harper), Boston 80′s (Bird, McHale, Parish, Johnson, etc), Lakers’ 80′s (Magic, Jabbar, Worthy, Scott, etc), Boston’s Big 3(Pierce, Garnett, Allen), Detroit (Thomas, Dumars, Laimbeer), Spurs (Duncan, Parker, Ginobli), Lakers Present (Kobe, Gasol, Fisher, Odom). ALL have AT LEAST 3 go to guys, with good supporting casts. Now Miami did the same thing… Wade, James, and Bosh.

    LOVE THE GAME. IT’S WHERE AMAZING HAPPENS.

  • m3kw

    I like the way Wade was signed, meaning he is not looking to be taking the lime light, he wants to win Championships, not self glory (scoring). James is probably going to be the main man on the team. Bosh will give Heat the edge over most(if not all) team on scoring chances. Wade will the the ass kicking point guard, like Rondo is, bossing the flow. I see them go almost all the way, and win a couple in 6 year span.

  • http://theurbangriot.com The Nupe

    I don’t care how much money you make, $15mil is a lot to give up. For these guys (mainly Bron/Wade) to take less money and ‘credit’ in order to win championships, I applaud them. I don’t like they way they did it with Bron having a prime-time press conference and not talking to his former team earlier, and Wade/Bosh having camera crews with them for a future doccumentary. But these guys want to win and put themseleves in position to do so. In no way does this effect my opinion of LBJ being the greatest ever or not – we’ll have to wait and see what his stats look like when it’s all said and done. Judging what’s in somebody’s heart or thier ‘will to win’ is just ridiculous to me. MJ, Magic, Bird, Russel, Oscar etc were all great players who can be considered as the greatest ever (along with LBJ and Kobe someday). Who had the biggest heart or desire is subjective and the stats are ‘hard evidence’ but would have to be compared with consideration to era etc because that matters too. However, Rings still don’t mean a lot in the determination of greatest ever because it’s a team sport. Bill R has more than anybody and a lot of people don’t even put him in the disccusion. Horry has a boat load but no other stats to go along with them. Anyway… Bron/Bosh/Wade will be fun to watch with whomever else they get. The fact that they directly influenced and decided their destiny with FA shouldn’t take away from thier ‘perceived’ greatness on the court. The other greats had teams around them by either luck, devine intervention or just good general managers. These guys (at least in the case of Bron and Bosh) didn’t have that ‘luck’ so took advanatage of today’s rules and created thier own. I don’t have a problem with that.

  • http://slamonline.com Allenp

    Straight up, let’s consider the scenario.
    Wade puts up 25, 5 boards, 4 assists.
    Bron averages 18-20 points, 10 boards, 10 assists.
    Bosh gets 18 and 10.
    The rest of the supporting cast gets in where they fit in.
    I’m curious how that hurts anybody’s legacy. I mean, yes, I wanted to see Lebron lead a team as “the guy.”
    But, as I’ve thought about this, Lebron was not cut out to be the main scorer on a dominant team. Maybe he just doesn’t have that game.
    What he can do is become the greatest big point guard since Magic, and possibly surpass Magic because of his defensive ability. He could be like a Magic/Pippen hybrid.
    And, what you all are saying is that even if he does that, his legacy is still shot because he did it while playing with D Wade and Bosh?
    Please.
    Magic did it with Kareem, Worthy and several other good players.
    Bird had McHale and Parrish.
    Jordan had Scottie, Horace and Rodman.
    If you beast out, people are going to respect it.
    And if Lebron averages the triple double I just mentioned and wins multiple rings, his legacy will be just fine.
    So will Wade’s.
    Yes, their decision was kinda shady, but it’s not like it can’t be dealt with.

  • http://slamonline.com Allenp

    Tealish
    You mentione people who “really” follow basketball.
    You know damn well nobody who really follows basketball felt like Lebron had a championship contender in Cleveland after the last two playoff performances.
    Jamison and Mo Williams don’t have it and likely never will. Period. The rest of the cavs are scrappy, but they don’t match up witht he other best teams in the league.
    I know you know this, regardless of their regular season record.

  • http://theurbangriot.com The Nupe

    I hear it all the time but it’s hard for me to understand why the playoffs are so differnt than the regular season. The Cavs with LBJ and scrubs won 60+ games two years in a row and couldn’t make it to the finals. Is it the ‘pressure’ of the playoffs that some teams can’t handle? Is it that matchups are somehow exploited in series that aren’t understood during the regular season? Or could it really come down more to coaching and the ability of coaches to make game to game adjustments in the playoffs that can only be considered by playing multiple games in a row versus one game and then move to the next team like during the regular season? I personally beleive it’s more about coaching adjustments but the ‘pressure’ has limited validity to me. LBJ’s lack of success in Cleveland can be more of a blame game on Mike Brown than on LBJ’s play. It would have been interesting in Bron stayed in Cleveland with a differnt coach. Now, we’ll have to see if he can win some rings in Miami and see how that impacts his ‘legacy’.

  • http://slamonline.com Allenp

    The Nupe
    You could be right about the coaching. But, it’s also that teams have more time to game plan to take away strengths and players with obvious liabilities are more likely to get exploited in the playoffs. You have to have a more well-rounded game, and you have to be able to adjust. Plus, you have to be able to deal with pressure, and NOBODY on Cleveland’s team was great with pressure. Not Lebron, not his teammates and not his coaches.
    The Phoenix Suns are another team that killed in the regular season, but has had trouble in the playoffs when the style of play changes. Not as much trouble as the Cavs, but stil trouble.

  • http://jayemmbee.blogspot.com/ ClutchPerformer

    No Duh. they taking less money

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