MIAMI – Miami Heat star Dwyane Wade will forego his option with the team and become a free agent.
Wade's decision was initially reported by ESPN and later confirmed by his agent to multiple sources.
That means Wade, who was scheduled to earn $16.1 million next season, could be signed by another team when free agency starts Wednesday.
Wade, 33, was selected fifth overall in the 2003 NBA Draft out of Marquette and helped the Heat win three NBA championships, but his future with the team is in question after contract negotiations reached an impasse last month.
Among the teams that could pursue Wade is the Los Angeles Lakers. According to a Sports Illustrated report, Wade and the Lakers have a mutual interest.
The 2006 NBA Finals most valuable player has spent all 12 seasons in Miami.
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