Wade going back to Miami

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MIAMI, FL (TheSpread) – The Miami Heat re-signed their franchise player on Tuesday, as Dwyane Wade announced he is coming back to the team.

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With LeBron James leaving Miami to return to Cleveland, there was speculation on whether Wade would return, but Pat Riley made a surge and brought back Chris Bosh while signing Luol Deng.

ESPN is reporting that the deal is a two-year deal with a player option for the second year, but the financial details were not released. Wade opted out of his contract with Miami following the NBA Finals despite being due $42 million over two years.

According to oddsmakers at Bovada.lv, Miami now has 25/1 odds to win the NBA Championship next season. Cleveland is the favorite with 15/4 odds while San Antonio has 9/2 odds.

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