As expected, Dwyane Wade will resign with the Miami Heat.
Earlier this summer, the free agent opted out of the last two years of his contract that would have paid him $40 million over those two years.
The Associated Press is reporting that Wade’s new deal will be a 2-year deal worth $34 million, with a player option for the 2015-16 season.
Signing the two-year deal would give Wade flexibility and a possible raise next year with the NBA’s salary cap expected to rise and the league’s new TV deal.
Wade posted a photo of himself on Instagram in a Heat warmup suit during the national anthem and wrote: “Home is where the heart is. My Home, My City, My House. .. #HeatLifer.