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Details of Contracts for Bosh/LeBron/Wade


Jammin
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LeBron James and Chris Bosh signed matching six-year, $110.1 million contracts, sources told ESPN The Magazine's Ric Bucher.

 

Dwyane Wade signed 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 they have an opt out after the fourth year to all potentially become free agents in 2014.

 

The Heat sent two future first-round and two second-round picks to the Cavaliers for James, while packaging two first-round picks to the Raptors for Bosh.

 

Read more: http://www.realgm.com/src_wiretap_archives/68038/20100710/lbj_bosh_wade_take_less_money_hold_eto_for_2014/#ixzz0tJWHeL00

 

Wow, Wade get's less? That's weird, I wonder why he agreed to that? And I'm guessing if there's only 1 or less championships by the end of 2014, they'll all do this over again and sign with different teams. This gives LeBron a chance to redeem himself and sign with another team if this doesn't work out.

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Wade did it so we enough for Haslem, they are good friends and he wants him back. He also makes money off the court, so it doesn't matter. Even with the paycut Lebron took, he still makes more than he would have made in CLE at the max ,this is due to no state income tax.

Edited by SRV
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Wade did it so we enough for Haslem, they are good friends and he wants him back. He also makes money off the court, so it doesn't matter. Even with the paycut Lebron took, he still makes more than he would have made in CLE at the max ,this is due to no state income tax.

 

There's no way he makes more here than in Cleveland. You still pay state income tax on road games.

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Wade did it so we enough for Haslem, they are good friends and he wants him back. He also makes money off the court, so it doesn't matter. Even with the paycut Lebron took, he still makes more than he would have made in CLE at the max ,this is due to no state income tax.

 

Yeah, no he would have made 6yr/$125m in Cleveland. About $20m a season playing with CLE. Same with Bosh.

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Wade is the one who should have taken a paycut since he is the one who didn't have to make any sort of move and is getting the biggest benefit out of this.

 

Anyways, this gives the Heat a bit more than 15M to get a couple more solid starter/depth players, that should be more than enough.

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