Dwyane Wade's New Contract Is Perfect Scenario for Both Star SG and Miami Heat

Sometimes, compromise is better than consensus. The former requires more fuss and more muss, but seemingly ugly processes can (and often do) reveal a lot about both parties while yielding better business.

Just ask Dwyane Wade and the Miami Heat. According to the Associated Press' Tim Reynolds, the 11-time NBA All-Star will spend at least one more season in South Beach, courtesy of a one-year, $20 million deal.

"The Heat family and I have shared incredible moments over the years, and I look forward to continuing our journey," Wade said in a statement released to the AP. "I am extremely proud of my personal contributions in helping to build the Heat franchise and for bringing three NBA championship wins to our great city."

His signing brings to an end a strange and, at times, contentious saga with the only pro team he's ever known. Better yet, the basic terms of the new deal soothe enough of the concerns that Wade and the Heat each brought to the table to consider it a success for both sides.

His agent, Henry Thomas, summed it up perfectly (via ESPN's Darren Rovell):

"

This contract is a win-win for both Dwyane and the Heat. Not only does Dwyane get to extend his Hall of Fame-worthy career with the only franchise for whom he has ever played, but he will have the flexibility next summer to sign an additional deal. And the Heat gets to keep their (sic) franchise cornerstone while having the ability to build a championship-contending roster.

"

To be sure, there's more to it than that.

For Wade, the nearly $4 million-per-year pay bump and ability to re-enter the market in 2016 read as (overdue) rewards for the sacrifices he's made for this franchise. In 2010, he took less money to help grease the salary-cap skids for the arrivals of LeBron James and Chris Bosh. Last summer, the Heatles all opted out of the final two years of their respective deals.

Wade and Bosh were looking at pay cuts to clear enough money off Miami's books to keep the four-time Eastern Conference champions together.

Which is to say, their salary decreases were necessary to meet James' reported demands for a maximum salary, per ESPN's Brian Windhorst.

Shortly after James announced his return to Cleveland, Bosh committed to a five-year future in Miami worth $118 million.

Wade, on the other hand, wasn't quite so lucky. After turning down the $42 million left on his previous deal, Wade re-upped for two years and $31.1 million—a difference of almost $11 million.

Tony Dejak/Associated Press

Wade's new pact will help him scrape back some of that lost scratch. But it's the opportunity to return to the market in 2016 that could really cram his coffers.

That comes as a result of the incoming stuffing of the NBA's stores by way of a new nine-year, $24 billion national television deal. With all that money soon to flood the league-wide figures of basketball-related income, the salary cap is expected to skyrocket, from $67.1 million this summer to $89 million in 2016, and as high as $108 million in 2017.  

In all likelihood, Wade wants a cut of that freshly mined bullion. The Heat, for their part, will have greater flexibility to offer it. Miami will find even more room under the exploding cap when the contracts of Luol Deng ($10.15 million), Chris Andersen ($5 million), Mario Chalmers ($4.3 million) and Udonis Haslem ($2.85 million) all come off the books, along with Wade's, after next season.

Issac Baldizon/Getty Images

That doesn't mean Riley and company won't be navigating stormy seas, particularly in free agency next July. Hassan Whiteside could be in for a serious pay day if he keeps up his surprisingly stellar performance from the 2014-15 season. The Heat could also have eyes on Kevin Durant or any of the other star wings who are expected to hit the market following the 2015-16 campaign, per Grantland's Zach Lowe.

Such expenditures might not leave much for Wade, though Miami could exceed the salary cap to keep him at that point. And with the luxury tax set to soar into its own stratosphere, the Heat wouldn't be at risk of colliding with the dreaded repeater tax (see Larry Coon's Salary Cap FAQ for the full details).

Joel Auerbach/Associated Press

But there's a full slate of games—and, perhaps, a dark-horse title run—to come before then in Miami. With Wade joining Goran Dragic, Bosh, Whiteside and Deng in the team's projected starting five, the Heat are poised to make some serious noise in the Eastern Conference. The Atlanta Hawks, Washington Wizards and Chicago Bulls figure to be among those pushing the Cavaliers for the top spot.

The Heat could find themselves in that mix, as well, but only if Wade can sustain himself through another grueling campaign and stay fresh for a subsequent postseason push. He's missed an average of 19.5 games per season over his last four. At the age of 33 and with the wear and tear on (and persistent injury to) his wheels, Wade would be fortunate to reduce that number next season.

Then again, if he can keep off the weight he lost through a 30-day diet earlier in the offseason, he might be better equipped for the long slog than he has been in some time.

Certainly, Wade has every incentive to stay slim. After all, he'll be in a contract year. If he wants to cash in one last time next July, he'll have to do more than tout his past accomplishments in a Heat uniform between now and then.

If he doesn't, Wade will at least have come through the fire of this summer's negotiations with a clearer understanding of and stronger relationship with the entire Heat organization.

"Sitting down with Nick [Arison, the team's CEO], sitting down with Micky [Arison, the managing general partner] and having conversations with them that I've never had, that was big for me," Wade told the AP. "I've never had a business conversation with one of them. ... They got to show me how much they really wanted me to be here, how important it was for them that I continue to wear one jersey."

And if Wade truly earns his keep, the Heat could be back in business as a force to be reckoned with in the East.

Now that would be a win-win for the aging superstar and the franchise whose prominence he's done so much to promote.

Josh Martin covers the NBA for Bleacher Report. Follow him on Twitter.

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