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Updates from Tuesday, July 15

Brian Windhorst of ESPN reported on contract talks between Dwyane Wade and the Miami Heat:

Earlier, Wade posted on his Instagram account with the following caption: "Home Is Where The Heart Is... My Home,My City,My House..#HeatLifer".

Windhorst also provided an update on Wade's contract negotiations with the Miami Heat:

Updates from Sunday, July 13

ESPN's Marc Stein reports on the potential timetable for Dwyane Wade's negotiations:

Sources say it's possible Wade's looming deal with the Heat might not be finalized until next week while negotiations with Deng continue. But Miami's current aim is assembling a core that features Wade and Bosh with newcomer Josh McRoberts and Deng if they can complete a deal with the former Chicago Bulls All-Star.

Updates from Saturday, July 12

Ken Berger of CBS Sports has the latest on Wade's negotiations:

Updates from Friday, July 11

Yahoo Sports' Adrian Wojnarowski has the latest on Dwyane Wade's potential destinations:

ESPN's Mark Jones has the latest on Wade:

Updates from Thursday, July 10

ESPN's Jeff Goodman provides a photo of Dwyane Wade accompanying LeBron James at his camp in Las Vegas:

Victor Oquendo of WPLG passes along brief comments from Wade:

Updates from Tuesday, July 8

Jeff Zillgitt and Sam Amick of USA Today report that Miami Heat president Pat Riley is confident LeBron James, Dwyane Wade and Chris Bosh will remain with the Heat:

This much is clear: Riley is confident James, Chris Bosh and Dwyane Wade will return, according to people who have had phone conversations with Riley in the last week. The people spoke to USA TODAY Sports under the condition of anonymity because of the sensitive nature of the conversations. Of course, Riley's confidence doesn't guarantee anything. But right now, he isn't scrambling.

Marc J. Spears of Yahoo Sports reported on Wade's conversations with James:

Updates from Sunday, July 6

Michael Wallace of ESPN talked to Dwyane Wade's agent about his free agency:

Adrian Wojnarowski of Yahoo Sports reports on how LeBron James is impacting Wade's line of thinking:

Updates from Wednesday, July 2

ESPN's Chris Broussard reports on how the Big Three of Miami have interacted with each other since last week's highly publicized lunch meeting:

When the Miami Heat's "Big 3" went their separate ways after a lunch meeting last Wednesday, they went not knowing whether they had played their last game together, according to sources with knowledge of the situation. While Dwyane Wade and Chris Bosh were committed to returning to the Heat, LeBron James was unsure of what he would do, the sources said. The only certainty coming out of the meeting concerning James was that he wanted a maximum-level salary. James did not ask or suggest that Wade and Bosh opt out of their deals or take lesser salaries to allow the Heat to add other top players, according to the sources.

Original Text

One of the biggest storylines of the NBA offseason is whether the Miami Heat can keep their Big Three of LeBron James, Dwyane Wade and Chris Bosh together while also improving the team enough in free agency to make another championship push next season.

According to Brian Windhorst of ESPN, it appears Wade and Bosh are both ready to make sacrifices in that regard:

Zach Lowe of Grantland is hearing slightly different figures:

Ethan J. Skolnick of Bleacher Report also weighed in on the potential salaries for Wade and Bosh:

Chris Mannix of SI.com is a bit surprised by the entire thing:

However, following the report, agent Henry Thomas denied the reports (via David Aldridge of NBA.com):

Meanwhile, Adrian Wojnarowski of Yahoo Sports has reported that several Heat veterans are working on deals to keep the band together:

The Heat's free agents—James, Bosh, Wade and Udonis Haslem—have the framework of deals in place to remain with Miami, arming Riley with his limitations within the salary cap to sign talent, league sources told Yahoo Sports. "Everybody has their [contract] number and has left a little bit of room to let [Riley] maneuver," one source briefed on the contract discussions told Yahoo Sports.

Another anonymous general manager in that report added, "Right now, it's clear they're buying time for Riley to go out and hit the market."

Given that James is in his prime and has consistently been the team's best player since he arrived in Miami, it isn't terribly surprising he's reportedly chasing a max deal. Nor is it surprising that Wade would be one of the players to take a pay cut, as Andy Glockner of The Cauldron tweeted:

Without question, Wade has shown some tread on the tires. While he averaged a solid 19.0 points, 4.7 assists and 4.5 rebounds in the regular season, those numbers dipped to 17.8, 3.9 and 3.9 respectively in the postseason. He also appeared in just 54 regular-season games, battling knee issues, and at 32 years of age it appears his prime is behind him.

That much was evident in a disappointing NBA Finals series against the San Antonio Spurs, especially in Games 4 and 5, when he averaged just 10.5 points per game.

Still, Wade has spent his entire career with the Heat and is beloved there. He's also still very productive when he's healthy, so keeping him in Miami was a huge priority coming into the offseason. And though they were schooled by the Spurs, the Big Three have led Miami to four straight NBA Finals and remain the class of the East.

For the moment, it looks as though Wade and company will return. And it appears that to do so, Wade will be taking a major hit in his wallet.