Dwyane Wade to become free agent at midnight if he does not pick up option [View all]

MIAMI -- As the clock ticks toward Dwyane Wade's midnight contractual deadline, the Miami Heat are preparing for the most decorated player in franchise history to enter free agency.

The Heat are still awaiting word from Wade and his representatives as to whether the perennial All-Star and three-time NBA champion will opt in to a final year at $16.1 million. Wade has until 11:59 p.m. Monday to notify the Heat if he will pick up the option for next season.

Should Wade decide to not take any action by midnight, he will automatically become a free agent Wednesday.

The Heat received forward Luol Deng's decision Monday, when he opted into another year at $10.2 million.


http://espn.go.com/nba/story/_/id/13168632/deadline-dwyane-wade-option-miami-heat-approaches