LeBron James and Chris Bosh are now members of the Miami Heat and both came at a cut rate. The Heat's two newest superstars signed matching six-year, $110.1 million contracts, sources told ESPN The Magazine's Ric Bucher. Dwyane Wade took an even bigger discount to stay in Miami, signing 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 $15million less over the life of the contract to sign with Miami, but the deals came with a caveat. It was a party in South Beach on Friday night as Chris Bosh, Dwyane Wade and LeBron James donned Miami Heat jerseys at a welcoming celebration.
All three contracts, sources told ESPN.com's Marc Stein, have an early termination option after the fourth season that would allow LeBron, Bosh and Wade to return to free agency in the summer of 2014. Each player also possesses a player option entering the final season of the contract (2015-16). Bosh and James' deals were completed through sign-and-trades, making all three eligible for 10.5 percent raises each year.
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