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Heat re-sign team 'cornerstone' Wade

Miami, FL (SportsNetwork.com) - Dwyane Wade has re-signed with the Miami Heat.

After Wade indicated online Tuesday that he would be back in Miami, the Heat announced the deal in a news release calling the veteran guard the "franchise cornerstone."

Terms of the deal were not released, but multiple reports indicate Wade signed a two-year contract worth less than the two-year, $42 million he had remaining on the deal he opted out of last month, giving Miami room to sign other free agents.

"Home Is Where The Heart Is ... My Home, My City, My House," Wade tweeted on Tuesday, along with the hashtag #HeatLifer.

Indeed, he has spent his entire 11-year career with the Heat, helping them win the first three NBA titles in franchise history.

"Dwyane has been the franchise cornerstone for this team since the day he arrived 11 years ago," Heat president Pat Riley said in a statement. "He has shown his commitment to the Heat many times over the course of his career and has always been willing to sacrifice in order to help build this team into a champion.

"This time is no different. I am ecstatic to have him back in the fold and I am confident that Dwyane, as always, will be leading this team as we look to contend for NBA championships."

Wade, 32, opted out of his contract last month along with LeBron James and Chris Bosh.

After James announced last week that he was leaving to play for the Cleveland Cavaliers again, Bosh re-signed with the Heat on a reported five-year, $118 million deal.

So two of the Heat's Big Three will be back after four straight trips to the NBA Finals, including back-to-back championships in 2012-13.

Wade led Miami to its first title in 2006 but his scoring output has declined in each of the past five seasons since he led the NBA in 2009.

He averaged 19.0 points in 54 games this past season as he battled knee and hamstring ailments, his lowest output since his rookie season out of Marquette in 2003-04.

07/15 17:05:14 ET

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7:05pm Tonight
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9th
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DET 8
 
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Final
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PHI 7
 
Final
HOU 2
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MIL 0
 
4th
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5th
SEA 0
WAS 2
 
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APPST 14
Final
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OSU 34
Final
UAB 48
TROY 10
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UVA 20
UCLA 28
Final
PURD 43
WMICH 34
Final
NCSU 24
GASO 23
Final
UMASS 7
BC 30
Final
NW 24
CAL 31
Final
NEB 55
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Final
UMO 27
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Final
ND 48
RICE 17
Final
MIZZ 38
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Final
ALA 33
WVU 23
Final
AUB 45
ARK 21
Final
STAN 45
UCD 0
Final
UGA 45
CLEM 21
 
Final
UNC 56
LBRTY 29
 
Final
KSU 14
OHIO 17
 
4th
OKLA 48
LATU 10
 
4th
KST 52
SAUST 16
 
4th
USC 52
FRES 13
 
4th
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SMISS 0
 
3rd
OKST 17
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3rd
TEX 28
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4th
NMU 21
UTEP 24
 
8:05pm Tonight
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IDAHO 0
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LSU 7
WISC 10
 
10:30pm Tonight
OREG
SD
10:30pm Tonight
HAW
WASH
Final
DUKE 52
ELON 13
 
3rd
ECU 37
NCCU 7
 
7:05pm Tonight
NOR 4
DUR 1