Dwyane Wade, a perennial All-Star and three-time NBA champion, has decided to not pick up his option with the Miami Heat for next year, a source said Monday. Wade, who was scheduled to make $16.1 million next season, will automatically become a free agent Wednesday. The Heat and Wade were at a contractual crossroads as the 33-year-old veteran faced a midnight Monday deadline on whether to opt into the final year on his contract. Wade is believed to be seeking a deal that would average at least $16 million over the next three seasons. The Heat had preferred for Wade to opt in for 2015-16 and then work with the team on a new contract after next season that would give the Heat salary-cap flexibility going into the 2016 free-agency period, when Anthony Davis and Kevin Durant are likely to highlight a deep group of available stars on the market. - See more at: http://espn.go.com/nba/story/_/id/13170097/dwyane-wade-become-free-agent
