The Cavaliers have announced the contract extension for forward Dean Wade, who reportedly received a three-year, $18.5 million deal.
OFFICIAL: #Cavs sign Dean Wade to multi-year contract extension pic.twitter.com/ZMAJl6sF6C
— Cleveland Cavaliers (@cavs) September 27, 2022
Of that, $16.5 million is guaranteed, per Chris Fedor of Cleveland.com. Wade’s agents, Austin Walton and Adam Papas, confirmed terms of the deal to ESPN’s Adrian Wojnarowski.
Wade, 25, is 6-foot-9 and just completed his third NBA season, all with the Cavs. He averaged 5.3 points and 2.9 rebounds, shooting 46 percent from the field and 36 percent on 3-points in 51 games in 2021-22.
Wade started 28 of those games, but suffered a torn meniscus in his right knee in March, when he was ruled out for the season.
The Cavs exercised Wade’s fourth-year team option in June, guaranteeing a $1.9 million deal. They tip off training camp Tuesday with 14 players now under fully guaranteed contract.
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