Dwyane Wade signs one-year, $2.3 million contract with Cavs

CLEVELAND - NBA All-Star guard Dwyane Wade has signed a one-year, $2.3 million contract with the Cleveland Cavaliers, ESPN reports.

According to ESPN, Wade is expected to report to the Cavs' evening practice session Wednesday.

In a statement posted to Twitter Wednesday, Wade said, regarding Cleveland, that "there's no better place to be right now to continue to play and compete at the highest level."

He continued: "Cleveland believes in my talents and what I can bring to a championship contender both as a player and a leader."

Cavaliers General Manager Koby Altman also expressed his excitement about Wade's decision to join the team.

“We’re extremely happy that Dwyane chose to join us in Cleveland and become a core part of helping us achieve success at the highest level. Dwyane has proven time and time again that he is a leader and competitor of the highest caliber and that his focus is centered on the ultimate goal. The deep commitment and consistency that he has shown to the game as a 12-time NBA All-Star and three-time NBA Champion is remarkable and he’s going to be a difference maker on the court and in the locker room with our team.”

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