Dwyane Wade announced on Friday that he has purchased a stake in an NBA team, but that team was not the one with which he won three championships. Miami Heat owner Micky Arison admits he is not thrilled about that.
After Wade shared his big news, Arison took to Twitter to both congratulate the Heat legend and address the question many have asked — why didn’t Wade buy a stake in his former team? Arison said the Heat spoke with Wade about joining their ownership group when the 13-time All-Star retired in 2019, but Wade was not ready to commit at that time.
“I want to congratulate Dwyane on his recent announcement,” Arison wrote. “We had discussed having him join our ownership group after his retirement but he was not prepared to commit at the time. Of course I am disappointed that he didn’t reconsider. Having said that I wish him good luck and much success with the Jazz. To me Dwyane will always be a HEAT lifer.”
Wade also addressed the Heat questions.
“The respect I that I have for that organization will not go anywhere, the love that I have for the [Heat] fans — that goes nowhere,” he told ESPN. “But this is about the next phase of my life as an investor, a businessman, an entrepreneur. For me, this is an opportunity to grow.”
The biggest factor in Wade’s decision to buy into the Jazz was his relationship with majority owner Ryan Smith. The two developed a close relationship after Wade retired, and Wade said that is what made him want to be involved in Utah.
Of course, there were also some issues between Wade and Miami’s brass when he left the team in 2016, but Wade later returned and finished his career with the Heat. It’s unlikely that any of that tension contributed to his decision. He simply views the situation in Utah as a better one for him.
After perhaps the greatest in-season turnaround in NBA history fell just short of a playoff berth, the Miami Heat may already be looking ahead to running it back with the same core next year.
Heat owner Micky Arison posted an Easter-themed selfie with Dion Waiters and James Johnson to Instagram on Friday with a caption hinting at the duo being a part of the team’s future.
Miami’s complete 180 from starting the year 11-30 to finishing it 30-11 would not have been possible without the contributions of both Waiters and Johnson to complement their nucleus of Goran Dragic and Hassan Whiteside. Waiters averaged 15.8 points, 3.3 rebounds, and 4.3 assists per game this season and thrived as one of the Heat’s primary dribble penetrators, shot makers, and crunchtime scorers. Meanwhile, Johnson, who put up 12.8 points, 4.9 boards, and 3.6 dimes a game (all career-highs), likely won some Sixth Man of the Year votes with his hustle, frontcourt playmaking, and defensive versatility.
Johnson will be a free agent in the summer, and Waiters, who has already expressed his desire to stay, is signed for relative pennies (holding a $3.5 million player option for 2016-17 that he seems almost certain to decline). That said, both guys sticking around in Miami sounds like a pretty good bet.
The Miami Heat are going to end up being the biggest losers of the NBA offseason, and that is really no fault of their own. If LeBron was willing to return to Cleveland despite the letter Cavs owner Dan Gilbert wrote about him four years ago, this has probably been his plan for quite some time. Still, Heat owner Micky Arison was “shocked” by The Decision 2.0.
That’s basically about as well as Arison could have handled it. Of course he is disappointed that he just lost his best player, which could ultimately lead to Chris Bosh leaving and the Heat becoming a below average team. Some would even argue that LeBron wanted to stick it to Arison after the owner refused to spend last offseason to fill out Miami’s bench.
Whatever the case, every owner in the NBA must have learned something from Gilbert’s temper tantrum. The NBA is a business. Business is best when handled with class.
Miami Heat owner Micky Arison believes there is a 100 percent chance the team keeps LeBron James, Dwyane Wade and Chris Bosh next season.
James, Wade and Bosh have the ability to opt out of their contracts and become free agents, where they could seek contracts from other teams. But Arison believes the team has an excellent chance of retaining all three players, who have combined to lead the Heat to three straight NBA Finals and back-to-back championships since joining forces.
According to the Palm Beach Post, when asked Monday by 790 The Ticket to give a percentage chance of keeping the “Big Three” with the Heat, Arison responded, “100 percent.”
Arison also said he hoped “it’s not gonna be a challenge at all” to keep the players together.
Earlier this season, LeBron said he couldn’t see himself leaving Miami. If the players opt out of their current deals, it could be to sign longer-term deals with the Heat to ensure more security.
Pat Riley and Heat fans everywhere are hoping that Arison’s words will reflect the future. I know I can’t see LeBron going elsewhere.
H/T Eye on Basketball
Miami Heat owner Micky Arison has seen his investments pan out nicely over the past two seasons. After coming up just short in their first season together, the Heat’s big three of LeBron James, Dwyane Wade and Chris Bosh have now won back-to-back championships. Arison was in an understandably great mood after Game 7 on Thursday night, but what the hell was he drinking out of?
Back at the start of the playoffs, SB Nation introduced us to a new trend that goes along with the Heat’s “White Hot” theme that they have been sticking to throughout the postseason. Moet & Chandon, one of the world’s most prestigious champagne companies, announced a partnership with the team in April that made Moet Ice Imperial the official champagne of the Heat. The plan was for the champagne to become a staple in the AmericanAirlines Arena, with courtside celebrities sipping out of the official goblet you see Arison drinking from.