Dwyane Wade also opts for free agency

Four days after forward NBA basketball star LeBron James told the Miami Heat he was terminating his contract and becoming an unrestricted free agent, team mate Dwyane Wade followed suit.

Wade, a 10-time All-Star guard, informed the Heat that he was opting out of the final two years on his contract, leaving him free to talk to any team when the free agent pool opens on July 1st.

Multiple media reports said center-forward Chris Bosh, the other member of the Heat's 'Big Three', had also terminated his contract but the Heat had not confirmed the move.

All three players had been widely expected to opt out of their existing deals to free up salary space for the Heat, then take less money in the short-term on fresh contracts with Miami which would deliver a much bigger pay day in the long-term

Jason Kidd has permission to meet with Bucks after being denied a promotion in Brooklyn http://sbn.to/1wXB1wS ”

In pursuing exit to Milwaukee, source tells Yahoo of Jason Kidd's ambitions: "He wants the Doc and Pop role (there). Running everything."

so strange by kidd

After a failed power play in Brooklyn, Nets coach Jason Kidd has entered into serious negotiations to become president of basketball operations for the Milwaukee Bucks, league sources told Yahoo Sports.
Kidd made a failed coup to Brooklyn's Russian ownership to usurp the power of Nets general manager Billy King – and failed spectacularly. The Nets and Bucks are discussing compensation for Milwaukee hiring Kidd away, which will likely include second-round draft picks, sources told Yahoo Sports.
"The Russians are done with Kidd," one high-ranking league source told Yahoo Sports on Saturday night.
Former Memphis Grizzlies coach Lionel Hollins – who had been considered as an early season replacement for a foundering Kidd – is a strong candidate to be considered for hiring as the next coach, sources said.
The New York Post first reported the failed power play and talks with Bucks.
Kidd is selling Bucks co-owner Marc Lasry, a close friend and past financial partner, on giving him a lucrative package to do what the Nets have refused: Give Kidd full control of basketball operations. For an NBA figure with such a damaged personal reputation – never mind no front-office experience – the possibility of Kidd being afforded this kind of power and responsibility is being met with downright mockery among NBA owners and executives.

It is a humiliating turn of events for the coach and his agent, Jeff Schwartz, who had wielded incredible power and influence with Nets billionaire owner Mikhail Prokhorov. Nevertheless, Kidd understood he had an admirer on the hook with one of the Bucks' new ownership partners, Lasry. Kidd has had a personal and financial partnership with Lasry, and now he's leveraging that relationship into talks to run the Bucks franchise, sources said. Kidd isn't angling to immediately take over as president and coach, sources said, but is intrigued with the higher-paying, lower-workload life of an executive, sources said.

For Milwaukee's general manager John Hammond and coach Larry Drew, revelations of the franchise's negotiations with Kidd weren't known to them until the story broke on Saturday night, sources said.
Kidd's thirst for more power and money began to escalate with Golden State's and New York's hirings of Steve Kerr and Derek Fisher, respectively, as coaches, league sources said. Kidd was livid they were paid contracts substantially higher than what the Nets paid Kidd as a rookie coach.
"That got him – especially Fisher," one official told Yahoo Sports.

Kidd was hired for three years, $10.5 million, only to be livid over Kerr and Fisher getting four-year deals guaranteeing more than $4 million dollars per season. Lost on Kidd was this: His dicey history made him unappealing as a coach, except with the Nets.
Despite Kidd's greatness as a Hall of Fame point guard, he had a long career of clashing with front-office executives and coaches, a domestic abuse charge and a DWI guilty plea that left him suspended for his first two games as an NBA head coach. Kidd had little leverage upon his hiring as coach, which is why the Nets refused to overpay him market value.

Within management, there was strong consideration given to firing Kidd near the end of December, league sources said. Some Nets officials wanted to bring Hollins into Brooklyn as head coach, but ultimately ownership decided to stay the course with Kidd, sources said. For Kidd's part in the power play, there's a sense of betrayal within ownership that'll make his return beyond difficult, bordering on the impossible, sources said.

After all, the Nets hired Kidd upon his retirement as a player and delivered him a star-studded roster with the steepest payroll in NBA history – $100 million, plus $90 million more in luxury tax. They had listened to Kidd plead with them to make Lawrence Frank the highest-paid assistant coach in the NBA, only to have Kidd inexplicably demand that Frank be demoted within weeks of the start of the season.