Heat guard Dwyane Wade signed a three-year contract extension with a player option for a fourth year on Wednesday, the first day veterans could officially sign contracts.

Wade opted for the deal, worth about $60 million for the three years, instead of a maximum extension of five years and about $80 million. Wade and agent Henry Thomas said the decision on a three-year contract was made independently of Wade’s 2003 draft classmates, Cleveland’s LeBron James and Denver’s Carmelo Anthony, who reportedly also agreed to similar deals.

“I am very excited,” Wade said on a conference call. “When everyone looks at it and breaks it down, it was a great business move.”

Wade, who will make $3.8 million next season under the contract he signed as a rookie, now is signed with the Heat through at least the 2009-10 season. The exact value of the extension won’t be known until the salary cap for the 2007-08 season is calculated next summer.

–Now we see if Zo is coming back.

Source: Sun Sentinel