Dwyane Wade tells Heat he will become a free agent

Corey Sipkin/New York Daily News LeBron James, Chris Bosh and Dwyane Wade all elect to opt out of Miami Heat deals.

MIAMI (AP) — Dwyane Wade and Chris Bosh are joining LeBron James in free agency.

They told the Miami Heat on Saturday that they are opting out of the final two years on their contracts, which means they are free to talk to any team starting Tuesday. It’s the same option James exercised earlier in the week.

The moves come three days after Bosh, Wade and James met at a posh Miami Beach hotel to discuss their futures.

Ned Dishman/NBAE/Getty Images Dwyane Wade opts to become a free agent and can negotiate with any team … including the Heat.

Bosh was owed $ 42.7 million and Wade was owed $ 41.8 million on the final two years of their contracts. Their moves provide the Heat financial flexibility to sign additional players while quite possibly being able to convince Bosh, Wade and James into staying.

Players cannot sign new contracts until July 10.

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