Dwyane Wade will not sign extension

Michael Wallace of the Miami Herald reports:  Miami Heat guard Dwyane Wade said Wednesday he won’t sign a long-term extension with the Heat and will revisit his future with the team as a free agent next summer. Speaking from the Chicago-area church he bought for his mother two years ago, Wade said he and agent Henry Thomas told the Heat it would be best to hold off a decision until after the 2009-10 season.

The Miami Herald continues:  Wade has suggested for months that his plan was to bypass a potential extension that would add three years and about $60 million to the two seasons left on his contract. But his stance Wednesday was clearly the most definitive he has made on the issue of his future with the team that selected him fifth overall in the 2003 NBA Draft.