Monday, June 30, 2014
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[June 30, 2014]  June 28 (The Sports Xchange) - Miami Heat guard Dwyane Wade and forward Chris Bosh joined teammate LeBron James by opting out of their contracts to become free agents, ESPN reported Saturday.

Wade and Bosh are both represented by agent Henry Thomas. Forward Udonis Haslem is also opting out. He is represented by Thomas as well.

The moves give the Heat a record $55 million in cap space.

Wade, Bosh, James and Haslem are free to negotiate with teams beginning at 12:01 a.m. ET on Tuesday. The players could rejoin the Heat for less money to help team president Pat Riley make roster additions.

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The Toronto Raptors extended qualifying offers to restricted free agent guards Greivis Vasquez and Nando De Colo and forward Patrick Patterson on Saturday.

Financial terms were not disclosed.

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The Raptors acquired Vasquez and Patterson last December as part of a seven-player trade with the Sacramento Kings. They got De Colo in a February deal with the San Antonio Spurs.

(Editing by Gene Cherry)

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