The Philadelphia 76ers have agreed to a four-year, $39 million contract with free agent forward Dean Wade, according to reports on Tuesday.
The deal uses a portion of the team's non-taxpayer mid-level exception. It includes a partial guarantee in the final season, as reported by Shams Charania of ESPN.
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Wade spent his first seven NBA seasons with the Cleveland Cavaliers after joining as an undrafted free agent in 2019.
The 29-year-old averaged 5.8 points and 4.2 rebounds last season while shooting 36.2 percent from three-point range.
Reunion with Former GM
The move reunites Wade with former Cavaliers general manager Mike Gansey, now president of basketball operations for the Sixers.
Gansey previously signed Wade to a two-way contract in Cleveland.
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Wade recorded a team-high plus-5.0 net rating during Cleveland's recent playoff run to the Eastern Conference Finals.
His perimeter defense was key in series wins over the Toronto Raptors and Detroit Pistons.
The acquisition hard-caps Philadelphia at the first tax apron for the upcoming season, leaving roughly $5 million of their exception available.
Cleveland faced luxury tax pressure after being the only NBA team over the second tax apron last season.
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Wade's departure provides financial flexibility, alongside Keon Ellis who signed with the Brooklyn Nets.
