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Wade Clears Waivers, Signs One Year Deal with Cavs

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After clearing NBA waivers at 5 p.m. ET, 12-time All-Star guard Dwyane Wade has signed a one-year contract with the Cleveland Cavaliers.

The deal is worth $2.3 million, league sources told ESPN. Wade reported to the Cavaliers’ evening practice session Wednesday.

Source: Adrian Wojnarowski of ESPN

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