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Dean Wade signs four-year, $39M deal with Sixers

sportsJul 1, 202620208

Free agent forward Dean Wade agreed to a four-year, $39 million contract with the Philadelphia 76ers, league sources report. The deal reunites Wade with Mike Gansey after their time together with the Cleveland Cavaliers, and agent Austin Walton finalized the agreement. The contract is expected to be paid out of the Sixers non-taxpayer midlevel exception, which leaves the team a little over $5 million of that MLE to use on another signing. Using that exception will hard-cap Philadelphia at the first apron; reports list roughly $13.8 million in space under the first apron and two open standard roster spots after the signing. Coverage described Wade as an indispensable defending and shooting frontcourt piece and a legitimate rotation player; some responses noted concerns about his injury history and that he is about to turn 30. Commentators compared the $9.75 million average annual value to last year’s offer to Quentin Grimes and called this the first major move under Sixers president of basketball operations Mike Gansey.