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Dwyane Wade, Chris Bosh, Udonis Haslem all opt out of Miami Heat contracts

The Miami Heat are dropping like flies.
The Miami Heat are dropping like flies.Photo by Andy Lyons/Getty Images

About a week after LeBron James opted out of his contract with the Miami Heat and decided to become a free agent, a few others have followed his lead. ESPN reported on Saturday, June 28, 2014, that Dwyane Wade, Chris Bosh, and Udonis Haslem have all opted out of their contracts and plan on testing the NBA free agency market as well.

Bosh and Wade's agent, Henry Thomas, announced the move to ESPN on Saturday.

Forward Udonis Haslem, who is also represented by Thomas, will join the Big 3 in opting out and heading into free agency.

With the four moves, the Miami Heat will now have $55 million in cap space opened up for them to negotiate with other players. Those players could end up being the same that opted out of their current contracts with the Heat, but that remains to be seen.

As of 12:01 a.m. ET on Tuesday, July 1, 2014, NBA free agents are free to negotiate deals with any teams they wish.

A big blow was dealt when James opted out, but no-one expected Wade, a career Heat player to leave as well. The team made the announcement on Saturday afternoon.

Today we were notified of Dwyane’s intention to opt-out of his contract and Udonis’ intention to not opt into his contract, making both players free agents. Dwyane has been the cornerstone of our organization for over a decade, and we hope he remains a part of the HEAT family for life.

For four years, the Miami Heat has enjoyed having the Big 3 play together, and it is quite possible they could all return. Since their arrival to South Beach, the Heat have been to the NBA Finals four times in a row and won two championships in the middle.

Now, the Big 3 may never play together again in the NBA as it is very possible they could all end up with new teams. Along with Carmelo Anthony and a host of others, this year's NBA free agency class is one of the biggest and most talented in history.