Whenever I heard the words "LeBron James" and "Sources" over the past decade they have never even been close to the situation. His camp has ALWAYS been tight lipped.
I said this in another thread. Just depends on what Wade wants. To get a big payday and not even sniff the playoffs in a place like Denver? get a nice payday and probably not sniff much of the playoffs in Miami? or take a one year pay cut and go to a team like the Cavs at a reduced price and probably end up in the NBA finals. LeBron doesn't have to take a huge paycut if he wants Wade he can make it happen. Wades not going to get anywhere close to $20M with the Cavs probably more like $7M if they use what they have available and LeBron gives a slight discount... These dudes get paid OFF THE COURT. Wade could parlay off the court deals by being a part of the Cavs and a championship run to help offset the salary.
The kicker to me that makes the whole thing possible is Wade can do a 1 year deal and then go back to Miami for that final big payday. Miami can't do anything right now because of Bosh and that won't be a problem next season. Once they get Bosh off the books they could bring in two max contracts.
I still think the Cavs would be better off getting a guy like Festus Ezeli but Wade would help for sure. He's old but second half of the season he was fantastic and on the Cavs he wouldn't have to do any of the heavy lifting and could get lots of nights off to save up for the playoffs. He's still an elite defender who can score.