The Heat's two newest superstars signed matching six-year, $110.1 million contracts, sources told ESPN The Magazine's Ric Bucher. Heat fan favorite Dwyane Wade took an even bigger discount to stay in Miami, signing for six years and $107.5 million, according to the sources.
Sources told ESPN.com's Chad Ford that James and Bosh are both scheduled to make $14.5 million next season, while Wade will clock in at $14 million in 2010-11.
Each player took $15 million less to sign with Miami, but the deals came with a caveat.
All three players, sources said, have an early termination option in their contracts after the fourth season that would allow them return to free agency in the summer of 2014. In all three cases, each player also possesses a player option entering the final season of the contract (2015-16).
Bosh and James' deals were completed through sign-and-trades, making all three eligible for 10.5 percent raises each year.
The Heat sent two future first-round and two second-round picks to the Cavaliers for James, while packaging two first-round picks to the Raptors for Bosh.
Sources told ESPN The Magazine's Ric Bucher that Toronto reacquired their first-round selection in 2011, which Miami had from a 2009 trade that sent Shawn Marion to the Raptors, and added the Heat's own first rounder in 2011.
Miami then sent their first-round picks in 2013 and 2015 to the Cavaliers and Cleveland has the option to swap first-round picks in 2012, according to a league source.