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Notes: Dwyane Wade decides to stay with Heat

Dwyane Wade is staying with the Miami Heat, and his latest deal is designed to give both the player and the only franchise he’s ever known some flexibility in the coming years.

Wade signed a new contract with the Heat on Tuesday. It’s a two-year deal, the second of those seasons a player option, said a person familiar with the situation. The person spoke on condition of anonymity because neither side announced terms.

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Also Tuesday, the Heat signed Luol Deng to a two-year, $20 million deal.

Love talks start again

The Timberwolves and Warriors reopened trade talks for All-Star forward Kevin Love, a person with knowledge of the situation said.

Timberwolves president and coach Flip Saunders was seen talking to Warriors GM Bob Myers in Las Vegas. The Warriors have been reluctant to include shooting guard Klay Thompson in any package, which has been considered a deal-breaker for Minnesota.

Nowitzki official

The Mavericks officially signed forwards Dirk Nowitzki and Chandler Parsons. The 36-year-old Nowitzki’s contract is for three years and $30 million . . . The Hawks acquired guard/forward Thabo Sefolosha in a sign-and-trade deal with the Thunder and signed him to three-year, $12 million contract. Atlanta also received the rights to Giorgos Printezis and cash considerations from Oklahoma City for the rights to Sofoklis Schortsanitis and a trade exception . . . Houston’s attempts at landing a third offensive threat this offseason finally paid off in the return of forward Trevor Ariza. The Rockets will send center Omer Asik, forward Omri Casspi and cash considerations to New Orleans, while Houston will also get forward Alonzo Gee, guard Scotty Hopson and a 2015 first-round draft pick from the Pelicans.

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