Dwyane Wade and Chris Bosh have both opted out of their contracts with the Miami Heat, according to a report from Yahoo sports.

Adrian Wojnarowski, citing sources, claims that Wade, Bosh, and journeymen Udonis Haslem have all opted out of their deals in hopes that LeBron James will resign with the Heat.

James is seeking a full maximum contract extension with Miami, and by league rule, can sign a five-year, $130 million extension.

Wade had two-years and $42.5 million left on his deal. Bosh had two-years at $43 million.

Since Bosh and James joined the Heat 4 seasons ago, the trio of Wade, Bosh, and James (nicknamed 'The Big 3') has reached the NBA Finals all 4 years, winning two championships in 2012 and 2013.