UPDATE: Dwyane Wade cancels meeting with Bucks

UPDATE: Zach Lowe of ESPN reports that Dwyane Wade has cancelled his meeting with the Milwaukee Bucks, citing unnamed sources. He’s also cancelled meetings with some other teams during this free agency period.

Rumors had also been circulating that LeBron James and the Cleveland Cavaliers were hoping to meet with Wade.

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MILWAUKEE — The Milwaukee Bucks will reportedly meet with veteran free agent Dwyane Wade on Wednesday to discuss a potential return to the city he called home during his college days at Marquette.

The Miami Heat have offered Wade a two-year, $40 million contract after the Golden State Warriors signed one of Miami’s main targets, Kevin Durant. Many analysts believe the Bucks can sway Wade to come to Milwaukee by offering a third year on their contract offer, but they wouldn’t be able to match Miami’s dollar offer because of Greg Monroe’s contract. NBA writer Frank Madden believes Milwaukee’s odds at landing Wade hinge mainly on moving Monroe and his $17 million.

It’s still possible Milwaukee gets some shooting help,  after reports surfaced that the Cleveland Cavaliers likely won’t match the Bucks’ four-year, $38 million offer sheet for Matthew Dellavedova. The deadline for the moratorium period is 11:01 p.m. CT on Wednesday.

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