Jack Brickman
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It's not that Wade would take a $10m pay cut, it's that he would force a sign-and-trade to Cleveland or leave Miami with nothing. In that instance, Riley/Arison are faced with the decision to let him walk and get nothing in return, or to simply facilitate the trade and get a few picks and some minimal assets.
And Wade, AFAIK, isn't asking for the max; he's asking for 2 more years at the same pay scale.
Right now he's at $16.1m but with 1 year left; he wants that year plus 2 more guaranteed (he'd be 37 by the end of his next contract).
The issue is, what exactly are we giving up to get Wade in this scenario? I wouldn't want to give up anything significant for a 33 year old Wade, and I don't believe we can trade Thompson, Delly, or Shumpert anyway until December 15th (assuming we re-sign them all). So what are we giving up? Our first round pick this year? If that were all I was getting in return, I'd tell Wade to fuck off if I were Riley.