The former Miami Heat superstar and three-time champion's jersey was lifted to the rafters during a ceremony at AmericanAirlines Arena.
Eight teams have qualified for the Summer League playoffs, which the Boston Celtics enter as the number one seed.
Wade has previously used his profile to help the community after the tragic 2018 shooting at Marjory Stoneman Douglas High School.
Golden State has been able to field five All-Star in its line-up since signing DeMarcus Cousins.
The 31st meeting between the two friends ended with LeBron leading the Lakers to a 108-105 win over the Heat.
The 10-time All-Star is expected to leave the Oklahoma City Thunder this summer.
Wade scored a season-high 28 points as the Heat leveled the series in Philadelphia.
Embiid watched from the bench as Philadelphia lost at home to Miami in Game Two of their first-round series.
"It always comes fresh and hot, salty, a little bit of butter."
Bryant won two titles after Shaq left for Miami in summer 2004.
Miami Heat ended Celtics' 16-game winning streak with a 104-98 victory.
The Cavs star has won it all, but he has just one more thing to tick off before he retires.
The four-time MVP can opt out of his contract in Cleveland next summer. Can the team convince him not to?
The Cavs star can opt out of his contract at Cleveland next summer. But is he heading for New York?
James, the four-time MVP, has the option to leave Cleveland next summer. Durant debated whether he should do or not.
The 32-year-old has a strong relationship with Magic Johnson, but is it strong enough?
Irving reportedly wants a move away from Cleveland.
The Cavaliers star can opt out of his contract in Cleveland next summer.
Cleveland has endured a difficult summer.
The Cavaliers' star won two of his three NBA Championships with the Heat.
Dion Waiters played with both men.
Miami, Boston and Utah are all in the mix for his signature.