The Chicago Bulls and shooting guard Dwyane Wade reached a buyout on Sunday night, as reported by K.C. Johnson of the Chicago Tribune.
The Bulls and Dwyane Wade have reached agreement on a buyout, per sources.
— K.C. Johnson (@KCJHoop) September 25, 2017
According to ESPN’s Adrian Wojnarowski, Wade gave back approximately $8 million of the $23.8 million he was owed to reach the buyout agreement. Wade was reportedly unhappy with the direction of the Bulls franchise, which seems to be in rebuild mode.
Dwyane Wade gave back approximately $8M of his $23.8M salary to reach buyout agreement with Bulls, league sources tell ESPN.
— Adrian Wojnarowski (@wojespn) September 25, 2017
In addition, Wojnarowski is reporting that the Cleveland Cavaliers are the clear frontrunners to land Wade, due to his relationship with superstar LeBron James.
Cleveland's clear frontrunner with LeBron James, but Wade may take a little time to decide, league sources tell ESPN. https://t.co/onXPOeaYfG
— Adrian Wojnarowski (@wojespn) September 25, 2017
If the Cavs were to indeed land Wade on what is expected to be a $2.5 million deal, they would be the deepest team in the league, with a potential starting five of Isaiah Thomas, Wade, James, Kevin Love, and Tristan Thompson.