Dwyane Wade Finally Bought Out by Bulls, Now Being Pursued by Cavs, Spurs, and Heat (TWEETS)

Image via Getty

Image via Getty

Dwyane Wade reached a buyout agreement with the Chicago Bulls on Sunday night that essentially makes him a free agent. According to ESPN’s Adrian Wojnarowski, the Bulls will eat $15.8 million of Wade’s $23.8 million salary.



Everyone knew this move was coming after the Bulls traded Jimmy Butler to Minnesota for a couple cans of baked beans ahead of the draft. It’s not really about money, either. Even with Wade’s full $23.8 million on the books the Bulls were just $2 million above the salary floor. The $8 million they’ll save on Wade will take them $6 million below the salary floor. So they’ll have to go out and sign somebody now just to get back up to the minimum payroll.


For the Bulls, the Dwyane Wade buyout is all about tanking as hard and possible this year, earning a premium draft pick (assuming the new NBA draft lottery rules don’t screw them over), and starting next summer with as much cap space as mathematically possible.

For Dwyane Wade, the buyout is a chance to finish his career with a contender. And apparently four contenders have already jumped to the head of the pack.

According to Wojnarowki, the favorites to land D-Wade are Cleveland, San Antonio, and Miami, with Oklahoma City also an outside possibility. Obviously, Cleveland has to be at the top of the list of suitors. Not only do they have the easiest path to the NBA Finals, but Wade is already banana boat buds with LeBron.

That being said, San Antonio has the best coach in the league plus Kawhi Leonard, Miami offers Wade a chance to end his career where it all began, and Oklahoma City now has the reigning MVP and banana boat bud Carmelo Anthony.

Late Sunday night, Wade thanked Chicago for giving him the opportunity to play for his hometown team.

He also said he expects his free agency to end quickly.

“I’m going to take tonight and some of tomorrow and speak to the teams or players that are on my list and go from there,” Wade told the AP on Sunday. “My decision is a pure basketball decision, and I’ll make the one that fits me best at this point in my career and with what I feel I have to offer a team that needs what I have to offer.”

Stay tuned.

Hat Tip – [Deadspin, ESPN]

Tags: chicago bulls, Cleveland Cavaliers, Dwyane Wade, Miami Heat, NBA, San Antonio Spurs,