Bulls, Wade Agree to Buyout; What’s Next in Chicago?

Dwyane Wade and the Chicago Bulls have agreed to a buyout as the Cleveland Cavaliers become front-runners for his services.

And just like that, Dwyane Wade’s tenure with his hometown Chicago Bulls is over.

Wade and the Bulls agreed to a buyout on Sunday. He was set to make $23.8 million this upcoming season and according to Adrian Wojnarowski, will leave $8 million of that on the table in the buyout.

Wojnarowski added the Cleveland Cavaliers are the clear front-runners for his services because of his friendship with LeBron James, but the Oklahoma City Thunder are also in the mix.

But where does this leave the Chicago Bulls? It’s sure to be a tough season and the start of a rebuild for Chicago in 2017-18.

On draft night, the Bulls traded their #16 pick and All-Star Jimmy Butler to the Minnesota Timberwolves for Zach LaVine, Kris Dunn, and the Timberwolves’ #7 pick in the draft, which they used to select Finnish freshman center/power forward Lauri Markkanen from the University of Arizona. Markkanen tore it up at FIBA EuroBasket, so that’s something!

After bringing in Doug Collins as a senior advisor, re-signing Nikola Mirotic to a two-year, $26 million deal on Sunday, and saying they’ll have a conservative approach to Zach LaVine’s return, the storylines for the Bulls are aplenty.

Are they hoping to tank and grab a top player from the coveted 2018 NBA Draft? Will they strive for a playoff spot with their young stars? Training camp opens Monday and hopefully for Chicago fans, some of those questions will begin to be answered.