Bulls, Dwyane Wade agree to a buyout


Earlier, it was reported that Dwyane Wade and the Chicago Bulls have agreed to part ways via a buyout deal.

Citing anonymous sources, ESPN's Adrian Wojnarowski is reporting that Cleveland is the "clear frontrunner" in the Wade sweepstakes, although the three-time National Basketball Association champ is expected to take a "little time" to decide his next move.

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Wade, according to the repot from K.C. Johnson, will give up between $8-10 million of his $23.8 million dollar contract for the 2017-2018 season.

Last week, Heat president Pat Riley hinted at the team's desire to bring Wade back: "Anything that happens from a personnel standpoint down the road or any opportunities that are there, we're always going to approach that", Riley said about Wade. The Spurs have $3.3 million, and the Cavs have $2.5 million.

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His departure is just the latest move the Bulls have made as they begin an in-earnest rebuilding effort.

Wade averaged 18 points through 60 games previous year.

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Wade signed a two-year, $49 million contract with Chicago in summer 2016 with a player option for the second year for $24 million.