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It looks like Dwayne Wade will no longer play for the Bulls this upcoming season.
According to CSN Chicago's Vincent Goodwill confirmed the report that the Bulls and Wade have reached an agreement on a buyout. It was first reported by Chicago Tribune's K.C. Johnson.
Wade signed a two-year, $47.5 million deal with the Bulls last July and averaged 18.3 points, 4.5 rebounds and 3.8 assists per game in 60 games with the Bulls. This summer, Wade exercised his player option for the second year of the contract, worth $23.8 million.
Wade picked up his option just two days before the Bulls traded Jimmy Butler on draft night and went into rebuild mode. ESPN's Adrian Wojnarowski reported that Wade gave back approximately $8 million of that option.
Wojnarowski also reported Cleveland, San Antonio, Miami and Oklahoma City are the contenders to sign Wade.
Shawn Stewart is Host of The Shawn Stewart Show Tues-Thurs 6-8pm est on Sports 4 Fanz Radio.