After months of rumors surrounding the situation, star guard Dwyane Wade has reached a buyout agreement with the Chicago Bulls. K.C. Johnson of the Chicago Tribune was first to report the news.
The Bulls and Dwyane Wade have reached agreement on a buyout, per sources.
— K.C. Johnson (@KCJHoop) September 25, 2017
Wade was due $23.8 million this season, an option he picked up fully intending to play out the season with then-teammate Jimmy Butler. Soon after, the Bulls traded Butler and went into full-tank mode, something Wade has no interest in this late in his career.
According to ESPN's Adrian Wojnarowski, Wade gave back about eight million from his $23.8 million deal with the Windy City team.
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
Speaking with the Chicago Tribune following the news, Wade says it was a dream to play for his hometown of Chicago and has no complaints about the organization.
Wade tells Tribune: "It was a dream for me to play in Chicago. We made playoffs. But org decided to go in new direction. I respect that."
— K.C. Johnson (@KCJHoop) September 25, 2017
Wade: "There are a lot of things that have been said about the Bulls front office and ownership. But for me, I have no complaints."
— K.C. Johnson (@KCJHoop) September 25, 2017
Wade ended up playing just 60 games in one season for his hometown Chicago Bulls, averaging 18.3 points, 4.5 rebounds, 3.8 assists, and 1.4 steals per game on 43.4-percent shooting from the field in what was a drama-filled 2016-17 season.
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