Buyout Rumors

Speaking on “The Mully and Hanley” show on WSCR-670 AM Thursday morning, Bulls executive vice president John Paxson echoed the sentiment he stated during the offseason when he said any buyout talks would have to be “advantageous” for the franchise. Translated: Wade would have to give up a significant portion of the $23.8 million he opted into a week before his deadline to do so last June 20.
Storyline: Bulls Front Office
While the Bulls haven’t spoken with Wade directly, Paxson did say general manager Gar Forman has had dialogue with Wade’s representatives in recent weeks. Bulls training camp begins Monday with Media Day activities. “Some dialogue is going on,” Paxson said on The Score. “We understand where (Wade) is at this time of his career. We’re more than willing to work with him. But as I said when we had the press conference to introduce the new players after the draft, we have to always do what’s in our best interest. So there has to be something that is mutually agreed upon. It can’t be something the player wins because that’s what he wants.
Though ESPN reported that LeBron James’ camp expects Dwyane Wade to end up with Cleveland if he reaches a buyout with the Bulls, a Wade associate has been telling people that Miami and Los Angeles are also appealing destinations for Wade. Chicago media has reported recently that no Bulls buyout talks have happened yet with Wade, and it’s unclear when they will happen…The person who mentioned Miami and L.A. to me was the same person who first alerted me to my scoop a few years ago that Wade’s negotiations with the Heat were not going well – the first time that information ever surfaced (and a year later, the sides divorced).