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.
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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.
One of the most respected figures in all of basketball, Collins returns to the Bulls with more than 40 years of experience in the NBA. In this capacity, he will serve as an expert resource for the front office and coaching staff. “Doug will be great in this capacity for our organization. The position of ‘senior advisor’ has proven to work well around the NBA in recent years, and I am confident the same will hold true with the Bulls,” said Chicago Bulls Chairman Jerry Reinsdorf. “The fact that our relationship goes back more than 30 years certainly helps, but he is especially qualified to assist our leadership in rebuilding the Bulls.”