David Aldridge: Strong belief remains this morning per league sources that @DwyaneWade winds up in Cleveland after Bulls buyout.
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Anthony Chiang: Heat spokesman says because Dwyane Wade buyout is not official yet, team is limited in what they can say about him. So, keep that in mind.
Three months after trading Jimmy Butler and waiving Rajon Rondo, the Bulls reached agreement on a buyout with Dwyane Wade on Sunday night, the eve of training camp. A source said Wade gave up roughly $8 million to $9 million of the $23.8 million he stood to make after picking up his player option on June 20, two days before the Butler deal.
Adrian Wojnarowski: Dwyane Wade gave back approximately $8M of his $23.8M salary to reach buyout agreement with Bulls, league sources tell ESPN.
Ramona Shelburne: Why would Bulls do a buyout for @Dwyane Wade ? @Bobby Marks tells me they’re only $2 million above the salary floor w/ full Wade salary. In other words, doesn’t actually help the Bulls to get $ back from Wade because they have to hit the salary floor anyway
Adrian Wojnarowski: Cleveland’s clear frontrunner with LeBron James, but Wade may take a little time to decide, league sources tell ESPN.
Alex Kennedy: Keep an eye on CLE and OKC. MIA is a possibility, but they seem to want Wade off the bench (and he wants to start).
Alex Kennedy: LeBron James and Dwyane Wade have obviously talked throughout the summer. I’m told CLE has made it clear Wade would start if he signs.
Bobby Marks: What do teams have to offer Dwyane Wade? MIA: $4.2M SAS: $3.3M CLE: $2.5M OKC: $2.3M The minimum for Wade is $2.3M
KC Johnson: The Bulls and Dwyane Wade have reached agreement on a buyout, per sources.
Adrian Wojnarowski: Sources: Cleveland, San Antonio and Miami are leaders for Dwyane Wade post-Bulls buyout. OKC could become factor too.
Royce Young: As a few have pointed out, this is Dwyane Wade’s most recent like on Twitter:
Riley said what will endure are Wade’s accomplishment’s over his 13 seasons with the Heat, including three NBA titles. “Other than actually being in love with Dwyane Wade because of our relationship over 13 years when he was here, and remembering when Jason Terry missed that shot in Dallas and Dwyane collared the rebound, threw it to the heavens and we won the championship and he was MVP of that series,” Riley said of the 2006 NBA Finals, “other than that, if something happens, and I can speak to this because he’s under contract to them, I’m just speaking of my experience with Dwyane.”
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.
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.
All eyes will be on Wade as he enters his 15th season, with the 6-4 hometown kid’s stay in Chicago possibly nearing its end. After fellow guard Jimmy Butler was dealt to Minnesota in a draft-night trade, Wade — who had exercised his $23.8 million option for the 2017-18 season — made it known in his circles that he wanted a buyout. According to one source, however, he has not gone to the front office with that request. Don’t expect that to change. According to the same source, Wade is hoping the Bulls approach him first — with a suitable monetary amount.
As for where Wade’s 15th season begins, the 12-time All-Star guard told the Tribune in advance of receiving the Mannie Jackson Human Spirit Award he plans to report to Bulls training camp that begins Sept. 25. “The only thing I’ll say is right now my plan is to be in training camp,” Wade said.
Asked if he wants a buyout, Wade said: “What’s funny is I haven’t said anything…. It’s a reason for that. I’m not about the going back and forth. A lot of people make it that way. I’m not about the going back and forth. When the time is right for me and the Chicago Bulls to sit down and talk about the future, we will do that. The time hasn’t been right obviously to this point. But I will be in Chicago soon enough and hopefully we get an opportunity to sit down and talk about the future and the direction and go from there. I’m 35 years old. I’m a grown man. I can definitely sit across the room from you and listen to your truth and hopefully hear mine and go from there.”
No buyout talks have transpired since the Butler trade, which came two days after Wade exercised his $23.8 million player option. Wade had another week before the deadline on that decision. The Bulls have said any buyout would have to be “advantageous for the organization.” Nevertheless, speculation has run rampant that Wade will be elsewhere at some point next season. “It’s the world we live in,” Wade said. “Everyone’s going to speculate.”
Wade’s frustration stems from the fact that he feels the front office misled him about the direction of the team. As his June 27 deadline to opt-in to the final year of his contract approached, the veteran shooting guard wanted assurances from the front office that the Bulls would field a competitive team during the 2017-18 season. Wade didn’t want to opt-in and then watch the franchise enter a rebuilding period. Sources close to the situation say that Wade received those assurances. Jimmy Butler was also given the impression that he wouldn’t be traded, according to league sources.
Since the Butler trade, Wade hasn’t spoken to anyone in the Bulls’ front office. He’s had a few brief chats with head coach Fred Hoiberg, but they haven’t talked about anything team-related. The three-time champion is upset because he doesn’t want to waste one of the final years of his NBA career on a lottery team. That’s why recent reports have suggested that a buyout is imminent.
Wade is prepared to report to the Bulls if a buyout can’t be reached, but league sources say he has started considering potential options in the event that he hits unrestricted free agency. While it’s far too early to label any team as a frontrunner to add Wade, sources close to the situation said that the Cleveland Cavaliers and Miami Heat are two teams to watch as this unfolds.
Wade and his former teammate LeBron James are obviously still very close and Cleveland would give the 12-time All-Star his best chance to compete for a fourth title. If the Cavs were to land Wade, sources familiar with the situation said they would likely make him a starter and move JR Smith into a sixth man role.
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).
On Saturday, Haslem reiterated his desire to see Wade return to Miami, the city where he played his first 13 years in the NBA before bolting for Chicago. Wade exercised the option in his contract this summer and will earn $23.8 million. But speculation began immediately of a buyout that would allow the 35-year-old Wade to sign with any other team.
“I would love to have him back, everybody knows that,” Haslem said. “Not only is he a great competitor, great teammate I learned a lot from but also a friend of mine, I consider him a brother. I just want Dwyane to be happy. This is the last lap for us both. We deserve to finish it the right way. Whatever makes him happy finishing his career. … hopefully it’s in Miami. I would love for it to be Miami. I want him to finish it right and have no regrets.”
“We talked about finishing our careers together,” Haslem said. “We really want it to be the case. Plans change. So if it doesn’t happen it doesn’t put any strain on our relationship but it’s still a goal of mine. Hopefully we can end it that way.”
TMZ: Dwyane Wade: I’m Meeting with LeBron This Week. Dwyane Wade: Or GO to dinner. Like friends do. Not Meet for dinner there’s a difference.
Nick Friedell on ESPN discussing Wade getting bought out: “This is inevitable. It’s coming. It’s a matter of when, not if.”
Nick Friedell: “I’d really be surprised if it happened before the season. I still think it’s more likely that it’ll happen probably somewhere in December or January. But this is a divorce that’s going to happen. It’s just going to take some time.”
Nick Friedell: “The young players on the Bulls really can’t stand Dwyane, and it’s the little secret in Chicago. They have had enough.”
While LeBron James is reportedly confident that old friend Dwyane Wade will ultimately join him on the Cleveland Cavaliers this coming season, some of Wade’s Chicago Bulls teammates might be happy to see him go. “The young players on the Bulls really can’t stand Dwyane,” ESPN’s Nick Friedell said on “The Jump” on Tuesday. “It’s no secret in Chicago, they have had enough.”
Will the Bulls and Dwyane Wade reach a buyout? Apparently, not only do people close to LeBron James believe it’ll happen, they have a read on Wade’s destination. Joe Vardon of Cleveland.com: “As of right now, people close to James are fairly confident that, at some point this year, Dwyane Wade is going to end up on the Cavs.”
Let the rumor mill continue to churn. Dwyane Wade’s children have moved back to south Florida to attend school, according to Miami radio host Andy Slater. Wade’s kids attended school in Chicago last year.
Ellington, who joined the Heat in the wake of Wade’s departure, said he appreciated the talk of a potential Wade return, well aware of the respect in South Florida from Wade’s first 13 NBA seasons. “Obviously this is something that D-Wade helped build,” the 3-point specialist said, “so obviously this city and us as a team being able to have somebody like that on our team would be amazing.”
Ira Winderman: Hassan Whiteside on a possible Wade return: “It’d be great. It’s a three-time NBA champion coming back, coming in and really helping.”
Miami Heat captain Udonis Haslem has some advice – and a message – for his good friend, Dwyane Wade. “My advice to him is, ‘Hey, we’d love to have you but take it one step at a time, take it one day at a time,” Haslem said today on the Joe Rose Show on 560WQAM. “The situation with Chicago and everything that’s going on it’s just a frustrating situation on both sides and I think he just made a decision based on frustration.” Haslem, who is about to start his 15th season with the Heat, spent 13 of those with Wade. With speculation Wade and the Chicago Bulls are headed for a breakup via a buyout, Haslem is hoping to be reunited with his friend.
The Chicago Bulls expect veteran guard Dwyane Wade to begin next season on the team’s roster, despite speculation throughout the league regarding a potential buyout between the former All-Star and the team.
When asked on Sunday whether he thought Wade would be bought out before the season begins, Bulls head coach Fred Hoiberg didn’t foresee that happening. “As of right now, no,” Hoiberg said. “I don’t see that.”
The widespread belief amongst team officials is that Wade won’t give back enough money to make a buyout worth the Bulls’ while and is content to start the season with the Bulls under the same lucrative deal. The odds remain very high that Wade would actually finish next season in Chicago, but a potential buyout closer to the February trade deadline figures to be broached later in the year.
Vincent Goodwill: Bulls coach Fred Hoiberg said he doesn’t anticipate Dwyane Wade being bought out this summer. Said they’ve spoken via text since trade
Nick Friedell: Fred Hoiberg says he has been in contact with Dwyane Wade a couple times throughout the summer. Still sounds as if Wade will start the season on the Bulls’ roster.
The state of their franchises, Anthony’s New York Knicks and Wade’s Chicago Bulls, could soon make them buyout candidates. The Cavs will have no influence on their futures short of LeBron James lobbying his two close friends to join him in Cleveland if those buyouts are offered, but a “brOhio” partnership is possible before the 2018 playoffs begin.
Wade is a lock to get bought out next season. The Bulls have cap space, but they also have a chance to step into the league’s tanking vacuum — especially if the Kings, after a great draft night, follow through on plans to chase big-money veteran free agents.
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June 23, 2018 | 10:12 pm EDT Update
The Suns will be busy before July 1. Expect them to renounce their rights to center Alex Len and point guard Elfrid Payton, making them both free agents. Ayton’s addition has made Len expendable, and while Phoenix still needs point-guard help, Payton’s inconsistent play last season and, more importantly, his $10 million cap hold figure, likely means he’s played his last game in a Suns uniform. Letting Len and Payton walk will put Phoenix approximately $10 million under the cap.
The drafting of 7-footer Mitchell Robinson in the second round Thursday has put 7-foot-1 center Luke Kornet’s future in flux, according to sources. Kornet was on a two-way contract last season after being undrafted last June and the Knicks have extended a qualifying offer for another two-way deal ahead of his restricted-free agency.
If another club gives the former Vanderbilt star an offer for the regular minimum contract for a second-year player ($1.2M), there could be a chance the Knicks don’t match it, pending Robinson’s summer-league performance. According to a source, there will be a handful of clubs with a passing interest. The stickiest part is Kornet, a new-age outside-shooting 3-point shooter who played 20 games, may not play Knicks summer league because of the uncertainty.
Michael Scotto: Former 2013 first-round draft pick Archie Goodwin will play in Summer League with the Portland Trail Blazers, a league source told The Athletic. Goodwin was in training camp with Portland last year.
Brett Brown, interim 76ers general manager, apparently doesn’t believe in hitting singles. He’s all about swinging for the fences. Brown isn’t hoping to add a role player to help the team he coaches — he’s looking for a difference-maker to get the Sixers from 52 wins a year ago to a championship contender. He made that clear Thursday night during and after the NBA Draft, and again during Friday’s news conference introducing first-round picks Zhaire Smith and Landry Shamet. “The whole notion of star hunting, star chasing, star development is at the forefront of everything we do,” Brown said. “I would just like to go there to admit it to all of us. The timeline is now.”
It might be more likely they end up with none of them, but Brown sees no reason to try to make a minor move at this point. “I’m here to win a championship,” Brown said Friday. “We are star hunting … (and) you need assets to trade for a star. That unprotected pick is gold.”