Bulls, Dwyane Wade Reach Agreement On Buyout

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After months of discussions between himself and the organization, Dwyane Wade has officially reached a buyout agreement with the Chicago Bulls.

According to ESPN's Wojnarowski, he gave back about a third of his salary - $8 million - to become a free agent.

With the trade of Jimmy Butler to the Minnesota Timberwolves, Dwyane felt snubbed in Chicago as he was the lone star player at the time.

After all of the reports that Wade and the Bulls front office not really speaking about a buyout, everything changed late on Sunday night.

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Citing anonymous sources, ESPN's Adrian Wojnarowski is reporting that Cleveland is the "clear frontrunner" in the Wade sweepstakes, although the three-time National Basketball Association champ is expected to take a "little time" to decide his next move.

ESPN's Adrian Wojnarowski adds that as of now, the Cleveland Cavaliers are the frontrunners to sign Wade, and the San Antonio Spurs as well as the Miami Heat are in the mix as well.

The Bulls begin training camp on Monday.

Now that Wade will be off the Bulls' books this season, they still have some space to fill on the current roster.