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Bulls Buy Out Dwyane Wade

2017/09/bulls-dwyane-wade-reach-buyout-agreement.html

SEPTEMBER 24, 8:36pm: The Bulls and Dwyane Wade have reached an agreement on a buyout, K.C. … Per Bobby Marks of ESPN, the Heat can sign Wade for $4.2MM and the Spurs can sign him for $3.3MM.

Latest On The Carmelo Anthony Trade

2017/09/latest-on-the-carmelo-anthony-trade.html

The addition of Anthony could put the Thunder in the running to sign Dwyane Wade once he reaches a buyout with the Bulls, tweets Chris Mannix of the Vertical. … OKC added free agent Patrick Patterson this summer and re-signed defensive ace Andre Roberson and may now have the pieces to challenge Golden State in a seven-game series.

Paxson Reiterates Bulls’ Willingness To Negotiate Buyout With Wade

2017/09/paxson-reiterates-bulls-willingness-to-negotiate-buyout-with-wade.html

While Dwyane Wade is expected to open the regular season with the Bulls, a buyout remains a strong possibility at some point during the league year. … The Bulls remain well below the salary floor at this point, so it's not as if the club needs to save money in negotiations with Wade in order to put that money toward another signing.

NBA Teams That Can’t Offer More Than The Minimum

2017/09/nba-teams-that-cant-offer-more-than-the-minimum.html

For instance, if Dwyane Wade negotiates a buyout with the Bulls and considers which team to join as a free agent, the fact that the Heat have retained their $4.328MM room exception could be a factor -- it would allow Miami to make a stronger offer than the Cavs could. … There are some exceptions, particularly on the restricted free agent market, where Mason Plumlee just signed a three-year, $41MM deal with the Nuggets.

Central Notes: Wade, Irving, Quicken Loans Arena

2017/09/central-notes-wade-irving-quicken-loans-arena.html

While there's reason to believe that Dwyane Wade would graciously accept a buyout from the Bulls, he's not going to put up a fuss about it, Joe Cowley of the Chicago Sun-Times writes. … Wade averaged a respectable 18.3 points per game for the Bulls last season and could no doubt contribute to a contender should he be bought out and freed up to sign with one.

2018 NBA Free Agent Power Rankings

2017/09/2018-nba-free-agent-power-rankings.html

Zach LaVine, G, Bulls… A handful of top-tier restricted free agents figure to sign extensions with their current teams before opening night in October, and it's possible that a couple veterans will do so as well -- Russell Westbrook, for instance, could ink a Designated Veteran Extension with the Thunder within the next month.

Latest On Dwyane Wade

2017/09/latest-on-dwyane-wade-2.html

Dwyane Wade feels misled by the Bulls and hasn't talked with anyone from the front office for two months, writes Alex Kennedy of HoopsHype. … The next day, the Bulls traded Jimmy Butler to the Timberwolves and signaled the start of a rebuilding process.

Central Notes: Hawes, Markkanen, Bulls, ‘The Q’

2017/09/central-notes-hawes-markkanen-bulls-the-q.html

Bulls officials aren't concerned about an injury that rookie Lauri Markkanen suffered during Saturday's EuroBasket tournament, according to Vincent Goodwill of CSNChicago (Twitter link). … The 10-year veteran is now free to sign with anyone and has a little more than three weeks to find a team before training camps open.

Community Shootaround: Buyout Rules

2017/08/community-shootaround-buyout-rules.html

Wade seems likely to negotiate a buyout with the Bulls at some point this season, then is expected to join former Heat teammate LeBron James in Cleveland. … Under the NBA's current rules, players who reach buyout agreements become unrestricted free agents and are able to sign with anybody.

Decisions On 2018/19 Rookie Scale Team Options

2017/08/decisions-on-201819-rookie-scale-team-options.html

Chicago Bulls… Under the NBA's new Collective Bargaining Agreement, the deadline for teams to sign fourth-year players to rookie scale extensions has been moved up from October 31 to the last day before the regular season begins, but Halloween remains an important date on the NBA's calendar.

Eastern Notes: Wade, Bradley, LeVert, Pierce

2017/08/eastern-notes-wade-bradley-levert-pierce.html

A buyout agreement between Wade and the rebuilding Bulls is possible, though not close to happening. … Goran Dragic and Dion Waiters, who was re-signed this summer, are the starters and Tyler Johnson is being paid lavishly to be the main backup.

Community Shootaround: Dwyane Wade

2017/08/community-shootaround-dwyane-wade-2.html

The Bulls inked Dwyane Wade to a two-year contract last offseason, but the franchise has undergone some renovations with an eye on rebuilding for the future. … Do you feel Wade should sign with any of the aforementioned teams or is there another club that would be a better fit? Let us know your thoughts in the comment section below.

Durant Says He Will “Never” Sign With Knicks

2017/08/durant-says-he-will-never-sign-with-knicks.html

Dwyane Wade, who met with New York last summer before signing with the Bulls, represents the last free agent fresh off an All-Star appearance to sit down with the club. … The franchise hasn't had much luck attracting top talent to play for the team since it re-signed Carmelo Anthony to his current deal back in 2014.

Pelicans Sign Rajon Rondo

2017/07/pelicans-reach-agreement-with-rajon-rondo.html

After he was waived by the Bulls last month, Rondo drew interest from several teams including the Lakers and Knicks. … The signing is now official.

Bulls Notes: Wade, Rondo, LaVine, Butler

2017/06/bulls-notes-wade-rondo-lavine-butler.html

Now that Dwyane Wade has opted into the final year of his contract with the Bulls, the team doesn't appear to have much interest in buying him out, as Nick Friedell of ESPN.com writes, Executive VP of basketball operations John Paxson told reporters today that the Bulls and Wade's camp haven't discussed a buyout for the veteran guard, and for the club to consider such a move, it would "have to be advantageous for us." In other words, Wade would likely have to give back a significant chunk of his $23.8MM salary for the 2017/18 season if he wants out of Chicago. … While it's possible the Bulls will cut Rondo and try to re-sign him at a lower number than his current $13MM+ salary, that looks like a long shot, tweets K.C.

Five Key Stories: 6/17/17 – 6/24/17

2017/06/five-key-stories-61717-62417.html

The Bulls traded Jimmy Butler to the Timberwolves. … Kevin Durant will decline his player option with the Warriors, but plans to re-sign with the team in July.

Bulls Notes: Rebuild, Rondo, Mirotic, Wade

2017/06/bulls-notes-rebuild-rondo-mirotic-wade.html

Bulls executives Gar Forman and John Paxson spoke to reporters late on Thursday night in the wake of the blockbuster trade that sent Jimmy Butler to Minnesota and signaled a full-scale rebuild in Chicago. … Despite using the seventh overall pick on Lauri Markkanen, a stretch four, the Bulls intend to re-sign Nikola Mirotic as a restricted free agent, Paxson said (Twitter link via K.C.

Eastern Notes: Howard, Hawks, Wade, Wizards

2017/06/eastern-notes-howard-hawks-wade-wizards.html

Asked why he decided to exercise his player option to remain with the Bulls, a candid Dwyane Wade told David Aldridge of TNT that there were "24 million reasons" (Twitter link). … Tuesday's trade between Atlanta and Charlotte, which sent Dwight Howard to the Hornets for an underwhelming package that included Miles Plumlee and Marco Belinelli, signaled to many that Howard's value is at a low point.

Jimmy Butler Warned Not To Come To Cleveland?

2017/06/jimmy-butler-warned-not-to-come-to-cleveland.html

11:28am: Several Cavaliers players have advised Bulls star Jimmy Butler to resist any trade to Cleveland, according to Joe Cowley of The Chicago Sun-Times. … Unidentified players, who had been encouraging Butler to seek a deal to the Cavs, are now telling him to stay away from the sudden chaos in the organization after the decision not to re-sign GM David Griffin.

Free Agent Rumors: Lowry, Ginobili, Teague, Sixers

2017/06/free-agent-rumors-lowry-ginobili-teague-sixers.html

Meanwhile, Joe Cowley of The Chicago Sun-Times reports that Jimmy Butler "has been in [Lowry's] ear" about joining the Bulls since the two played together for Team USA. … In the wake of a report that cast some doubts on whether Kyle Lowry intends to re-sign with the Raptors, Sean Deveney of The Sporting News examines the point guard's situation, suggesting that Lowry returning to Toronto is still the most likely outcome.

Hoops Rumors’ 2017 NBA Mock Draft

2017/06/hoops-rumors-2017-nba-mock-draft.html

LA: The Bulls' approach to the draft may hinge somewhat on what happens - or at least what the team expects to happen - with Jimmy Butler and Dwyane Wade. … The Hawks will need frontcourt help even if they re-sign Paul Millsap, and Allen would be a good investment in the future.

Hoops Links Vol. 7: Fan Loyalty, International Coups, More

2017/06/hoops-links-vol-7-fan-loyalty-international-coups-more.html

The Bulls should start talking to Dwyane Wade about stepping into a sixth man role prior to his player option deadline later this month, Tyler Pleiss of Blog a Bull suggests. … The Lakers made a mistake signing Luol Deng to a four-year, $72MM contract last season and now the new executive regime in Los Angeles can try to fix it.

Central Rumors: Wade, Bucks, Teague, Butler

2017/05/central-rumors-wade-bucks-teague-butler.html

Most people around the Bulls organization expect shooting guard Dwyane Wade to opt in for next season, according to K.C. … The Pacers need to re-sign Jeff Teague but the cost will be substantial, according to Jay Siskin of AmicoHoops.net.

2017 Offseason Salary Cap Digest: Chicago Bulls

2017/05/2017-offseason-salary-cap-digest-chicago-bulls.html

The Bulls' approach to the 2016 offseason was a vexing one, as they stocked up on veteran perimeter players with poor outside shots. … With only two sizable guaranteed contracts on their books for next season, the Bulls could clear a significant chunk of cap room.

Latest On Carmelo Anthony

2017/04/latest-on-carmelo-anthony-7.html

He can submit a list of teams that he would agree to be traded to, which would presumably include joining friends LeBron James with the Cavaliers, Chris Paul with the Clippers or Dwyane Wade with the Bulls. … However, that would leave the team unable to re-sign James Johnson and Dion Waiters.