A person with knowledge of the negotiations says Dwyane Wade and the Chicago Bulls have agreed to terms on a buyout agreement, meaning the three-time NBA champion is about to become a free agent.
Wade is considering several options, including a potential return to Miami and a reunion with LeBron James in Cleveland, according to the person who spoke to The Associated Press on condition of anonymity Sunday because the buyout has not been formally completed.
The Cavs have emerged as favorites to land Wade after he agreed to a buyout agreement, according to sources who spoke to ESPN.com
Wade is entering his 15th season. The 12-time All-Star was in line to make about $24 million this season from the Bulls, who traded Jimmy Butler away this summer and are entering a rebuilding phase.
After the Butler trade, it was evident Wade was getting a buyout. The question was when.
Wade has a long-standing relationship with James who attempted to recruit Wade to Cleveland last summer.
Wade, speaking to the AP on Sunday, indicated he might decide his next move quickly.
"I'm going to take tonight and some of tomorrow and speak to the teams or players that are on my list and go from there," Wade told AP. "My decision is a pure basketball decision, and I'll make the one that fits me at best at this point in my career and with what I feel I have to offer a team that needs what I have to offer."
