Wade, Bulls to part ways, says report

AFP

Dwyane Wade and the Chicago Bulls have agreed to part ways after the veteran point guard's first season with his hometown team, US media reported on Sunday night.

The 35-year-old Wade has reached a buyout agreement with the Bulls, according to American broadcaster ESPN.

Wade, who has been hit by a series of injuries the past few seasons, was slated to make US$23.8 million with the Bulls in 2017-18. Once he clears waivers, he can listen to offers from other teams.

The Cleveland Cavaliers, Oklahoma City Thunder, San Antonio Spurs and his former Miami Heat team could all make a pitch for Wade. The Cavaliers are believed to be the frontrunners.

Wade, who grew up on Chicago's south side, averaged 18.3 points and 3.8 assists in 60 games for the Bulls last season. It was his lowest point totals since his 2003 rookie season.

Elsewhere, a person with knowledge of the situation says the Bulls and forward Nikola Mirotic have agreed to a two-year contract that could pay as much as US$27 million.

The person spoke to The Associated Press on the condition of anonymity on Sunday because the deal has not been announced. The Bulls hold an option on the second year.

The 6-foot-10 Mirotic averaged 10.6 points last season. He has scored 10.8 per game over three seasons.

The Bulls are rebuilding after winning 41 games and losing in the first round of the playoffs. They traded All-Star guard Jimmy Butler to Minnesota on draft night for three players 23 and younger — Zach LaVine, Kris Dunn and the rights to No. 7 overall pick Lauri Markkanen.

Yahoo Sports first reported the agreement.