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Report: Bulls, Wade reach buyout

As expected, the Chicago Bulls and guard Dwyane Wade have reached a buyout agreement, according to the Chicago Tribune.

ESPN is adding that the Cleveland Cavaliers, San Antonio Spurs, Miami Heat and Oklahoma City Thunder are the teams to watch out for in the Wade sweepstakes, with LeBron James and the Cavs as the clear frontrunners to sign the future Hall of Famer.

After the Bulls traded Jimmy Butler on draft night, insiders around the league knew it was just a matter of time until Wade was on his way out as well. Chicago is beginning a long rebuild process and Wade had no aspirations of being a part of it.

Wade, 35, averaged 18.3 points, 4.5 rebounds and 3.8 assists per game last season, his first in Chicago after spending 13 years in Miami.

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