Bulls, Dwyane Wade agree to a buyout

Chicago IL USA- The Chicago Bulls' Dwyane Wade during the final seconds of his team's 119-114 loss to the Atlanta Hawks at the United Center in Chicago on Wednesday Jan. 25 2017

But rather than opt out, Wade elected to pick up his option.

The Cleveland Cavaliers, San Antonio Spurs and Miami Heat are leaders for Wade once his buyout becomes official, sources told ESPN's Adrian Wojnarowski.

According to multiple reports, the Chicago Bulls have reached a buyout agreement with forward Dwyane Wade.

It's usually a professional athlete's dream to play for his hometown team and Wade was one of the lucky ones to have done it.

Among Wade's expected suitors, the Heat now would have the most money available to offer, at $4.2 million.

Training camp begins Tuesday.

According to Ramona Shelburne of ESPN (via Marks), the Bulls were only $2 million above the league's salary floor with Wade's full salary for this season. The team signaled a shift by trading away Jimmy Butler in June and then electing not to re-sign Rajon Rondo. Earlier Sunday, the team agreed to a new contract with free agent Nikola Mirotic. The veteran shooting guard averaged 18.3 points, 4.5 rebounds, 3.8 assists per game while shooting only 43 percent from the field.

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