Dan Feldman

NEW YORK, NY - NOVEMBER 27:  Dwyane Wade #3 of the Miami Heat tries to pass as Jose Calderon #3 of the New York Knicks defends at Madison Square Garden on November 27, 2015 in New York City.NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Elsa/Getty Images)

Report: In other trade to clear space for Dwyane Wade, Bulls trade Jose Calderon to Lakers

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Update 4: Johnson:

That about settles it. A second-rounder or two is fine for the Lakers, but it’s nothing to get excited about.

 

Update 3: Bresnahan:

With conflicting information, we’ll have to wait and see.

 

Update 2: K.C. Johnson of the Chicago Tribune:

That’s even less.

What are you doing, Lakers?

 

Update: Mike Bresnahan of Time Warner Cable SportsNet:

That isn’t much.

 

The Bulls are clearing space to sign Dwyane Wade.

First, Chicago sent Mike Dunleavy to the Cavaliers.

Now, Jose Calderon is headed to the Lakers.

Adrian Wojnarowski of Yahoo Sports:

Presumably, the Lakers get an asset — likely a draft pick — for taking Calderon.

Calderon is on an expiring contract that will pay him $7,708,427 next season. So, he won’t cut into the Lakers’ flexibility in future years. They also needed another point guard with D'Angelo Russell, and the free-agent market has dried up quickly at the position. Calderon, who turns 35 before the season, is a shell of himself, but he can still play a little.

Those are small bonuses, though. The main reason to make this trade is for the positive asset attached to Calderon.

Report: Bulls, to clear space for Dwyane Wade, trading Mike Dunleavy to Cavaliers

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The Bulls are signing Dwyane Wade.

Chicago just needs to clear the necessary cap space by trading Mike Dunleavy and Jose Calderon.

First up, Dunleavy.

Jason Lloyd of the Akron Beacon Journal:

Chris Haynes of Cleveland.com:

Cleveland can absorb Dunleavy’s contract using the Anderson Varejao trade exception. A draft pick could also be conveyed either way.

Dunleavy is a good outside shooter whose complementary skills are declining as he nears his 36th birthday in September. Even a limited role, he can help the Cavs, whose stars — LeBron James, Kyrie Irving and Kevin Love — create open 3-pointers.

Due $5,175,000 in 2016-17 and $4,837,500 ($1,662,500 guaranteed) in 2017-18, Dunleavy comes at a cost. But Cleveland won’t have cap flexibility anyway. As long as Dan Gilbert is willing to pay, there’s minimal downside here.

Report: Dwyane Wade to sign with Bulls, who’ll trade Jose Calderon and Mike Dunleavy to clear cap space

MIAMI, FLORIDA - APRIL 07:  Dwyane Wade #3 of the Miami Heat drives to the basket during a game against the Chicago Bulls  at American Airlines Arena on April 7, 2016 in Miami, Florida.  NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Mike Ehrmann/Getty Images)
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The big question in the Bulls’ pursuit of Dwyane Wade — are the Bulls intent on clearing space for Wade, or are they just gauging the market so they understand their options? — has been answered.

Adrian Wojnarowski of Yahoo Sports:

Brian Windhorst of ESPN:

Wade brings star power, high-end production when on the court and a 34-year-old body with declining athleticism to his hometown.

The Bulls get instant credibility from casual fans and maybe even some 2017 free agents, but Chicago will have to follow this splashy move with on-court results for the positive feelings to remain. Even at his best, Wade isn’t a great fit surrounded by two other subpar shooters in Jimmy Butler and Rajon Rondo. If Wade’s creaky knees reduce his ability to drive and cut, he could fall off in a hurry. But his playoff performance shows he hasn’t lost it yet.

The Heat lose their greatest player in franchise history, because they prioritized Hassan Whiteside and Kevin Durant and didn’t save enough cap space to pay Wade. After years of taking discounts, he had enough. Wade follows the path of his friend LeBron James from Miami to his hometown team. Not only does this tarnish the Heat’s reputation as a place where stars thrive, they’ll have to scramble to remain competitive this year (unless they want to throw in the towel on the season, especially amid Chris Bosh‘s health concerns).

There’s still a couple trades to work out. If they deal Mike Dunleavy and Jose Calderon without taking any salary in return and waive Spencer Dinwiddie, the Bulls could offer Wade a two-year contract worth about $49 million.

But the details will sort themselves out. The key decision has apparently been made: Wade is joining the Bulls.

Report: Bulls shopping Mike Dunleavy and Jose Calderon to clear cap space for Dwyane Wade

MIAMI, FLORIDA - APRIL 07:  Dwyane Wade #3 of the Miami Heat drives to the basket during a game against the Chicago Bulls  at American Airlines Arena on April 7, 2016 in Miami, Florida.  NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Mike Ehrmann/Getty Images)
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The Heat aren’t the only team trying to figure out how to clear cap room to sign Dwyane Wade.

If the Bulls want Wade, they’ll also need to dump players.

Mike Dunleavy and Jose Calderon appear to be first on the chopping block.

Adrian Wojnarowski of Yahoo Sports:

The big unknown: Are the Bulls intent on clearing space for Wade, or are they just gauging the market so they understand their options? It’s easy to suspect the former and work yourself into a frenzy when the latter might be true.

Wade is better and younger than both Calderon and Dunleavy. Swapping Calderon and Dunleavy for Wade would be a steal.

If dumping Calderon ($7,708,427 salary next season in the final year of his contract) and Dunleavy ($5,175,000 in 2016-17 and $4,837,500, $1,662,500 guaranteed, in 2018-19) requires sending out an asset, the exchange could still be worthwhile. An unprotected first-rounder is too much. A second-rounder would be fine. It’s about finding the cutoff point.

Chicago would be in better position to make and advance in the playoffs next season with Wade, and that would make the Bulls more appealing to 2017 free agents. Wade’s 2017 salary would obviously limit Chicago’s spending next summer, but missing the postseason would also reduce the Bulls’ draw.

Slotting Wade between Rajon Rondo and Jimmy Butler would cause some difficulties, especially floor-spacing. But if adding Wade costs only his salary, Calderon, Dunleavy and a low pick, that’d be worth it. It’d be a big talent and perception upgrade.

If they trade Dunleavy and Calderon and waive Spencer Dinwiddie, the Bulls could offer Wade a two-year contract worth about $49 million (exact figure depending on Rondo’s contract terms). That’s a little shy of Wade’s $50 million request, but it at least makes Chicago a viable suitor and cranks up pressure on the Heat.

Report: Heat probably need to attach positive asset to dump Josh McRoberts, clear space to meet Dwyane Wade’s contract demands

BOSTON, MA - APRIL 13: Josh McRoberts #4 of the Miami Heat handles the ball in the first half against the Boston Celtics at TD Garden on April 13, 2016 in Boston, Massachusetts. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this photograph, user is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Mike Lawrie/Getty Images)
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Anyone want a 29-year-old stretch power forward who’s two seasons and a couple surgeries removed from starting on a playoff team and is owed $5,782,450 and $6,021,175 (player option) the next two years?

Anyone?

The answer appears to be no.

The Heat would probably like to unload Josh McRoberts, because that would clear enough cap space to re-sign Dwyane Wade. Wade reportedly wants $50 million over two years. With McRoberts off the books, Miami could offer Wade a two-year, $50,117,407 contract (and match the Nets’ offer sheet to Tyler Johnson).

But trading McRoberts seems to be proving difficult.

Ira Winderman of the South Florida SunSentinel:

If healthy, McRoberts is a solid contributor and underpaid in this market. But his availability is a MAJOR question. He has missed 105 games the last two years, and now he’s nearing the age of decline regardless.

I would be shocked if the Heat can’t dump him by attaching their 2023 first-round pick, the only first-rounder they can trade. It wouldn’t surprise me if a second-rounder or two gets it done, though Miami can deal only its 2022 and 2023 second-rounders and a chance at its 2018 second-rounder.

Justise Winslow? His name is in the report just to stir interest. Teams would crawl over each other to take McRoberts if it meant getting Winslow.

Sure, the Heat could trade McRoberts by pairing him with Winslow, but dumping McRoberts would likely require far less sacrifice.

Meanwhile, as Miami figures out the marketplace, Wade will keep stirring up leverage.