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.