Free-agent guard Dwyane Wade has agreed to a two-year, $47.5 million deal with the Chicago Bulls, ending his 13-year partnership with the Miami Heat, league sources told The Vertical.
Wade’s agreement includes a player option that will allow him to return to free agency in 2017, sources said.
Denver met with Wade in New York on Wednesday, offering him a two-year, $52 million deal, sources said. No team offered Wade a guaranteed third season, sources said.
That’s a lot of money for a 34-year-old with bad knees, but Wade has still played so well, all the way through Miami’s playoff run. That’s a bet worth taking, especially because Chicago is on the hook for just two years — and it cost just trading Jose Calderon, Mike Dunleavy and a second-rounder or two.
For Wade, this might have been about respect as much as the extra $7.5 million. The Bulls showed how much they value Wade with their offer. Frankly, so did the Heat.