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

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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.