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Bulls Sign Dwyane Wade To 2 Years $47.5 Million

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  • Bulls Sign Dwyane Wade To 2 Years $47.5 Million

    Dwyane Wade is leaving the Heat to sign with the Bulls -

    Dwyane Wade is going home and spurning his adopted home in the process. After playing his entire career in Miami, Wade has agreed to a deal with the Chicago Bulls, according to Yahoo! Sports' Adrian Wojnarowski. The deal is confirmed.

    Wade will sign a two-year, $47.5 million deal with Chicago, according to CSN Chicago's Vincent Goodwill, with a player option for the second year (via Wojnarowski). No team offered Wade a fully guaranteed third year, according to Wojnarowski.

    The agreement requires the Bulls to trade away some players to clear up enough cap space, which they quickly did. They will trade Mike Dunleavy's $4.8 million contract to the Cleveland Cavaliers (yes, LeBron James' Cavaliers), who will use a trade exception, according to Wojnarowski and K.C. Johnson of the Chicago Tribune. Meanwhile, they will send Jose Calderon ($7.7 million) to the Los Angeles Lakers, according to Wojnarowski.

    Few expected Wade to leave the Heat this summer or even ever, but negotiations went sour early on and never improved. Pat Riley said before the offseason that the franchise's first priority was to bring back Hassan Whiteside, not Wade. Later on, Wade's camp claimed that Miami's front office had offered him $10 million annually, something the Heat's brass denies. Miami then upped the offer to two years and $40 million, but could not go any higher given their cap situation and were unwilling to offer a third year.

    The Bulls, who had been linked to Wade when he was a free agent in 2010, took advantage of that rift to land the star shooting guard. A Chicago native, Wade prioritized going back home while also getting more financial security, as the Bulls offered a partially guaranteed third year in his contract, something his other suitors were reluctant to do. That was enough to sway the three-time NBA champion to pick them over the Bucks and Nuggets.