Report: Dwyane Wade may have to give up money to accommodate Bulls buyout

Chicago Bulls guard Dwyane Wade (3) walks to the bench during the first half against the Dallas Mavericks at the United Center Tuesday, Jan. 17, 2017 in Chicago. The Mavericks won 99-98. (Armando L. Sanchez/Chicago Tribune/TNS)

One of the motivating factors that led Dwyane Wade to leave the Miami Heat for the Chicago Bulls last offseason was the extra money the Bulls offered Wade, but Wade may soon be asked to give some of that money back.

The 35-year-old Wade, who opted into the second year of his two-year, $47 million contract in June, finds himself on a Chicago team that is rebuilding, and though speculation is that the Bulls may look to buy out Wade’s deal, if they do, they may not be willing to pay him the full $23.8 million he is owed this season, according to the Chicago Tribune.

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Bulls executive vice president John Paxson appeared on “The Mully and Hanley” show on WSCR-670 AM in Chicago on Thursday and said that any talks of a buyout would need to be “advantageous” for the Bulls.

“We want to work with Dwyane because we respect him very much,” Paxson said Thursday. “If he doesn’t want to be here, then we want to do (the buyout). But again, the bottom line is always — and it has to be — that we have to do what’s in our best interest.”

Paxson also acknowledged that there is “some dialogue is going on,” but reiterated that, though the Bulls would be willing to accommodate a buyout request from Wade, any buyout agreement would need to be in the team’s best interest.

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At least for now, it appears that if Wade wants out of Chicago, it’ll cost him a chunk of his expected salary.

Read more at the Chicago Tribune.

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