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Bulls Willing To Discuss 'Advantageous' Buyout Scenario With Dwyane Wade

Jun 27, 2017 12:43 PM

The Chicago Bulls are willing to discuss a buyout with Dwyane Wade if it is "advantageous" for the team.

Wade has already exercised his $23.8 million player option for the 17-18 season with the Bulls.

With the Bulls trading away Jimmy Butler on draft night, the franchise has signaled their intention to rebuild.

Chicago signed Wade to a two-year, $47.5 million contract during the 2016 offseason.

K.C. Johnson/Chicago Tribune

Tags: Dwyane Wade, Chicago Bulls, NBA, NBA Signing Rumor, NBA Misc Rumor

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Bulls Decline Qualifying Offer To Michael Carter-Williams

Jun 27, 2017 11:44 AM

The Chicago Bulls will not submit a qualifying offer to Michael Carter-Williams, which will make him an unrestricted free agent.

Carter-Williams was traded by the Milwaukee Bucks to the Bulls before the start of the 16-17 season. Carter-Williams won Rookie of the Year in 2014, but he's been progressively less effective during his career as he's failed to progress as a shooter.

The Bulls also have Kris Dunn, Cameron Payne and possibly Rajon Rondo on their point guard depth chart.

David Kaplan/ESPN 1000

Tags: Michael Carter-Williams, Chicago Bulls, NBA, NBA Signing Rumor, NBA Misc Rumor

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Wolves Wouldn't Have Traded For Jimmy Butler Without Pick Swap

Jun 23, 2017 10:38 PM

The Minnesota Timberwolves didn't give up a draft pick in their trade for Jimmy Butler, merely swapping No. 7 with the Chicago Bulls for No. 16, while also sending out Zach LaVine and Kris Dunn.

"We didn't want to lose our draft choice," said owner Glen Taylor. "We really thought, as it turned out, moving down a number of notches didn't affect us too much. We still got a young guy (Justin Patton) with a lot of potential."

Taylor was asked whether the Wolves would have still done the deal if the Bulls insisted on keeping their pick at No. 16.

"No, we told them that would break the deal," said Taylor. 

Taylor also suggested the Wolves may have selected Lauri Markkanen at No. 7.

Darren Wolfson/1500 ESPN

Tags: Chicago Bulls, Minnesota Timberwolves, NBA, NBA Trade Rumor, NBA Misc Rumor

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Rajon Rondo To Receive Interest From Pelicans, Pacers, Bulls If He Becomes Free Agent

Jun 23, 2017 8:40 PM

The Chicago Bulls remain undecided on whether to retain Rajon Rondo at his $13.4 million salary or waive him for his $3 million guarantee before June 30th.

Chicago values Rondo for his ability still, as well as his mentoring ability, but the Bulls will need to find minutes for Kris Dunn and Cameron Payne next season.

Sources say the Bulls are considering waiving Rondo before trying to re-sign him at a lower salary.

Rondo is expected to draw interest from the New Orleans Pelicans and Indiana Pacers if he becomes a free agent.

K.C. Johnson/Chicago Tribune

Tags: Rajon Rondo, Chicago Bulls, Indiana Pacers, New Orleans Pelicans, NBA, NBA Signing Rumor, NBA Misc Rumor

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Dwyane Wade Could Consider Return To Heat If Bought Out By Bulls

Jun 23, 2017 6:48 PM

With the Chicago Bulls rebuilding following their trade of Jimmy Butler, the future of Dwyane Wade with the franchise remains uncertain. Wade has already signed the paperwork on his $23.8 million player option for 17-18.

Wade could conceivably join LeBron James with the Cleveland Cavaliers, or he could even return to the Miami Heat. In May, Barry Jackson of the Miami Herald reported that Wade is open to considering a return at some point in his career.

"Dwyane Wade can apply pressure to be bought out and be bought out immediately," said Brian Windhorst on The Lowe Post.

"I don't think a return to Miami is necessarily impossible. It depends on what Dwyane wants to do. It depends on Dwyane wants to play a bit role on a serious contender, or he wants to set himself for another contract after this season. 

"If he went to Cleveland, for example, his role on the Cavs would be more as a supporting player, even a bench player. If he went to a different team he might be a starter, or still be able put up good numbers and position himself for one final contract."

Windhorst expects Wade to pursue a buyout with the Bulls.

Brian Windhorst/ESPN

Tags: Dwyane Wade, Chicago Bulls, Miami Heat, NBA, NBA Signing Rumor, NBA Misc Rumor

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Nuggets Were Unwilling To Include Jamal Murray In Jimmy Butler Trade Talks

Jun 23, 2017 4:27 PM

The Denver Nuggets discussed a Jimmy Butler trade with the Chicago Bulls, but were unwilling to include Jamal Murray in any deal.

Murray was one of the league's better rookies last season and is part of Denver's core around Nikola Jokic.

Denver also had concerns about the possibility of Butler leaving in 2019 when he can become a free agent.

Chicago instead traded Butler to the Minnesota Timberwolves.

Zach Lowe/ESPN

Tags: Jamal Murray, Jimmy Butler, Chicago Bulls, Denver Nuggets, Minnesota Timberwolves, NBA, NBA Trade Rumor, NBA Misc Rumor

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Jimmy Butler Loses Potential $29M On Next Contract With DPE Now Unavailable

Jun 23, 2017 12:06 PM

While Jimmy Butler will receive a trade bonus of $1.8 million as part of his move from the Chicago Bulls to the Minnesota Timberwolves, the inability to sign a Designated Veteran Player Exception will be massive.

Butler will lose approximately $31 million over the life of a five-year contract he re-signs with the Wolves at 30 percent of the cap as opposed to 35 percent of the cap.

Butler was a third team All-NBA selection in 16-17.

Albert Nahmad/HeatHoops.com

Tags: Jimmy Butler, Chicago Bulls, Minnesota Timberwolves, NBA, NBA Signing Rumor, NBA Misc Rumor

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Bulls Sell No. 38 Pick To Warriors For $3.5M

Jun 22, 2017 11:31 PM

The Golden State Warriors bought the 38th overall pick from the Chicago Bulls for $3.5 million to select Jordan Bell out of Oregon.

On a day in which Jimmy Butler was traded by the Bulls, the franchise sold a draft pick they acquired in the Luol Deng trade in 2014. The move saved the Bulls more than $20 million in salary and luxury tax at the time.

Golden State bought a pick last year that they used on Patrick McCaw.

Adrian Wojnarowski/The Vertical

Tags: Chicago Bulls, Golden State Warriors, NBA, NBA Trade Rumor, NBA Misc Rumor, NBA NBA Draft, NBA Draft General

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Dwyane Wade Still Exercising $23.8M Option With Bulls Despite Butler Trade

Jun 22, 2017 11:01 PM

Despite the Chicago Bulls' trade of Jimmy Butler on draft night, Dwyane Wade will stand by his decision to exercise his player option worth $23.8 million, sources tell Vincent Goodwill.

Wade signed a two-year deal with the Bulls last offseason in a surprising decision to part ways with the Miami Heat after 13 seasons.

Wade averaged 18.3 points, 4.5 rebounds and 3.8 assists in 29.9 minutes per game in 60 appearances for Chicago.

Wade was almost certain to be unable to make up that money even over several seasons on the open market.

Brian Windhorst of ESPN reported Wade has already signed the paperwork on the player option.

Vincent Goodwill/CSN Chicago

Tags: Dwyane Wade, Chicago Bulls, NBA, NBA Signing Rumor, NBA Misc Rumor

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Celtics Unwilling To Trade No. 3 In 2017 Or Brooklyn's 2018 Pick To Bulls For Jimmy Butler

Jun 22, 2017 8:46 PM

The Boston Celtics were unwilling to trade either the No. 3 overall pick in the 2017 draft nor the Brooklyn Nets' pick in 2018 to the Chicago Bulls in exchange for Jimmy Butler.

The Bulls instead pivoted to trade Butler to the Minnesota Timberwolves, acquiring the No. 7 pick, Zach LaVine and Kris Dunn.

Danny Ainge and the Celtics have long sought a superstar player, but continue to be reluctant to part with their assets.

The Celtics also plan on pursuing Gordon Hayward in free agency, which could have complicated their calculus on Butler.

K.C. Johnson/Chicago Tribune

Tags: Jimmy Butler, Boston Celtics, Chicago Bulls, Minnesota Timberwolves, NBA, NBA Trade Rumor, NBA Misc Rumor

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Bulls Agree To Trade Jimmy Butler To Wolves For No. 7, Zach LaVine, Kris Dunn
The Wolves have acquired Jimmy Butler from the Bulls.

Marc Stein/ESPN

Suns Discuss Eric Bledsoe Trade With Bulls, Nuggets
If the Suns pick De'Aaron Fox at No. 4, it likely means they were able to trade away Eric Bledsoe.

Chad Ford/ESPN

Wolves Pursuing Trade For Jimmy Butler, Paul George
The Wolves and Bulls discussed a Jimmy Butler trade at last year's draft.

Ian Begley/ESPN

Cavs' Pursuit Of George, Butler Ends As Kevin Love Not Generating Enough Interest
The Cavaliers have pursued trade scenarios for both Paul George and Jimmy Butler, but those efforts appear to have led to a dead end.

Brian Windhorst/ESPN

Jimmy Butler Warned Off Cavaliers As Kyrie Irving Could Push For Trade
Jimmy Butler has been warned by several Cavaliers who had been recruiting him to stay away.

Joe Cowley/Chicago Sun-Times

Jimmy Butler Remains Committed To Bulls
The Cavaliers have interest in trading for Jimmy Butler, but they were informed he would be reluctant to commit to them in the long-term.

Marc Stein/ESPN

Dwyane Wade Exercises $23.8M Player Option With Bulls
Dwyane Wade was almost certain to be unable to make up that money even over several seasons on the open market.

Vincent Goodwill/CSN Chicago

Jimmy Butler, Dwyane Wade Prefer Bulls To Move On From Rajon Rondo
While Jimmy Butler and Dwyane Wade have no issue with Rondo personally, they would like the Bulls to have a point guard who could spread the floor.

Joe Cowley/Chicago Sun-Times

Jimmy Butler Could Push Bulls For Trade To Cavaliers
LeBron James and Kyrie Irving have reached out to Jimmy Butler directly and through back channels over the past five days to gauge his interest in joining them with the Cavaliers.

Joe Cowley/Chicago Sun-Times

Cavs Found Lottery Pick In Exchange For Kevin Love, Possibly From Suns
The Suns may have been the team ready to trade for Kevin Love.

Brian Windhorst/ESPN

Dwyane Wade Likely To Stay With Bulls On $24M Player Option
Dwyane Wade's decision on his player option will be made independent of whether they trade Jimmy Butler.

Ramona Shelburne/ESPN

Cavaliers Attempting To Trade For Jimmy Butler
Jimmy Butler is signed through 18-19.

Marc Stein/ESPN

Wolves Hold Preliminary Trade Talks With Bulls On Jimmy Butler
The Wolves and Bulls held Jimmy Butler talks last offseason.

Adrian Wojnarowski/The Vertical

Celtics Hope To Trade No. 3 To Bulls For Jimmy Butler
The Bulls were seeking the No. 3 pick from the 76ers for Jimmy Butler.

Stephen A. Smith/ESPN

Andre Iguodala To Receive Interest From Jazz, Clippers, Bulls, Wolves, Hawks
Andre Iguodala could command as much as $20 million annually on the open market.

Shams Charania/The Vertical

Dwyane Wade Discusses Future During Meeting With Bulls
The Bulls expect Dwyane Wade to opt in.

K.C. Johnson/Chicago Tribune

Fred Hoiberg Considered Candidate For Ohio State Job
Fred Hoiberg recently completed his second season in the NBA with the Bulls.

Gary Parrish/CBS Sports

Jimmy Butler Hires Bernie Lee As Agent
Jimmy Butler was previously represented by Happy Walters.

K.C. Johnson/Chicago Tribune

Jimmy Butler Still 'Loves It' In Chicago
The Bulls have conveyed to Jimmy Butler that they're not looking to move him but must listen to any reasonable offer.

K.C. Johnson/Chicago Tribune

Bulls Expect Dwyane Wade To Exercise $23.8M Player Option
Dwyane Wade is unlikely to command that type of salary on the open market this offseason.

K.C. Johnson/Chicago Tribune