Chicago Bulls paid Dwyane Wade a staggering amount for just one season

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Dwyane Wade's time at the Chicago Bulls ending after just one season with the team, as the two parties completed a buyout of his contract last week.

The shooting guard now looks set to continue his playing career in the NBA with the Cleveland Cavaliers, as reports have emerged stating Wade is going to be completing a one-year $2.3 million veterans minimum deal with the team later this week.

This move will see the 35-year-old join forces with LeBron James once more after the two spent four seasons together at the Miami Heat, winning two NBA Championships during that period before James returned to Cleveland.

Wade’s time in Chicago ended because the team is looking to enter full rebuild mode, and he was no longer part of those future plans, meaning the best solution for both parties would be to part ways.

While this means Wade is now on less money to play elsewhere, the money which he has received from his contract buyout means he shouldn’t be too bothered about being on a veterans minimum deal with the Cavaliers.

According to Cody Westerlund of, the Bulls essentially paid Wade nearly the entire salary of his contract with the team for only one season, as he walked away with around $39 million.

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That’s a crazy amount when you consider in 2017, Steph Curry will be the league’s highest-paid player in terms of salary with $34,682,550, followed by James who will be paid $33,285,709. Wade has been paid more than those guys to do arguably considerably less.

However, this is a move the Bulls had to make if they want to move forward with their rebuilding, as Wade wasn’t going to be a part of their future plans. The shooting guard is still a good player, just not one you would want to build a team around at this point in his career.

Wade should be productive alongside LeBron at the Cavaliers, as last season, he averaged 18.3 points on 43.4 percent shooting from the field with 4.5 rebounds and 3.8 assists per game.

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