The Bulls aren’t what they were. Jimmy Butler and Rajon Rondo are gone. The team won’t be a contender in 2017-18. So why would Dwyane Wade, as his NBA career winds down, want to stick around? And why would the Bulls, clearly now in a rebuilding period, still need him? As has been expected, the two sides will part ways. Here’s the Chicago Tribune reporting:

Three months after trading Jimmy Butler and waiving Rajon Rondo, the Bulls reached agreement on a buyout with Dwyane Wade on Sunday night, the eve of training camp. A source said Wade gave up roughly $8 million to $9 million of the $23.8 million he stood to make after picking up his player option on June 20, two days before the Butler deal.

The move clears the way for Wade to sign with a contender like the Cavaliers, Thunder or Spurs or possibly return to his beloved Heat. More importantly, it allows the Bulls to start fresh with their full rebuild and eliminate a potential distraction since Wade preferred to play for his fourth championship at this stage of his career.

“I just felt it was time for me, turning 36, that I want to be competing for a championship,” Wade told the Tribune in a phone interview. “I said when I got here, it was always a dream for me to play here. And getting that opportunity was special. And I can’t even say it wasn’t what everyone expected because we went to the playoffs. And trying to restore this franchise to respectability was our goal. The organization decided to go in a different direction, which I respect.”

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