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Chicago Bulls, Dwyane Wade reach terms on a contract buyout

What a day for Dwyane Wade and the Chicago Bulls.

After the Bulls reached an agreement with Nikola Mirotic on a new two-year deal to keep Mirotic around for at least one more season, the Bulls have apparently come to terms on buying out the rest of Wade’s contract.

According to K.C. Johnson of the Chicago Tribune, the Bulls and Wade have agreed to a contract buyout, which means Wade will become a restricted free agent and free to sign anywhere this season.

The Bulls and Dwyane Wade have reached agreement on a buyout, per sources.