John Paxson and Gar Forman strike again!
Remember last offseason when they thought it would be a good idea to give a 34-year-old with chronic knee issue a $24 million option for the 2017 season? Well, to the surprise or literally no one, Dwyane Wade has opted back into his contract with the Chicago Bulls.
Sources: Bulls were informed by Dwyane Wade that he's picking up his option for next season. Story to come
— Vincent Goodwill (@vgoodwill) June 20, 2017
It’s not surprising that Wade picked up his option. Who wouldn’t with that amount of money on the table. If anything, this move was made a little too fast by Wade, given the report that claims Jimmy Butler will either playing basketball in Boston or Cleveland next season.
The Bulls were rebuffed on an offer to the Celtics for the third pick straight-up, but bringing the Cavaliers to the table could increase the quality of offers for Butler, who would be eligible for a deal in the $40 million range annually if he makes another All-NBA team next season.
One would think the Bulls’ reluctance at paying a contract that large on a team that will continue to be in the middle of the draft plays a part in their decision.
As one league executive texted last night, “It’s either Boston or Cleveland but he’s going.”
Most assumed that Wade wouldn’t want to be in Chicago without the Butler. However, there is a scenario where Wade gets his money and is able to leave the dumpster fire that is the Chicago Bulls’ organization at this point.
Nick Friedell of ESPN, points out that Wade can be traded at the trade deadline.
Let trade clock on Wade's time in Chicago begin. Going to be really interesting to see what happens with that contract near deadline next yr
— Nick Friedell (@NickFriedell) June 20, 2017
No team in their right mind will take on all of the $24 million. The likely scenario is that the Bulls find a contending team who needs a veteran player and is willing to eat up some of Wade’s contract. Again, Paxson and Forman look like complete idiots for even signing the three-time NBA champion in the first place.
Yes, the Bulls are still shopping Jimmy Butler, which makes things even complicated.
Last season, Wade averaged 18.3 points, 4.5 rebounds and 3.8 assists per game. Wade’s deal will have a major impact on the Bulls roster next season.