Wade and the Chicago Bulls reached a buyout agreement Sunday, a person familiar with the negotiations told USA TODAY Sports. The Heat have a crowded backcourt, with Tyler Johnson and Wayne Ellington also expected to see plenty of playing time.
Wade won't be demanding a lot in terms of a contract, as the four teams mentioned above don't have a lot of money to splash on him.
It seems as though a reunion with James in Cleveland is the most likely scenario.
So now the question is, where is Dwyane Wade going to go? But the Cavs have James and three straight Eastern Conference titles, two facts that will surely be appealing to Wade. In fact, Parker made it clear he won't be suiting up for the team's opener on October 18 against the Minnesota Timberwolves as the Spurs, under coach Gregg Popovich, typically take an ultra-conservative approach in bringing players back from injury. Oklahoma City Thunder? San Antonio Spurs? Wade, at this point, would be a much cheaper option. Carmelo Anthony and Paul George have both been recruiting the 12-time All-Star as well. Everyone wants to play for Gregg Popovich (except LaMarcus Aldridge). He played with the Bulls for 60 games last season.
Finally, even if the Miami Heat aren't a contender compared to the previous three teams, they still hold a special place in Wade's heart.
James posted on Instagram after working out with Wade: "To say we had a great week of work would be an understatement". Beyond the personal reasons, it makes plenty of sense from a basketball standpoint.
Unless Wade decides he can't take a second straight season of Midwestern winters, he should sign with the Cavaliers sometime in the next few weeks.