Dwayne Wade bought out by Bulls, Cavaliers front-runners to land him

Dwyane Wade's homecoming with the Chicago Bulls is over after one season. On Sunday the veteran guard and the team came to terms on a buyout.

ESPN's insider Adrian Wojnarowski offered insight into Wade's possible landing spots:

Wojnarowski also added that the Cavaliers are front-runners solely because of LeBron James relationship with Wade.

Wade was set to make $23 million for the upcoming season before he hit free agency the following off-season. He is giving the Bulls roughly $8 million of his salary in the buyout.

This is beneficial for both sides because the Bulls are in complete rebuild after shipping Jimmy Butler to the Minnesota Timberwolves, and they will get Wades contract off the books. Wade is now able to sign with a playoff contender rather play on one of the league's worst teams.

If Wade does commit to the Cavaliers, they will have to trade or waive one of their guaranteed contracts to clear a spot, especially since they don't have the most money to offer him.

Photo Credit: (Rob Foldy)