Wade had a $23.8 million player option, which he chose to exercise ahead of free agency.
News of Wade's buyout spread pretty quickly, and a former teammate of Wade's threw in his two cents.
The Chicago Bulls' moves in this offseason indicate that the franchise is preparing to enter a rebuilding phase. It would be essential for him to return to Miami and retire in a Heat uniform.
Cutting ties with Wade sooner, rather than later, seems appropriate.
Ruled out for a month
Barcelona has recently been linked to Liverpool's Philippe Coutinho and Dortmund's Ousmane Dembele in transfer rumors. He said while the team has deals in the works, no player has been signed yet.
If he wants an opportunity to play for another championship, a move to the Cavaliers would make sense as they're nearly destined to make the Finals once again.
While the 35-year-old guard is far from the transcendent player he was during his younger days in Miami, unloading Wade on the heels of the Jimmy Butler trade would eliminate any notion that the franchise is looking to win now.
Wade spent the first 13 seasons of his National Basketball Association career as a member of the Heat, before departing to his hometown of Chicago prior to last season. Expect the Houston Rockets to make their bid for the 12-time All-Star as well.
The Heat were on the verge of making the playoffs last season after a awful start, losing in a tie-breaker to Wade's Bulls.