Cavs Lose Out on Wade; Make Deal with Wade’s New Team the Bulls for Mike Dunleavy

The Cavs may have lost out on Miami Heat guard Dwayne Wade on Wednesday, but in the process acquired a player that may help even more in small forward Mike Dunleavy.

Cleveland.com reports the Cavs and Bulls have made a deal for Dunleavy, who comes to the team after putting up 7.2 points per game last season to go along with 2.7 rebounds.

The Cleveland Cavaliers will trade for Chicago Bulls small forward Mike Dunleavy, league sources confirmed to cleveland.com.

Chicago is parting ways with Dunleavy to shed cap space to make room for Miami Heat free agent Dwyane Wade, who committed to signing with his hometown team on Wednesday night.

Cleveland will use a portion of the $9.6 million Anderson Varejao trade exception to absorb Dunleavy’s salary, The Vertical reported.

The 14-year veteran has two years remaining on his deal at $4.8 million for next season and $5.2 million for the 2017-18 campaign. However, the final year is a non-guaranteed salary.

Dunleavy will be 36 when the season starts, he’s been around, playing with Golden State, Indiana, Milwaukee and Chicago during his career.

As for Wade, Twitter was abuzz about him possibly coming to the Cavs, but instead he’s going to sign with the hometown Bulls, a deal that is for a reported two-years at $47 million.

To make room for Wade, the Bulls did not only deal with the Cavs, but also traded guard Jose Calderon to the Los Angeles Lakers.