Wade in the free agent status moved to "Cleveland" — NBA

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This April 8, 2017 photo shows Chicago Bulls guard Dwyane Wade (3) watches game action from the bench during the second half of an NBA basketball game against the Brooklyn Nets in New York.

Whether Dwyane Wade is ring chasing, teaming up with good friend LeBron James in Cleveland or both, Fred Hoiberg has a warning for those selling Wade short.

After roughly a month, the Chicago Bulls and Dwyane Wade have finally reached a buyout agreement, as tweeted by K.C. Johnson of the Chicago Tribune.

According to ESPN's Kevin Pelton, Wade might ultimately make the Cavs less dangerous, though FiveThirtyEight's Chris Herring writes that Cleveland could make the 35-year-old young again.

Earlier in the day, James expressed how happy he is that Wade decided to join him in Cleveland.

The Lakers have previously been reported to be interested in the former Heat superstar's services.

"It would be great for our team to have another championship-mentality player". "He hasn't had the opportunity he signed up to have and I hope they get there and give him a team that works with his personality and his coaching style and his assistant coaches' style". He said "I would love to have D-Wade a part of this team".

Plus, bringing in Wade brings in an established name that can help lure other free agents with LeBron. Wade still has that superstar draw, and as long as his contract does not impede long-term plans, his star power would be huge in LA.

With Russell Westbrook, Paul George and Carmelo Anthony in Oklahoma City, the Thunder can make a compelling pitch, too.

Wade was already practicing with the team late Wednesday afternoon. The Cavs plan to sign the former Marquette Golden Eagle shortly after that happens.

The shooting guard averaged 18 points for the Bulls last season, a year reportedly marred by issues inside the Chicago locker room. He won't find it. All he'll find is disappointment and more snow. That reunion didn't quite go as planned.

As for Wade, he now has a chance to be a valuable piece for a championship contending team. They won the 2012 and 2013 NBA championships (they made the NBA Finals in all four years).

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