By Adrian Wojnarowski and Brian Windhorst, ESPN
The Cleveland Cavaliers have emerged as clear favorites to land newly minted free agent Dwyane Wade, after he agreed to a buyout agreement with the Chicago Bulls on Sunday, sources told ESPN.com.
Wade agreed to leave about $8 million of his $23.8 million salary on the table after talks between the two sides about a resolution intensified ahead of Monday’s start of training camp.
Wade has a long-standing relationship with LeBron James, who attempted to recruit Wade to Cleveland last summer, but the Cavs didn’t have salary-cap space at the time. James and Wade have kept in touch this summer about Wade’s options, sources said.