The Chicago Bulls’ free-agency will heavily depend on Dwyane Wade as he decides on his player’s option for the 2017-18 season worth $23 million. Should D-Wade opt in, Chicago could use some spare money for floor spacers and knock-down scorers at the two spot. However, if Wade opts out, the Bulls could find itself in the hunt for one of the max-level free agents this summer.

Cap situation and incoming free agents:

The Bulls will have a guaranteed salary of $44,618,029 heading into the offseason. However, the figure does not include Wade’s hold of $23.8 million which comprises 25 percent of their all-inclusive total salaries.

With the kind of performance Wade put up last season (18 points on 43 percent FG shooting), it’s safe to say that Bulls’ front-office Gar Forman and John Paxon are already wishing for Wade to opt out, so they can get more than $40 million to spend in free-agency.

“But if the Bulls make it clear they're angling for a teardown, Wade has earned enough money to chase rings in Cleveland elsewhere at a discount—much to the benefit of Chicago's cap room, which blows past $40 million without him,” Favale noted.

Moreover, the Bulls will also have to decide on whether or not Rajon Rondo’s late-season push and strong performances in Game 1 and Game 2 against the Boston Celtics deserve him a $14 million paycheck next season. Sporting News’ Sean Deveney hears that Rondo sealed the deal with that output.

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But with the Bulls’ buying power shrinking in, it won’t be surprising if they let loose of Rondo instead of chasing shooters.

Outside FA targets:

Blake Griffin (Los Angeles Clippers) – It has long been speculated that the Bulls are interested in Griffin. While acquiring him may prove costly (renouncing their holds on Nikola Mirotic, Cristiano Felicio, Joffrey Lauvergne), the Bulls’ front-office will do everything in their power to land another star alongside Jimmy Butler. Spending a contract worth $25M per year [VIDEO] for a man who recently injured his big toe may not be a smart idea, but that’s how things work in Chicago under the GarPax administration.

Serge Ibaka (Toronto Raptors) – Ibaka can be considered as Plan B option if the Bulls miss on Griffin. Like the Clips star, Ibaka will command a contract worth $22MM to $25MM per year, making him a very expensive FA splash for a guy who averages 15.1 points and 6.8 rebounds. However, at 27-years old and a better clip from 3-point range (38.8 percent), Ibaka might not be a bad alternative.

J.J Reddick (Los Angeles Clippers) – the Bulls direly need shooters on the backcourt after witnessing one of the most poorly spaced teams in franchise’s history. Adding a 41.5 career three-point shooters in Reddick could solve the problem, but are the Bulls willing to spend $18MM for a one-dimensional player?