Dwyane Wade's homecoming may not last much longer.
According to Nick Friedell's ESPN report, the Bulls are expected to reach a buyout agreement with the 12-time NBA All-Star "at some point in the next few months."
The news comes two months after Wade picked up his player option, choosing $24 million over earning less on a more competitive team.
If Gar Forman and John Paxson indeed decide to buy D-Wade out, the "Three Alphas," which consisted of Wade, Jimmy Butler and Rajon Rondo, would all be out just one season after coming together.
The buyout may also mean more ping-pong balls in next year's stacked draft.
Rajon Rondo has a fifth team in as many seasons. According to a report from Yahoo's Shams Charania, the New Orleans Pelicans and Rondo agreed to a one-year deal on Saturday.
Since being waived by the Bulls prior to the start of free agency, Rondo had been linked primarily to the Knicks and Lakers. CSN Bulls Insider Vincent Goodwill reported that Indiana and New Orleans were potential destinations as well.
It wound up being the Pelicans, who gave a $126 million extension to guard Jrue Holiday early in free agency. Holiday averaged 15.4 points and 7.3 assists in 67 games for the Pellies last year and is able to play off the ball, which he may do now that Rondo is in town.
Since the start of the 2013-14 season, Rondo has suited up for the Celtics, Mavericks, Kings, Bulls and now Pelicans. He'll rejoin forces with DeMarcus Cousins, his teammate in Sacramento in 2015-16 when Rondo led the league in assists per game (11.7).
The Bulls and Rondo went their separate ways after just a year, with Rondo averaging 7.8 points and 6.7 assists in a turbulent season in Chicago.