Report: Wade to pick up option, stay with Bulls for 2017-18

Bulls guard Dwyane Wade will pick up his player option to stay in Chicago for the 2017-18 season, according to CSN Chicago's Vincent Goodwill.

Wade averaged 18.3 points, 4.5 rebounds, and 3.8 assists per game in his first season in Chicago, helping the Bulls achieve a 41-41 record before being defeated in the first round of the playoffs by the Boston Celtics.

By executing his player option, worth an estimated $23,800,000, Wade is slated to be the highest-paid player on the Bulls' roster next season. The veteran shooting guard will become an unrestricted free agent after the 2017-18 season.

This development comes at a pivotal moment for the future of the franchise. The organization has allegedly been pursuing a trade that would see franchise star Jimmy Butler moved with two years remaining on his current contract.