Report: Bulls dealing Dunleavy to Cavs, Calderon to Lakers

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In an attempt to shed salary to accommodate Dwyane Wade, the Bulls are reportedly nearing two separate deals that will land veterans on new teams.

Chicago is finalizing a deal to send forward Mike Dunleavy to the defending NBA champion Cavs, and they have a deal to send point guard Jose Calderon to the Lakers.

News of the deals was first reported by The Vertical.

Dunleavy, a 14-year veteran, had spent the last three seasons with the Bulls. Last season, he played in 31 games, averaging 7.2 points and 2.7 rebounds.

Dunleavy is scheduled to make $4.8 million in 2016-17 and $5.1 million in 2017-18.

Calderon spent the last two seasons with the Knicks, but was traded to the Bulls on June 22 in a deal that sent Derrick Rose to New York. The 11-year veteran averaged 7.6 points and 4.2 assists per game last season. He's set to make just over $7.7 million in 2016-17, the final year of his contract.

The deals come on the heels of Wade reportedly informing the Bulls that he plans to leave the Heat and return to his hometown after 13 seasons, 12 All-Star selections and three NBA championships.

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