Have we seen the last of Dwyane Wade in a Bulls uniform?

Have we seen the last of Dwyane Wade in a Bulls uniform?

Have we seen the last of Dwyane Wade in a Bulls uniform?

Wade was ruled out for the regular season with an elbow strain and fracture, the Bulls announced Thursday. He suffered the injury in Wednesday night's game against the Memphis Grizzlies at the United Center.

The Chicago native signed a two-year, $47 million deal with his hometown team last offseason, with Year 2 being a player option.

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As of Thursday, the Bulls are one game back from a playoff spot. Time will tell if they'll be playing basketball after April 12, but their chances certainly take hit without the 35-year-old veteran.

What the Bulls do in the offseason, too, will likely play a factor in Wade's decision. Will they "retool" or tear the whole thing down?

See what the SportsTalk Live crew had to say about Wade in the video above.

Bulls Talk Podcast: Gar Forman defends Jimmy Butler trade

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AP

Bulls Talk Podcast: Gar Forman defends Jimmy Butler trade

On the latest Bulls Talk Podcast, Mark Schanowski, Will Perdue and Vincent Goodwill recap the Bulls' busy NBA Draft and the decision to trade Jimmy Butler to Minnesota. 

Bulls general manager Gar Forman joins the panel for an exclusive interview. He breaks down why the organization decided to move the three-time All-Star. 

Click here to Bulls Talk Podcast.

Nikola Mirotic and why the Bulls traded their second-round pick

Nikola Mirotic and why the Bulls traded their second-round pick

The Bulls entered rebuild mode on Thursday night after they dealt Jimmy Butler to the Minnesota Timberwolves. They acquired a pair of guards in Zach LaVine and Kris Dunn, and the No. 7 pick which they used to select Arizona power forward Lauri Markkanen.

But the Bulls opted not to continue adding youth to their roster when they sold their second-round pick, No. 38 overall, to the Golden State Warriors. That pick was Oregon power forward Jordan Bell, who many considered a late first-round prospect.

The move was perplexing for a team that hours earlier had traded away its franchise player to start a youth movement. But VP John Paxson said after the draft that the decision to move the pick was based on team depth, hinting at a significant move the Bulls will make in free agency.

"We had some wings on our board that we had targeted that were the only way we were going to keep that (No. 38) pick, and they went before us. And drafting Lauri (Markkanen), and the fact that we have, Niko’s a restricted free agent we intend to bring back, Bobby Portis, we didn’t want to add another big and that’s really all that was left on our board."

Both Paxson and general manager Gar Forman have said since the season ended that Mirotic, who will become a restricted free agent on July 1, is part of their future plans. The Bulls will be able to match any contract that another team offers Mirotic, and they intend to keep the 26-year-old in Chicago. After Butler's departure, Mirotic is now the longest tenured member of the Bulls. He's been with the team for three seasons.

The wings Paxson may have been referring to include Miami's Devon Reed (32nd overall to Phoenix), Kansas State's Wesley Iwundu (33rd overall to Orlando) or SMU's Semi Ojeleye (Boston, 37th overall). Point guards Juwan Evans (Oklahoma State) and Sterling Brown (SMU) were still on the board and potential options, but the Bulls were set on looking for wing help after receiving point guard Kris Dunn and shooting guard Zach LaVine in the Butler trade.

The Bulls frontcourt depth looks filled, as Cristiano Felicio is expected to return behind Robin Lopez. Mirotic, Portis, Markkanen and Joffrey Lauvergne should make up the power forward depth chart. Opting against using the 38th pick, which Golden State bought for a whopping $3.5 million, also leaves the Bulls with room to add a 13th player in the fall.

"It keeps us at 12 roster spots and gives us real flexibility for our roster," Paxson said. "So we didn’t just want to use up a roster spot on a player that we probably wouldn’t have kept."