What It Means:

This move is driven by the Bulls need to clear cap space to make room for the addition of Dwyane Wade. Dunleavy's 3-point prowess (at least 38.0 percent from deep since 2009-2010) will prove to be a nice addition for the defending champs, particularly if J.R. Smith signs elsewhere in free agency. At 35-years-old, Dunleavy's fantasy contributions are limited to what he provides beyond the arc.

Dunleavy played 31 games for the Bulls last season, averaging 7.2 points and 1.3 3-pointers per game on 39.4 percent shooting from deep.