Cavs acquire Mike Dunleavy from Bulls

The Cleveland Cavaliers have made their first move of the offseason.

Per Adrian Wojnarowski of The Vertical, the Cavs have acquired Mike Dunleavy from the Chicago Bulls. Chicago had to trade Dunleavy in order to clear space for Dwyane Wade, who reportedly agrrred to a two-year deal worth $47 million earlier tonight with the Bulls.

To acquire Dunleavy, who will make $4.8 million next season and is signed through the 2017-18 season, the Cavs will use part of the $9.6 million trade exception created when they dealt Anderson Varejao last February per the Vertical’s Bobby Marks.

Dunleavy was actually on the Cavs’ radar before, as LeBron James tried to recruit him to Cleveland last offseason. Dunleavy then decided to return to the Bulls, but suffered a back injury that limited him to 31 games last season.

When healthy, Dunleavy is the type of player the Cavs need. He’s a knockdown three-point shooter, a solid team defender and can play both the two and three. For his career 37.6 percent three-point shooter.