Former 2011 MVP and 2009 Rookie of the Year Derrick Rose was traded from his hometown team to the New York Knicks.
A Chicago native, Wade grew up as a fan of the Bulls, and Michael Jordan.
The Bulls also traded Tony Snell to the Milwaukee Bucks for Michael Carter-Williams on October 17, 2016.
The Bulls finished the regular season with a 41–41 record, securing the 8th seed.
In the playoffs, they faced off against the Boston Celtics in the first round, where they lost in 6 games.