With this deal, Wade is set to make $375,000 for the remainder of the season, with the next three years non-guaranteed. He will remain with the Cavaliers after reports said Wade was garnering interest from the Washington Wizards.
Meanwhile, the Cavs add another big man in the multi-year deal with Bell, a six-foot-eight power forward/center who was cut by the Memphis Grizzlies back in March. Bell split this past season between Memphis and the Minnesota Timberwolves, where he averaged 3.2 points and 2.8 rebounds per game, as well as 33.3% shooting from beyond the arc.
Bell was drafted by Golden State (via a trade with Chicago) in the second round of the 2017 NBA Draft, and was part of the Warriors' 2018 NBA Finals victory over the Cavaliers.
Both signings of Bell and Wade fill the remaining two spots in the Cavaliers' roster.