Jimmy Butler has agreed to a five-year, $95 million maximum contract to re-sign with the Chicago Bulls, league sources told Yahoo Sports. Butler's deal will include a player option after the fourth year of the deal, sources told Yahoo.
KC Johnson: Here's more optimism for why Butler verbal agreement could come today: Bulls open to player option. Should be either 3/1 or 4/1 max.
Ideally, Butler is seeking a three-year maximum deal with a player option for a fourth season, sources said. That deal would be worth roughly $51 million.
Eric Pincus: The Chicago Bulls have given Jimmy Butler both a qualifying offer AND a max qualifying offer. If Jimmy Butler signs an offer sheet with another team, it must be for at least 3 years w/o options (can be a 4th w/option) @BBallInsiders
Steve Kyler: Bulls can influence with a maximum qualifying offer. Was told Jimmy might sign Qualifier if Bulls force his hand
A funky, season-ending loss to the Cavaliers in which Rose played a passive second half as Butler shot 12 times has stirred questions about their chemistry now that Butler has joined Rose as a primary scorer. But a league source insisted Butler possibly signing a shorter-term deal in restricted free agency is based on the changing financial landscape coming with the league's new TV deal. "I haven't seen (friction)," said general manager Gar Forman, who has talked to Butler recently. "In all our minds, you've got two guys who can attack, want to run, can play off the dribble and playmake for themselves and others. They haven't had a chance to do it a whole lot because of the injuries. But there's no reason those two shouldn't be able to play at a high level and be one of the best backcourts in the league."
Jimmy Butler’s impending free agency — restricted free agency, it should be said — will be priority No. 1 come July 1, as all the rumors about Butler possibly looking for a shorter contract will be met with intent. “Our goal all along is to have Jimmy here long-term, and we feel real confident in our situation, how well he fits and that Jimmy’s comfortable in Chicago,” Forman said.
Steve Kyler: A couple of follow up comments on @WojYahooNBA's Jimmy Butler story... Most of what's been said recently, is what I have been saying all year -- structure of the deal matters more than length. A number of high profile free agents are likely choosing option laden deals to insure they can dip into new TV deal economy in 2017. I have been told by a few agents they want their guys covered through a possible 2017 NBA Lockout, not much longer than that. Specific to Butler and his camp, they are not overly concerned about long-term security aspect of a new deal. Rather maximize earnings. Something else to note -- more than a couple of the restricted free agents have made it clear they would sign Qualifier if thing go south.
As Butler spends time in Los Angeles this summer, a stretch that’s included an overseas “Entourage” promotional jaunt with producer Mark Wahlberg, Butler’s intrigue with signing a potential Los Angeles Lakers offer sheet has increased, league sources told Yahoo Sports. Butler has preliminary plans to pursue meetings with several teams once free agency starts in July, sources said. Several teams pursuing Butler told Yahoo Sports that they’re under the impression a short-term, max money offer sheet is the wisest way to approach Butler this summer.
September 22, 2021 | 7:42 pm EDT Update
Marc Stein: Tamika Tremaglio of @DeloitteUS has now been officially selected as @TheNBPA ‘s new executive director to succeed Michele Roberts, according to a leading television network. Roberts told @VinceGoodwill in July she was leaving the post within six months after her eight-year run.
Marc Stein: The union makes it official and announces Tamika L. Tremaglio, “trusted advisor and consultant” to @TheNBPA since 2012, as its next Executive Director. Tremaglio will succeed Michele Roberts “upon her retirement at the end of the year.”