NBA Rumor: Jimmy Butler Extension?

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Jimmy Butler on extension with Heat: We'll see when the time gets here

Miami has Butler locked in for next season before he has a $37,653,300 player option for 2022-23. This offseason, he will become eligible for a max contract extension projected to be worth about $182 million over four years (including replacing his player-option year with an approximately $41 million salary). That’d be a lot to pay Butler – who has heavy mileage – for his age-33-36 seasons. But Butler is also darned good and has quickly become nearly essential to the Heat.

There were reports of friction between Butler, Towns and Wiggins, but sources say that is not the main reason Butler has decided to move on. Butler was hoping for a renegotiation and extension of his contract this summer, one that would have raised his salary for 2018-19 to $30 million and added another four years and $145 million on to that. But the Timberwolves would have had to cut an enormous amount of salary to pull that off and deemed it unreasonable if they wanted to stay competitive in the near term.

Thibodeau made it clear Monday the Wolves’ culture change starts with Butler. He can sign this summer an extension to stay in Minnesota through 2023 before he can opt out of his current contract in summer 2019. “At an appropriate time, we’ll talk to him,” Thibodeau said. “What he did for our organization, we certainly know how important he is and so every day our communication with him is critical. It’s important for him to feel good about everything that we’re doing here.”
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September 28, 2021 | 5:08 am EDT Update