Report: Jimmy Butler turned down 4-year, $44 million extension offer
Bulls guard opts for free agency, but will the Bulls let him make the kind of money he's earned on the market?
www.cbssports.comHere’s the latest I can share based on recent reporting:
- Jimmy Butler's contract situation has involved a high-profile extension and trade activity in 2025, with reports indicating a significant new deal tied to a move to Golden State. One outlet cited a two-year extension around $111 million, while another report mentioned a two-year, $121 million extension and the choice to decline a 2025-26 option in that context. These accounts reflect continued discussions about max or near-max terms as Butler transitions to a new team scenario.[1][2]
- The Miami Heat have been at the center of Butler’s contract rumors for the 2024–25 season, with reporting noting Butler’s desire for a max contract and uncertainty around extensions ahead of free agency, though at times teams have publicly signaled interest in keeping him long term.[3][8]
- Throughout, major outlets have described Butler as evaluating his path toward a substantial payday, whether with the Heat or a new franchise, and have tracked how extensions and opt-outs would influence both his and the teams’ financials and cap implications.[8][1]
If you’d like, I can look up the very latest sources and summarize any new developments with exact dates and contract numbers. I can also pull a quick timeline of Butler’s contract talks and trades from 2024–2026 to give you a clear snapshot. Would you like me to do that?
Citations:
- Butler contract extension with Warriors and related trade details.[1]
- Alternative report on two-year extension and trade context.[2]
- Heat contract drama and Butler's max-contract pursuit context.[8]