Jimmy Butler is not planning to sign an extension with the Miami Heat or any team that might trade for him ahead of his potential 2025 free agency, according to The Athletic’s Shams Charania. Butler will instead play out the 2024-25 season hoping to have a big enough year to earn a major payday next summer, when he has a $52.4 million player option that he can either use for another year of max money or opt out of to secure a long-term deal.
Butler has been the subject of trade rumors all offseason. With potentially two years left on his contract, previous reports had indicated that Butler was hoping to secure a two-year max extension. While other teams were reportedly willing to give him that extension through a trade, the Heat were hesitant. “That’s a big decision on our part to commit those kinds of resources unless you have somebody who’s going to be there and available every single night,” Riley said at his end-of-season press conference. “That’s the truth.”