Jimmy Butler expected to seek max extension from Miami Heat this summer

Jimmy Butler expected to seek max extension from Miami Heat this summer

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Jimmy Butler expected to seek max extension from Miami Heat this summer

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But one of the biggest questions facing the Heat this summer involves one of the best players on its roster. Jimmy Butler, who turns 35 on Sept. 14, is expected to seek a maximum two-year contract extension worth about $113 million from the Heat this offseason, according to a league source.
Source: Miami Herald

What’s the buzz on Twitter?

Wes Goldberg @wcgoldberg
I wrote about the Heat’s difficult task of keeping this championship window open and what comes next for Jimmy Butler, who is extension eligible this summer.
allucanheat.com/posts/miami-he…2:10 PM
Wes Goldberg @wcgoldberg
This Heat season is over before it feels like it ever really started.
Jimmy Butler sitting on the bench in street clothes for a Heat-Celtics series feels surreal but an appropriate way to end this season. – 9:19 PM
Tim Reynolds @ByTimReynolds
One good note for Heat fans: Bam Adebayo has joined LeBron James, Dwyane Wade and Jimmy Butler as the only players in Heat history with 20 or more points in 10 consecutive playoff games.
James 22
James 17
Wade 17
Wade 11
Butler 10
Wade 10
James 10
Adebayo 10 – 8:52 PM
Ira Winderman @IraHeatBeat
Yes, the Celtics during the pregame showed Jimmy Butler’s TNT interview from Game 3 when he talked about too much Celtics praise during this series. Butler is not here, but nonetheless was booed. – 7:39 PM
Souichi Terada @SouichiTerada
Celtics just showed Jimmy Butler’s TNT interview from Game 3 (where he talked about the national media praising the C’s after a loss??) during pregame and everyone boo’d lol – 7:30 PM
Sean Grande @SeanGrandePBP
Heat at Celtics – TD Garden – May 1, 2024 – Game 5 Starters
Boston – Holiday, White, Brown, Tatum, Horford
Miami – Delon Wright, Tyler Herro, Caleb Martin, Nikola Jovic, Bam Adebayo
OUT – Boston: Porzingis Miami: Jimmy Butler, Terry Rozier, Jaime Jaquez Jr., Josh Richardson pic.twitter.com/nRz8crIoFR7:02 PM

Ira Winderman @IraHeatBeat
With Jaime Jaquez Jr. out in addition to Jimmy Butler and Terry Rozier, the Heat this time are opening with Bam Adebayo, Nikola Jovic, Caleb Martin, Tyler Herro and . . . Delon Wright. – 7:00 PM
Nick DePaula @NickDePaula
You’ll want to subscribe to my newsletter SNEAKER GAME…
Today’s edition dives into WNBA shoe deals, how Jimmy Butler’s smart ‘carve out’ led to his BIGFACE brand’s award-winning launch & latest deals going down across the industry.
Subscribe here!👇
boardroom.tv/sneaker-game-n…4:44 PM
Ira Winderman @IraHeatBeat
Where the Heat stand for tonight’s 7:30 p.m. Game 5 vs. Celtics down 3-1 (Bally Sports Sun, TNT):
Jimmy Butler (knee) out.
Terry Rozier (neck) out.
Jaime Jaquez Jr. (hip) out.
Josh Richardson (shoulder) out.
Duncan Robinson (back) available but limited. – 9:15 AM
Ira Winderman @IraHeatBeat
Jimmy Butler, Terry Rozier, Jaime Jaquez Jr., and Josh Richardson did not travel today with the Heat to Boston. – 3:00 PM
Anthony Chiang @Anthony_Chiang
Jaime Jaquez Jr. out for Game 5 with right hip flexor strain.
Heat also remains without Jimmy Butler and Terry Rozier. – 2:57 PM
Sean Grande @SeanGrandePBP
Celtics at Heat – Kaseya Center – April 29, 2024 – Game 4 Starters
Boston – Holiday, White, Brown, Tatum, Porzingis
Miami –Tyler Herro, Caleb Martin, Jaime Jaquez Jr., Nikola Jovic, Bam Adebayo
OUT – Boston: None Miami: Jimmy Butler, Terry Rozier, Josh Richardson pic.twitter.com/p2j1EDZK5n7:03 PM

Ira Winderman @IraHeatBeat
The Heat again opening with Bam Adebayo, Nikola Jovic, Jaime Jaquez Jr., Caleb Martin and Tyler Herro. That’s with Jimmy Butler, Terry Rozier and Josh Richardson again out. – 7:00 PM

More on this storyline

The three-year, $146.4 million extension that Butler signed with the Heat in the 2021 offseason includes a guaranteed $48.8 million salary for next season and a $52.4 million player option for the 2025-26 season. The extension that Butler will seek would replace his 2025-26 option and begin that season. This two-year max extension would include salaries of $54.3 million for the 2025-26 season (nearly a $2 million increase from the player option in Butler’s current contract for that season) and $58.6 million for the 2026-2027 season when Butler will be 37 years old. -via Miami Herald / May 2, 2024
If Butler gets the extension that he will ask the Heat for, he would be the eighth-highest paid player in the league for the 2025-26 season (based on contracts already signed that include the 2025-26 season) with a salary of $54.3 million. Butler would also be the sixth-highest paid player for the 2026-27 season (based on contracts already signed that include the 2026-27 season) with a salary of $58.6 million. Whether the Heat gives Butler this deal will be decided in the coming months, as the window to sign him to an extension opens July 7. With Butler expected to go for the extension that includes declining his 2025-26 player option and replacing it with a new two-year contract, the window to sign that type of deal doesn’t close until June 30, 2025. But the expectation is Butler and his camp will push for that extension before the start of the upcoming season. Choosing not to offer this exact extension this offseason could lead to a disgruntled Butler. -via Miami Herald / May 2, 2024
Adebayo, who turns 27 on July 18, is eligible to sign a four-year, $245 million extension this offseason with the Heat if he meets the supermax criteria. He can become eligible for a supermax extension by winning the Defensive Player of the Year award (he’s one of the three finalists for the honor) or by being named to an All-NBA team (first, second or third) this season. But if Adebayo doesn’t qualify for the supermax, he will instead be eligible for a three-year contract worth $165 million. Any extension Adebayo signs this offseason would begin in the 2026-27 season. While the Heat and Butler will use this offseason to determine what comes next, Butler’s first five seasons with the organization have been a big success despite not winning an NBA championship. -via Miami Herald / May 2, 2024

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