AUGUST 7: Butler has officially signed the extension, according to a team press release.
“Jimmy is the anchor and face of our franchise along with Bam (Adebayo) and Kyle (Lowry),” Heat president Pat Riley said in a statement. “With Jimmy, we get an All-NBA player, an All-NBA Defensive player, tough as nails and a complete player across the board. He’s very deserving of this contract as he continually puts himself at the top of the league at his position. Having him in the HEAT organization has been a great, great coup for us.”
AUGUST 6: The Heat and Butler are in formal agreement on a new four-year extension, reports Ira Winderman of The South Florida Sun Sentinel.
The extension will include a player option for the 2025/26 season, according to Winderman, who says the deal is worth a projected $184MM.
AUGUST 2: Jimmy Butler is expected to sign a four-year max extension with the Heat, Jon Krawczynski and Shams Charania of The Athletic report (Twitter link).
Butler can officially sign the extension on Friday. Based on the projected 2022/23 salary cap, the extension will be worth approximately $186.6MM.
The acquisition of Butler in a sign-and-trade with Philadelphia in 2019 propelled the club to the 2020 Finals and he’s looked upon as the leader of a team built on toughness and defense.
There was growing optimism that Butler and the franchise would agree to an extension and that has apparently come to fruition. Butler’s extension is part of a frenzy of planned moves designed to get Miami back to the Finals next season, according to Marc Stein of Substack.
Miami is also acquiring veteran point guard Kyle Lowry and re-signing sharpshooting wing Duncan Robinson.
Injuried limited Butler to 52 regular season games this past season but he still put up big numbers — 21.5 PPG, 6.9 RPG, a career-high 7.1 APG and 2.1 SPG.
14 thoughts on “Jimmy Butler Signs Max-Salary Extension With Heat”
Congrats to Butler and he will deliver a Title to Miami.
Best 2way player in the game. Congratulations Jimmy. It’s going to be fun watching Heat this yr. See ya in the playoffs.
Lol best in the game? That’s hyperb-Al-e if I ever heard it
I love Butler passion and game and work ethic but he is a top two two player. Kawhi is definitely number one . Butler is a better leader and shows more passion.
I give it two years before he asks to be traded.
Glad to have him for the foreseeable future. As Heat DNA as it gets
So 1 player gets roughly 1/3 of the teams “salary cap” (as the NBA calls it). The whole NBA financial structure with all its loopholes and exceptions is so laughable….what an absolute joke. Yet somehow they’re able to sign all these other players to obscene contracts as well? Whatever
They do need to cut back/cut down on the exceptions. I agree there are way too many options to get around the salary cap…unless you are right up against the hard cap.
The NBA salary structure is the only thing in this world that makes the NFL salary structure look logical. Both are insanely stupid
Wow….$45 mil per? The nba/mlb are absolutely the sports you should push your athletic kids to play.
All thiese contracts are ridiculous. I believe soon they will reduce can’t go on like this . Just look at Europe football rules . I think they should adopt some of it of fair play.
Miami had to do this but that contract is really ugly the last couple years.
I thought when Jimmy signed in Miami he said that was the last contract he would ever sign, he didn’t want to be playing in his aging years when his skills were diminishing.
Hm, I guess money changes everything.