The Rockets came up short in their pursuit of Jimmy Butler during the 2018/19 season when the standout forward was on the trade block, despite reportedly offering a package that featured four first-round picks. With Butler on track to reach free agency this summer, the Rockets are expected to once again aggressively go after the 29-year-old, according to Brian T. Smith of The Houston Chronicle (Twitter links), who reports that Butler’s name will be atop Houston’s offseason wish list.
As Smith explains, the Rockets consider Butler an ideal fit on both ends of the court, viewing him as a piece that could push the team over the hump in the Western Conference. Per Smith, Houston’s ideal scenario would be to add Butler to its James Harden/Chris Paul pairing, despite rumors of significant discord between the two guards.
Smith’s report lines up with recent comments made by general manager Daryl Morey, who talked about the possibility of adding a third star to the Rockets’ roster this offseason.
Although the Rockets would love to add Butler and the Houston native may have interest in joining his hometown team, the club’s salary cap situation will make it difficult — especially since Butler has talked about expecting to sign a maximum-salary contract, which would start at about $32.7MM.
There’s no realistic way for the Rockets to create the cap room necessary to sign Butler to anything close to the max, so that’s likely not an option. That leaves two other potential pathways — a sign-and-trade or an opt-in-and-trade.
A sign-and-trade would require the Sixers to be on board, which means the Rockets would have to send some appealing assets Philadelphia’s way, including perhaps shooting guard Eric Gordon. Even then, salary-matching would be difficult and might require a third team. Houston would also be hard-capped in that scenario, significantly limiting the club’s flexibility.
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If Butler were to exercise his $19.84MM player option for 2019/20 instead of opting out as planned, it’d create a much cleaner path to a deal. The two teams could then negotiate a straight trade, like the Rockets and Clippers did two years ago when Paul wanted to play in Houston, though as with a sign-and-trade, the Sixers would have to sign off.
Additionally, Butler would presumably be reluctant to give up a longer-term, maximum-salary deal this summer unless he has assurances that such a deal would be waiting for him from the Rockets in 2020. That’s essentially what happened with Paul in 2017 — his payday was delayed until 2018, but there was never any doubt Houston would give it to him.
Of course, owner Tilman Fertitta has reportedly complained since day one about the team’s long-term investment in CP3, so it’s not clear if the club would be willing to make a similar wink-and-nod commitment to Butler.
The idea of the Rockets acquiring Butler still looks like a long shot at this point, but Morey has creatively completed deals in the past, and will certainly explore every avenue he can to do so again this time around.