11:25am: Butler hasn’t joined the Wolves for training camp yet and has asked to sit out until he has been traded, Wojnarowski and Lowe report in a full story.
Minnesota owner Glen Taylor hopes to get a deal get done soon, but the organization is holding out for an offer that provides quality veterans, top prospects, future assets and cap relief. The price has been too high so far for all the teams interested in Butler, including the Heat, who are said to be the most aggressive. Because Miami is well over the cap, it is unable to offer anything in the way of cap relief, notes Ira Winderman of The Sun-Sentinel (Twitter link).
Sources tell Wojnarowski they’re skeptical that coach/executive Tom Thibodeau wants to part with Butler, even after Taylor’s mandate. ESPN colleague Zach Lowe adds that it’s not possible to exaggerate “how volatile things are in Minnesota right now.” (Twitter link)
Wojnarowski also reported last night that the Suns, who are in the market for a point guard, looked into getting involved to help facilitate a three-team trade, but decided what the Wolves were asking was “far too steep” (Twitter link). There hasn’t been any communication about sending Jeff Teague or Goran Dragic to Phoenix, but that could still happen if Minnesota and Miami make progress on trade talks.
It has been nine days since Butler met with Minnesota’s front office and issued his trade request. Taylor wanted to get a deal done quickly to “avoid a circus” in training camp, but the situation doesn’t appear close to a resolution. Miami is reportedly Butler’s first choice among trading partners, but so far that hasn’t made a difference.