In an unusual move, Heat president of basketball operations Pat Riley has made a public statement saying Miami isn’t trading Jimmy Butler (Twitter link).
“We usually don’t comment on rumors, but all this speculation has become a distraction to the team and is not fair to the players and coaches. Therefore, we will make it clear – We are not trading Jimmy Butler,” Riley said.
Riley’s statement comes on the heels of ESPN’s Shams Charania reporting on Wednesday that Butler preferred a trade out of Miami, though he has not formally requested to be dealt, which was confirmed by multiple local reporters.
Neither Butler nor the Heat have denied that the star forward is unhappy with his contract situation, however, and Riley did not address that in his statement. That may be a moot point, since there’s no indication Butler has caused any friction behind the scenes, and he still has at least this season left on his contract, with a $52.4MM player option for 2025/26. But Butler did force his way out of Minnesota six years ago.
Barry Jackson and Anthony Chiang of The Miami Herald followed up on Charania’s report by adding additional details, including that Butler would play out the season with Miami if that’s what the team decides, but would be fine with a change of scenery as well. Time will tell if Butler changes his mind on that stance.
Responding to the rumors prior to Riley’s announcement, head coach Erik Spoelstra made it clear the Heat want to keep Butler around.
“We want Jimmy here. There’s no ifs, ands or buts about it,” Spoelstra said as part of a larger quote. “And it’s just unfortunate that you have to control or deal with a lot of the noise on the outside.”
Reporting in the wake of Miami’s elimination from the 2024 playoffs indicated that Butler would be seeking a maximum-salary extension during the offseason. Asked about that possibility during his end-of-season press conference in the spring, Riley expressed reluctance to make that sort of financial investment in a player “unless you have someone who is going to be available every night,” a reference to Butler’s injury issues in recent seasons.
Butler subsequently decided to remain with the Heat without an extension rather than pushing for an offseason trade. However, he has been unhappy about not being extended, according to The Miami Herald, which reported that Butler’s relationship with the Heat has become “somewhat strained.”
Marc Stein and others have reported that the Heat believe they’d be in a good position with Butler next summer, since the rebuilding Nets are the only team projected to have maximum-salary cap room. Jackson reiterated that point yesterday and again this morning, suggesting that Miami would be perfectly fine with — and even prefers — parting with Butler in a possible sign-and-trade in the offseason, even if it doesn’t return much value (Twitter links). That would only be possible if Butler declines his player option, which he still intends to do, according to Jackson.
Butler led the Heat to the NBA Finals in two of his first five seasons in Miami, and was a missed three-pointer away from making a third trip. The Heat lost on each occasion (to the Lakers and Nuggets, respectively).
A five-time All-NBA and five-time All-Defensive team member, Butler has been a highly effective two-way star for Miami when healthy. However, he will be 36 before the start of next season, and he has dealt with injuries throughout his 14-year career, only twice exceeding 70 games played in a regular season.
Of course, it’s always possible that the Heat could be trying to put a public rest to the recent drama while still listening to offers for Butler ahead of the February 6 trade deadline. We’ll see what happens over the next six weeks.
Assuming Johnson signs a minimum-salary contract, he’ll earn a rest-of-season salary of $724,883, which will also be Miami’s cap hit. However, because Johnson joined the team as a free agent, for the purposes of tax and apron calculations, the deal would count for $1,307,699 (the same as a veteran minimum contract).
Charania clarifies that Butler has not formally asked the Heat to trade him, but he’s “believed to be ready for his exit” from the franchise.
3:17pm: The Knicks intend to re-sign 
Smith 
Due to the NBA Cup scheduling, Wembanyama and the Spurs only played two games during the week of December 16-22, but the reigning Rookie of the Year was absolutely dominant in those two outings, averaging 36.0 points, 6.5 rebounds, 4.0 assists, and an eye-popping 7.0 blocks in 33.5 minutes per contest.