NBA Insider Reveals Jimmy Butler to Enter Free Agency Next Summer, Won't Sign Extension with Miami Heat

NBA insider sources hint Jimmy Butler may test free agency next summer, bypassing Miami Heat extension talks. Get the latest scoop here! Read more

Updated on Jun 27, 2024  |  09:11 AM IST |  59K
Image Courtesy: Twitter
Image Courtesy: Twitter

League sources briefed on the matter informed The Athletic that Jimmy Butler, a six-time NBA All-Star, has made a decision. Next season, he will play out his existing contract with the Miami Heat instead of signing with them or any other team. This comes ahead of his 2025 opt-out clause.

Since joining the Miami Heat in 2019, Jimmy Butler has become an indispensable player. In his inaugural season, he steered the team to the NBA Finals in 2020. However, they fell short of victory, losing to the Lakers in just 6 games.

Jimmy Butler to enter free agency, won't extend with Miami Heat

The Miami Heat's Jimmy Butler has chosen not to sign an extension, prompting him to enter into free agency. Despite assumptions of a potential trade due to the absence of an extension, the decision solidifies Butler's commitment to Miami for the upcoming season. League sources confirm Butler's fondness for Miami and his strong desire to remain with the Heat.

While the Miami Heat hasn't shown any inclination to trade Butler, they would consider trading him this summer if a lucrative deal came their way. But, Butler's disinclination towards an immediate extension will ostensibly restrict the potential return on trading their star player.

Assessing the 34-year-old Butler's current standing, he still has two seasons left in his existing maximum contract which amounts to $48.8 million for 2024-25 and an optional $52.4 million for the season of 2025-26. In the lead-up to the draft and free agency, numerous NBA teams have been diligently keeping tabs on Butler’s circumstances.


ALSO READ: Nets Trade Mikal Bridges to Knicks for Bojan Bogdanovic and 5 First Round Picks in Blockbuster Deal: Report

Butler prioritizes flexibility and future earnings in free agency

Jimmy Butler is banking on his future gains and flexibility in free agency. After scoring an average of 20.8 points, grabbing 5.3 rebounds and 5.0 times per game in the previous season with the Heat, Butler is set on a strong 2024-25 season. This would not only help the Heat recover from their initial round playoff defeat to Boston but will also put Butler in a strategic position for a more lucrative deal next summer, in Miami or elsewhere.

When Butler opts out next summer to be a free agent, he would qualify for a four-year maximum extension projected at $243 million with his present team or a maximum of a three-year deal worth $171 million with another team.

However, the Heat's ability to make an offer this summer is constrained by the collective bargaining agreement rules. This summer, Miami can offer an extended deal to Butler that could go as high as $113 million for two years. By deferring till the next summer, he can extend the tenure of his new deal through opting out and free agency.


Still, Pat Riley, the Heat's president hinted during the team’s concluding season press briefing in May that the team's decision to propose a new deal to the superstar wing would be influenced by Butler's unavailability in recent seasons.

ALSO READ: JJ Redick Responds to Allegations He Called Black Woman N Word at Duke Before Lakers HC Appointment

Pinkvilla Pulse
Subscribe to our newsletter for entertainment exclusives, star interviews, and the latest lifestyle trends. Look No Further!
About The Author

Rakesh Mehra is a passionate sports content writer at Pinkvilla, dedicated to bringing the thrill of the game to



Latest Articles