The Heat are open to listening to trade inquiries on star forward Jimmy Butler and making a deal if they get an offer they like, sources tell Shams Charania of ESPN (Insider link).
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, president of basketball operations Pat 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 put off extension discussions and remain with the Heat rather than pushing for a trade.
As Charania writes, the 35-year-old still has a strong affinity for Miami and has been professional throughout this season, but with the Heat having hovered around play-in territory for the last couple years and Butler potentially reaching free agency at season’s end, the front office has been “open-minded” about trade inquires.
According to Charania, Butler’s agent Bernie Lee has made it clear in league circles that Butler would be open to destinations like the Rockets, Mavericks, and Warriors. While Butler is a Texas native, his top priority in the event of a trade is believed to be joining a team capable of contending for a championship.
Teams, including the Heat, have been informed that Butler intends to turn down his $52.4MM player option for the 2025/26 season in order to become a free agent next summer, sources tell ESPN. Still, given that few teams project to have significant cap room in 2025, the club that has Butler on its roster at the end of the season would likely be the favorite to re-sign him, since that club would hold his Bird rights.
Butler has missed five games for health reasons so far this season, but has been effective in his 17 outings, averaging 19.0 points, 5.4 rebounds, and 4.8 assists in 32.1 minutes per game, with a .557/.360/.787 shooting line. The Heat have gone 10-7 in the games he has played and have a record of 2-3 when he’s been out.