HUGE UPDATE: Heat GM Andy Elisburg Issues a Shocking Update on Jimmy Butler Contract Extension and His Outrageous $113 Million Demands.

According to NBA insider Shams Charania of The Athletic and Stadium, Jimmy Butler intends to stay with the Miami Heat.

Butler is contract-eligible this offseason, and NBA reporter Anthony Chiang of The Miami Herald expects him to pursue a two-year agreement at around $113 million.

Butler will earn $48.8 million next season. He has a player option worth $52.4 million for the 2025–26 season.

In the first round of this year’s postseason, the Heat were defeated in five games by the Boston Celtics. Butler did not play due to a knee issue.

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Butler, a six-time All-Star, averaged 20.8 points, 5.3 rebounds, 5.0 assists, 1.3 steals, and 0.3 blocks in 60 games this season. He shot 49.9% from the field, 41.4% from beyond the arc, and 85.8% from the free-throw line.

Butler has career averages of 18.3 points, 5.3 rebounds, 4.3 assists, 1.6 steals, and 0.4 blocks with the Chicago Bulls, Minnesota Timberwolves, Philadelphia Sixers, and Miami Heat. He has earned five All-NBA and five All-Defensive teams.

If the Heat do not sign Butler to an extension, some NBA observers believe the star may request a move. However, there has been no concrete reporting indicating that this would occur.

The Sixers are interested in acquiring Butler, who appeared in 55 games for the team in 2018-19. According to NBA reporter Keith Pompey of The Philadelphia Inquirer, the team is willing to grant Butler a maximum extension.

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“It’s no secret that the 76ers are closely monitoring Jimmy Butler’s contract situation with the Miami Heat,” said Pompey. “The Sixers see him as a backup plan if they are unable to get Paul George in free agency. According to insiders, the Sixers are willing to offer Butler a maximum-salary extension if circumstances align and he forces a trade out of Miami.

The Sixers are expected to have approximately $60 million in cap space this offseason. In the first round of the 2024 playoffs, they were eliminated by the New York Knicks in six games.

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