Report: Timberwolves’ Jimmy Butler was hoping for a renegotiation and extension this summer
Jimmy Butler requested a trade from the Minnesota Timberwolves after turning down a four-year, $110 million extension earlier this summer, but now it has been revealed that the four-time All-Star was hoping for a renegotiation and extension of his deal, according to Jon Krawczynski of The Athletic.
There have been plenty of rumblings that Butler was at a place of discomfort with Andrew Wiggins and Karl Anthony Towns, both of whom he felt didn’t show the requisite effort and feelings about winning. However, Butler was still interested in renegotiating his current contract and extending it this summer, which never came to fruition.
The max extension would have seen Butler earn in the region of $30 million in the 2018-2019 season, while adding another four years worth roughly $145 million. But in order to achieve the terms of such a renegotiation and extension, the Wolves would have had to cut a ton of salary to make it work cap wise.
Instead, the Wolves offered that four-year, $110 million extension, the highest they could under the current collective bargaining agreement. Butler turned that down because he could make significant more money next summer as a free agent.
If Butler is traded, he’s eligible next summer to sign the deal he’s seeking close to $190 million. If he stays with the Wolves through this season and then signs with another team, he’ll only be eligible for a max of four years, $141 million. While that’s still a lot, the extra year of security is helpful.
Butler could also theoretically sign that same five-year max in Minnesota, but he has already told them he doesn’t intend to do that.