Heat, Jimmy Butler nearing max extension

Jimmy Butler will be a Miami Heat, through and through.

The five-time All-Star is expected to agree to a maximum contract extension with the Heat when the league year opens on Aug. 6, per multiple reports. The deal is expected to be for four years and worth north of $184 million.

Butler’s deal comes on the heels of Kyle Lowry heading to Miami on a reported three-year, $90 million contract as part of a sign-and-trade with the Raptors.

The 31-year-old Butler was a crucial member of the Heat’s NBA Finals run in the 2020 bubble. He averaged 22.2 points, 6.5 rebounds, and six assists per game before falling to the Los Angeles Lakers in the Finals. Butler was seen as the veteran leader on that young, inexperienced Heat team.

Jimmy Butler #22 of the Miami Heat drives to the basket
Jimmy Butler is staying in Miami.
Getty Images

Butler joined the Heat in the 2019 offseason in a big sign-and-trade deal that sent Hassan Whiteside to the Trail Blazers, Josh Richardson to the Sixers, Maurice Harkless, and a future first-round pick to the Clippers, and Meyers Leonard and Butler to the Heat.

Before the Heat, the 2015 Most Improved Player bounced around the league. He played for the Chicago Bulls for six seasons before a brief stint with the Minnesota Timberwolves — in which Butler butted heads with the front office and Karl-Anthony Towns — and a half-season with the Philadelphia 76ers.

Last season, Butler averaged 21.5 points and career-highs in assists (7.0) and rebounds (6.9). Although, he struggled mightily in the playoffs and failed to score more than 19 points in the Milwaukee Bucks sweep of the Heat. He was also inefficient in that series, shooting just 29.6 percent from the field and 26.6 percent from 3-point range. Nevertheless, the Heat are locking up Butler.