Jimmy Butler is now eligible for a contract extension

Jimmy Butler is set to become eligible for a contract extension with the Miami Heat this offseason, starting July 7th. His current deal sees him locked in for $48.8 million for the 2024-25 season, with a player option for $52.4 million the following year.

There are a few paths Butler could take. He might opt for a one-year extension at $58.6 million for the 2025-26 season. Alternatively, he could go for a two-year, $112.9 million extension covering both 2025-26 and 2026-27, which would void his player option.

Butler's impact on the Heat has been immense. Since his arrival in 2019, the team has seen significant postseason success, reaching three Eastern Conference finals and two NBA Finals. Despite turning 35 in September, Butler remains a key player. However, his recent injury history and decline in shooting efficiency raise questions about his long-term future.

With decisions looming for both Butler and the Heat, the offseason promises to be a crucial period for both player and team alike.


Source ESPN: NBA offseason 2024: Guides for every eliminated NBA team
Source RealGM: Jimmy Butler Eligible To Sign Two-Year, $112.9M Extension With Heat On July 7