Bulls exec: Team will match any offer for Jimmy Butler

Jimmy Butler is going to be with the Chicago Bulls at least a little while longer.

The impending restricted free agent has been steadfast that he hopes to remain with the Bulls beyond this season, which has presented a major breakout at the offensive end. Butler turned down a reported four-year, $40-million extension offer this offseason to bet on himself, as he said, and it's going to pay off, barring any unforeseen circumstance.

Bulls executive John Paxson confirmed an earlier report on Thursday, saying that the team will match any offer Butler receives on the market, up to and including the maximum.

As a restricted free agent, Butler can sign an offer sheet with any team, but the Bulls have the right to match any deal. The Bulls can also offer more years and money right out of the gate, though they'd obviously prefer to work out a contract south of the max.

Confirming what was widely believed to be true is a smart play by Paxson. Not only does it take any attention away from Butler's status for the remainder of the season, but it could also serve to depress his market this summer. If teams are certain the Bulls will match any offer, they may be hesitant to test them and sign Butler to an offer sheet, tying up their cap space for up to three days while the Bulls wait to match.

In 41 games, Butler is averaging 20.5 points, six rebounds and 3.2 assists while playing his usual exemplary perimeter defense.