Butler traded to Warriors, inks 2-year, $121M extension
The Miami Heat completed a five-team trade that sends Jimmy Butler to the Golden State Warriors, who part with Andrew Wiggins, Dennis Schroder, Kyle Anderson, and a protected first-round pick, the team announced Thursday.
Butler subsequently agreed to a two-year, $121-million contract extension through the 2026-27 campaign, according to ESPN's Shams Charania and Brian Windhorst. He's reportedly declining his 2025-26 option in favor of the new deal.
Miami is receiving Golden State's 2025 first-round pick, which is top-10 protected. The same protections apply in 2026 if the selection doesn't convey this year and will be unprotected in 2027 should the pick not convey again.
The Detroit Pistons, Utah Jazz, and Toronto Raptors are also involved in the intricate trade.
The Pistons will receive Warriors guard Lindy Waters, Schroder, and a 2031 second-round pick from the Warriors. The Heat also send Josh Richardson to the Jazz, who also receive KJ Martin and a 2028 second-round pick from the Pistons and a second-round pick in 2031 and cash considerations from the Warriors.
The Raptors receive P.J. Tucker, who has played for the team on two previous occasions, as well as a second-round pick in the 2026 and cash considerations from the Heat.
The Phoenix Suns were reportedly Butler's top choice, but he also had Golden State on his list of preferred destinations.
Golden State reportedly turned its focus to Butler after Kevin Durant expressed he had no desire to return to the Bay Area.
Butler missed the last two weeks while serving his third Heat-issued suspension this season. He's averaging 17 points, 5.2 boards, and 4.8 assists over 25 appearances.
Meanwhile, Wiggins played a key role on Golden State's 2022 championship squad. He's posted 17.6 points per contest this season and is shooting 37.9% from beyond the arc.
Schroder played just 24 games in a Warriors uniform since his midseason acquisition from the Brooklyn Nets, tallying 10.6 points on 37.5% shooting.
Tucker has yet to make an appearance in 2024-25. He mutually agreed with the Los Angeles Clippers to hold out as they searched for a trade suitor, and the 39-year-old was dealt to the Jazz over the weekend.