Butler inks 4-year, $184M max extension with Heat
Butler, 31, lengthens his two-year stay in Miami with a deal that extends off his $36 million player salary for the 2021-22 season.
The five-time All-Star's extension comes as little surprise, especially following the sign-and-trade acquisition of his close friend Kyle Lowry from the Toronto Raptors.
"Jimmy is the anchor and face of our franchise along with Bam (Adebayo) and Kyle,” said team president Pat Riley.
"With Jimmy, we get an All-NBA player, an All-NBA Defensive player, tough as nails, and a complete player across the board," Riley added. "He’s very deserving of this contract as he continually puts himself at the top of the league at his position. Having him in the Heat organization has been a great, great coup for us."
Butler has enjoyed a stellar spell with the Heat following a move from the Philadelphia 76ers in June 2019 as part of a four-team sign-and-trade deal. The Marquette product guided the Heat to the 2020 NBA Finals, becoming just the third player to post a 40-plus point triple-double in Finals history in the process.
Butler then recorded 21.5 points, 7.1 assists, 6.9 rebounds, and an NBA-high 2.1 steals per game in 2020-21.
In addition to re-signing Butler and luring Lowry to South Beach this offseason, the Heat re-signed sharpshooter Duncan Robinson to a five-year, $90-million deal, and brought Victor Oladipo back on a team-friendly one-year contract. The club also signed veterans Markieff Morris, P.J. Tucker, and Dewayne Dedmon.