Butler earned third-team All-American honors after averaging a team-high 16 points on 38.1% 3-point shooting for Baylor last season. His production was instrumental in the Bears finishing the 2019-20 campaign ranked fifth in the nation with a 24-6 record.
Fellow standout guard MaCio Teague has also decided to return, making Baylor one of the leading candidates to be named No. 1 in preseason polls.
"The pieces we have coming in, the pieces we have returning ... I think we'll have a great team," Butler told Stadium's Jeff Goodman.
Along with Butler and Teague, Baylor is now set to have four starters back in the fold, including Davion Mitchell and Mark Vital.