Grizzlies Have Talked To Heat About Jimmy Butler

The Grizzlies are “lurking” as a potential suitor for Heat star Jimmy Butler, according to Brian Windhorst and Tim Bontemps of ESPN (Insider link), who report that Memphis has talked to Miami about Butler.

Multiple reporters have indicated that Butler’s camp has warned Memphis not to pursue him, though there hasn’t been an explicit reason given as to why. The 35-year-old makes $48.8MM in 2024/25 and could hit free agency in the summer if he declines his $52.4MM player option for ’25/26.

League executives have speculated that the Grizzlies might be interested in Butler for multiple reasons, per Windhorst and Bontemps.

For starters, they would like to consolidate some of their talent for an on-court upgrade ahead of the playoffs. Secondly, if they’re able to move off multiple multiyear contracts (Marcus Smart, among others) in a potential Butler deal and the six-time All-Star walks in free agency, they would have enough cap room to renegotiate and extend Jaren Jackson Jr. in the offseason.

Due to the declining structure of Jackson’s contract and his relatively team-friendly cap hit, a veteran extension may not be possible unless he becomes eligible for a super-max by making an All-NBA team or winning Defensive Player of the Year for a second time.

If Memphis doesn’t want to extend Butler, that could certainly explain why his representatives have warned the team against trading for him. His rift with Miami has largely centered around his desire to receive a maximum-salary extension.

Sources tell ESPN that both the Heat and Butler are motivated to get a trade done before the February 6 deadline, but there’s still a legitimate chance the stalemate extends into the summer, when more suitors and options could emerge.

Referring to the Suns‘ level of desperation as “extremely high,” Windhorst and Bontemps confirm that trading for Butler remains Phoenix’s top priority. However, it’s unclear if Phoenix’s recent draft-pick trade with Utah will increase the odds of landing Butler, since the Suns still have to find a taker for Bradley Beal and his no-trade clause.

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