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Trade Rumors: Butler, C. Johnson, Nets, Grizzlies, Pelicans

January 3rd 2025 at 1:54pm CST by Luke Adams

The rest of the NBA is watching the standoff between the Heat and Jimmy Butler with “their popcorn out,” according to ESPN’s Brian Windhorst (Insider link), who notes that team president Pat Riley doesn’t make a habit of deferring to his star players, operating with a “bluntness and strength” that’s somewhat atypical of team executives in this era.

“You cannot intimidate Pat Riley,” one prominent player agent said to ESPN.

As Windhorst details, Riley let longtime franchise star Dwyane Wade walk over a contract dispute in free agency in 2016 and reportedly shut down LeBron James when the star forward hinted he wanted head coach Erik Spoelstra replaced back in 2010. If the longtime Heat president approaches the Butler situation with a similar mindset, he’s not likely to grant the 35-year-old’s trade request if he doesn’t like what Miami is getting in return.

“The Heat make mistakes and sometimes have issues with players just like everyone else,” one general manager told Windhorst. “But they do not get pushed around.”

As Tim Bontemps of ESPN points out within the same story, under the NBA’s current Collective Bargaining Agreement, it’s not necessarily the worst outcome to have a maximum-salary free agent walk away for nothing. The Clippers took that route with Paul George this past offseason, opting for additional cap flexibility rather than taking back contracts that they didn’t want and would’ve had trouble moving. If the trade offers for Butler are underwhelming, the Heat may decide that’s the best path for them too.

Here are a few more trade-related notes and rumors from around the NBA:

  • While Cameron Johnson is among the most coveted trade targets in the NBA, talks involving the Nets forward are expected to be more complex than the ones for Dennis Schröder and Dorian Finney-Smith, according to Windhorst, so they’ll take more time. There will be more suitors in play for Johnson, and Brooklyn has made it clear the price will be higher than it was for its other veterans. As Windhorst writes, the Nets have expressed a belief that Johnson could be a long-term keeper, since he’d fit well alongside just about any impact player they’re able to land in the coming years. Still, at least one rival executive believes that stance may just be a negotiating tactic. “That’s all good to say, but they’ll trade him if they get what they want,” the exec said. “They like him as a player and a person and all that, but they built his contract specifically to be able to trade him by next summer.”
  • The bidding war between Memphis and the Lakers for Finney-Smith resulted in “hard feelings emanating” from the Grizzlies and the Nets for the way their talks played out, according to Windhorst. That doesn’t mean the two sides can’t come together for another deal – Memphis is reportedly among Johnson’s possible suitors – but it’s something worth keeping in mind ahead of February 6.
  • Bontemps asked several people around the NBA how many players earning more than Johnson’s $22.5MM will be traded at this season’s deadline. “Not many,” one said. Another replied, “Maybe two?” The thinking is that CBA-related restrictions will complicate moves involving players with significant cap hits.
  • William Guillory of The Athletic takes a closer look at the Pelicans‘ trade options, identifying Herbert Jones, Trey Murphy, and Yves Missi as the only players on the roster who are essentially untouchable this season. Zion Williamson, Dejounte Murray, Jordan Hawkins, and Jose Alvarado aren’t technically in that group, but are also unlikely trade candidates, in Guillory’s view.
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