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Jimmy Butler Headed To Warriors, Agrees To Extension

February 5th 2025 at 7:20pm CST by Arthur Hill

The Warriors will acquire Jimmy Butler from the Heat in exchange for Andrew Wiggins, Dennis Schröder, Kyle Anderson and a protected first-round pick, according to Shams Charania of ESPN (Twitter link).

The Pistons are also involved in the trade and will receive Lindy Waters III from Golden State and Josh Richardson from Miami, Charania tweets.

Schröder, meanwhile, is heading to Utah, which was first reported by Jake Fischer of The Stein Line (Twitter link). P.J. Tucker, whom the Jazz acquired over the weekend, will be sent to Miami, sources tell Charania (Twitter link). Tucker played for the Heat during the 2021/22 season.

It was originally slated to be a five-team deal with Anderson going to the Raptors, but that part fell through, sources tell Charania (Twitter links). He adds that Miami is currently holding onto Anderson, who has an $8.78MM salary and one more guaranteed year left on his contract after this season.

Miami will have a full 15-man roster if Anderson isn’t moved elsewhere before the trade deadline, notes Anthony Chiang of The Miami Herald (Twitter link).

Charania reports that Butler has agreed to a two-year, maximum-salary extension with the Warriors that will run through the 2026/27 season. As part of that deal, which projects to be worth $111MM, he will decline his $52.4MM player option for next season.

An inability to work out an extension is the major reason that Butler was unhappy in Miami. He had been suspended three times over the past month and was away from the team as the front office tried to find an acceptable offer before Thursday’s deadline.

Butler, a six-time All-Star who had averaged 17.0 points, 5.2 rebounds, and 4.8 assists per game on .540/.361/.801 shooting in 25 games for Miami this season, had requested a trade in hopes of going to a team that was willing to make a long-term commitment.

Phoenix was widely reported to be his preferred destination, but the Suns were unable to work out a trade involving Bradley Beal, who holds a no-trade clause, and were apparently unwilling to make a deal with Miami that included Kevin Durant. As a result, Butler will instead join a Warriors team that was one of four clubs initially said to be on his wish list back in December and will get the extension he was seeking all along.

Under his new deal, Butler will earn a projected $54.13MM next season and $56.83MM in 2026/27, according to salary cap expert Yossi Gozlan (Twitter link). Gozlan notes that adding Butler ensures that the Warriors will continue to have a large payroll, and they’ll be deep in luxury tax territory if they re-sign restricted free agent Jonathan Kuminga.

Butler has a $407,123 trade bonus that would increase his current salary to $49.2MM, Gozlan adds. However, Butler may need to waive that trade bonus to help Golden State fill out its roster and remain under the first apron, per Bobby Marks of ESPN (Twitter link).

Without accounting for the bonus, the team projects to be $1.8MM below the apron with 11 players under contract. The Warriors will have to fill at least three of their four open roster spots within two weeks. Marks states that it’s possible, but the timing of each signing will be important.

The Heat had an opportunity to duck beneath the tax threshold, according to Gozlan (Twitter link), but that won’t happen if they hold onto Anderson. According to Marks (Twitter link), Miami is currently $7.8MM above the tax line and $3.1MM over the first apron.

Miami will receive the Warriors’ 2025 first-round pick with top-10 protection, sources tell Zach Lowe (Twitter link). The same protection will be in effect for 2026 if the pick doesn’t convey this year. In the unlikely event it lands in the top 10 in each of the next two years, it would be unprotected in 2027.

The Heat had reportedly been opposed to taking back salary that extended beyond the 2025/26 season, but were willing to make an exception for Wiggins, who holds a $30.2MM player option for ’26/27. At his best, the former No. 1 overall pick is an impact two-way player capable of being a secondary scorer on offense and handling challenging defensive assignments on the other end of the court.

Wiggins is averaging 17.6 points, 4.6 rebounds, and 2.3 assists in 30.1 minutes per game across 43 outings this season, with a .444/.379/.777 shooting line.

The Pistons will receive a second-round pick from Golden State for taking on Waters’ and Richardson’s expiring minimum contracts, tweets Omari Sankofa II of The Detroit Free Press, who doesn’t offer any more specifics on the pick.

Detroit currently has 14 players under contract but also reached a deal to acquire KJ Martin from Philadelphia in addition to Waters and Richardson. Depending on the order in which the Pistons complete their reported deals, they’ll need to waive one or two players from their current roster.

It’s worth noting that the Pistons could theoretically fit Martin into their $8MM room exception and take on Waters and Richardson using the minimum salary exception, which means their $14MM in cap room could still be used for a separate trade before they complete their two reported agreements. We’ll see if that ends up happening before Thursday’s deadline.

As part of the Tucker-Schröder swap of expiring contracts, the Jazz will receive the more favorable 2031 second-round pick from the Heat or Pacers, according to Andy Larsen of The Salt Lake Tribune (Twitter link).

This week’s latest mega-deal seems to ensure that Kevin Durant will remain with the Suns past the deadline. The Warriors and Heat were reportedly the teams making the strongest effort to get Phoenix to part with Durant.

Luke Adams contributed to this story.

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