);
Minnesota Timberwolves

Report: Jimmy Butler turns down Minnesota Timberwolves contract extension offer

jimmy-butler-ftr-071418
Jimmy Butler (Getty Images)

According to multiple reports, Minnesota Timberwolves All-Star guard Jimmy Butler turned down a four-year contract extension worth approximately $110 million.

In an interview with a local ESPN radio affiliate, Timberwolves owner Glen Taylor acknowledged that Butler had rejected the offer.

"We offered him the extension, and they've met and come back to us and said they're really appreciative of it, they appreciate that we got to them right away and all that, but they declined it," Taylor said of the extension, per ESPN's Nick Friedell.

"They said, 'You guys have done everything and we're very appreciative, but our bet is that we should wait 'til next year and we could get ourselves a better deal.' ... We did everything we could, and they want to do what they think is right for Jimmy."

Provided Butler stays healthy and delivers another All-Star season this year, he could earn a bigger contract in the 2019 offseason, when the salary cap is expected to rise. Next summer, Butler will be a free agent if he opts out of the final year of the 5-year $90 million contract he signed with Chicago in 2015.

In the 2017-18 season, Butler appeared in 59 games, averaging 22.2 points, 5.3 rebounds and 4.9 assists. Despite missing 23 games with an injury, he helped lead Minnesota to a 47-win season and its first postseason appearance since 2004.

Keep up to date with all of the latest :tag: news!
Sure Not Now

More from NBA.com

#Harden
Harden joins elite company on career night
Benyam Kidane
jonas-valanciunas-032219-ftr-getty.jpg
Friday's action: Valanciunas pulls down 24 rebounds
NBA.com Staff
westbrook-siakam
Westbrook, George and Schroder lead Thunder past Raptors
Gilbert McGregor
thunder-raptors-032219-ftr-getty.jpg
Four takeaways from Raptors loss to Thunder
Scott Rafferty
carmelo-thompson-klay-102718-ftr-getty.jpg
The highest scoring quarters in NBA history
Scott Rafferty
james-harden-032219-ftr-getty.jpg
Harden scores 27 points in first quarter
Scott Rafferty
More News