);
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.

More from NBA.com

#Giannis Kawhi
What to watch for in Raptors-Bucks Game 6
Kyle Irving
Kevin Durant
Durant initially feared his injury was much worse
Benyam Kidane
Jerry Logo
NBA moves free agent negotiation period up to June 30
NBA.com Staff
kawhi-leonard-giannis-antetokounmpo-052219-ftr-nba-getty
Odds, picks for Raptors-Bucks Game 6
NBA.com Staff
kawhi-leonard-042419-ftr-getty.jpg
Kawhi's simple but effective playmaking in one possession
Scott Rafferty
Check out all the stars on NBA League Pass
NBA Playoff broadcast schedule
NBA.com Staff
More News