Report: Butler traded to Warriors, inks 2-year, $121M extension

The Miami Heat are finalizing a multi-team trade that will send Jimmy Butler to the Golden State Warriors, who will part with Andrew Wiggins, Dennis Schroder, Kyle Anderson, and a protected first-round pick, sources told ESPN’s Shams Charania.

Butler subsequently agreed to a two-year, $121-million contract extension through the 2026-27 campaign, Charania and ESPN’s Brian Windhorst add. He’s reportedly declining his 2025-26 option in favor of the new deal.

Miami is receiving Golden State’s 2025 first-round pick, which is top-10 protected, NBA insider Zach Lowe reports. The same protections apply in 2026 if the selection doesn’t convey this year and will be unprotected in 2027 should the pick not convey again, per Lowe.

The Detroit Pistons will receive Warriors guard Lindy Waters and Heat wing Josh Richardson as part of the trade, sources told Charania, who adds Schroder is going to the Utah Jazz.

The Jazz are sending veteran forward P.J. Tucker to the Heat, Charania reports.

Anderson will remain with Miami for at least the time being after the Toronto Raptors’ part in the trade fell through, according to Charania.

The Phoenix Suns were reportedly Butler’s top choice, but he also had Golden State on his list of preferred destinations.

Golden State reportedly turned its focus to Butler after Kevin Durant expressed he had no desire to return to the Bay Area.

Butler has missed the last two weeks as he serves his third team-issued suspension this season. He’s averaging 17 points, 5.2 boards, and 4.8 assists over 25 appearances.

Meanwhile, Wiggins played a key role on Golden State’s 2022 championship squad. He’s posted 17.6 points per contest this season and is shooting 37.9% from beyond the arc.

Schroder played just 24 games in a Warriors uniform since his midseason acquisition from the Brooklyn Nets, tallying 10.6 points on 37.5% shooting.

Tucker has yet to make an appearance in 2024-25. He mutually agreed with the Los Angeles Clippers to hold out as they searched for a trade suitor, and the 39-year-old was dealt to the Jazz over the weekend. Tucker spent the 2021-22 campaign with the Heat, averaging 7.6 points and starting 70 games.

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