After starting his All-Star career in Chicago and making noise elsewhere, he’s truly found a home with the Heat — check out the details of Miami’s Jimmy Butler contract.
Jimmy Buckets is making big bucks in South Beach. But in the years ahead, he’ll make even more bank.
As the veteran centerpiece of Miami’s young roster, Jimmy Butler continues to dominate as one of the best small forwards in the game. His resume over his 12 seasons in the league to date includes six NBA All-Star selections, four All-NBA team selections, and five All-Defense nods.
After coming to the Miami Heat in 2018 via a sign-and-trade with the 76ers in the midst of a four-year, $140.8 million max contract at 30% of the salary cap, he’s put together an impressive stretch as Erik Spoelstra’s go-to scorer and a shut-down defender. Needless to say that after just a brief period in South Beach, Jimmy Buckets dully earned the subsequent three-year, $146.4 million extension he signed in 2021 that kicks in following 2022-23.
This season, despite missing some time due to injury and crickets, he’s quietly producing noticeably above his career averages in points, rebounds, assists, and field goal percentage. With that in mind, let’s have a look at the finer details behind Miami’s Jimmy Butler contract and his upcoming extension.
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Jimmy Butler Contract & Salary Details
All dollar figures via Spotrac.
Years: 4
Total value: $140,790,600
Total guaranteed at signing: $140,790,600
Average annual value: $35,197,650
Expires: 2023
2022-23 salary: $37,653,300
Upcoming Contract Extension Details
Years: 3 (third season is player option)
Total value: $146,396,031
Total guaranteed at signing: $146,396,031
Average annual value: $48,798,677
Free agency: 2025 or 2026
Butler’s annual contract extension salary earnings:
2023-24: $45,183,960
2024-25: $48,798,677
2025-26: $52,413,394 player option
In addition to earnings from his contracts, Butler has also built up quite a portfolio of investments and brand partnerships — most notably his burgeoning coffee company and his lucrative shoe deal with Li-Ning. He’s also apparently planning to release a country music album.
Jimmy Butler’s Career Earnings
TOTAL NBA EARNINGS THRU 2022-23: $218,065,231
ESTIMATED SALARY EARNINGS THRU 2025-26: $364,461,262 (requires exercising player option)
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