Jimmy Butler’s reported desire for a trade from the Miami Heat may stem from failed contract negotiations last offseason.

Butler currently has a $52.4 million player option for next season. He will be seeking to replace that with a “highly-priced extension” wherever he goes, according to Slater, Thompson and Amick.

After recording nine points against the Pacers on Thursday night, Butler told reporters he didn’t think he could be happy in Miami. The Heat responded on Friday by giving him a seven-game suspension for “multiple instances of conduct detrimental to the team over the course of the season and particularly the last several weeks.”

Speaking to reporters on Saturday, Bam Adebayo called the situation “disappointing,” but noted the team has to “figure out how to win games” in Butler’s absence.

Anthony Chiang originally reported for the Miami Herald in May that Butler was seeking a two-year extension worth approximately $113 million this summer.

Days later, Heat president Pat Riley said multiple times during his annual news conference that the team wanted to focus on “player availability” during the 2024-25 season, and that Butler’s health would factor into extension talks.

“That’s a big decision on our part to commit those kinds of resources unless you have somebody who’s going to be there and available every single night,” Riley said on May 6, per Tim Reynolds of the Associated Press.

That comment, made just after Butler sat out the first round with a knee injury, may have hinted at what stopped the Heat from offering Butler a max extension ahead of his age-35 season.

The Heat said in their recent statement that they would “listen to offers” for Butler despite previously turning down trade requests from teams like the Philadelphia 76ers. Yahoo Sports’ Vincent Goodwill recently reported that the Sixers tried for a Butler trade this summer before signing Paul George.

But there is no guarantee the Heat will end up trading Butler. For one, moving the $48.8 million he is owed this season is complicated by the new trade restrictions involved in the implementation of the second apron. The maximum extension he is seeking further limits which teams could acquire him for more than just a midseason rental.

The Heat also have some incentive to let Butler walk for nothing. Assuming Butler declines his player option this offseason, his departure would leave the current Miami roster well below the luxury tax, as noted by ESPN’s Bobby Marks.

But with Heat president Pat Riley calling the trade rumors “a distraction,” and with the team reportedly viewing themselves as contenders to win the East this postseason, the franchise may still want to move on from Butler as soon as possible.