Don’t freak out over Jimmy Butler declining the Wolves’ contract extension… at least not yet

Jimmy Butler set NBA — mainly Timberwolves — Twitter on fire when KSTP’s Darren Wolfson reported the All-Star wing declined a four-year, max contract extension in the $110 million range. And to the untrained eye, Friday’s news may be indication that Butler doesn’t want to re-sign in Minnesota after this season. But while that may end up being the case in the end, that’s not necessarily what this all means.

This is what he was supposed to do

Butler signed a five-year, $92.3 million max contract extension with the Bulls just before the 2015-16 season. His deal includes a player option on Year 5, which he can — and likely will —choose to decline to become a free agent, where he could re-sign with Minnesota or look for a new team to play for. The $110 million contract offer on the table is a huge chunk of money; an average of around $27.5 million per year. But by waiting until next summer to sign a contract, Butler increases his net worth dramatically.

If he waits until the 2019 free agency and re-signs with Minnesota, he could sign a five-year max contract extension worth $188 million. What would you do with that kind of money? And if he leaves to sign elsewhere, Butler would easily garner

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