The Timberwolves offered All-Star guard Jimmy Butler a four-year contract extension worth nearly $110 million and Butler turned it down, team owner Glen Taylor said Friday.
Both the offer and the rejection were expected because the Wolves have made re-signing Butler and young big man Karl-Anthony Towns to maximum contract extensions their top offseason priority and because Butler can make much more if he waits until next summer.
The Wolves made the offer on Monday, the first day they could rework Butler’s current contract, which has two seasons remaining and will pay him $18.7 million next season.