The five-team blockbuster sending Jimmy Butler from the Heat to the Warriors is now official, according to press releases from multiple clubs involved in the trade. The terms of the deal, which also includes the Jazz, Pistons, and Raptors, are as follows:
Warriors acquire Butler.- Heat acquire Andrew Wiggins , Kyle Anderson , Davion Mitchell , and the Warriors’ 2025 first-round pick (top-10 protected).
- Pistons acquire Dennis Schröder , Lindy Waters , and either the Warriors’ or Timberwolves’ 2031 second-round pick (whichever is least favorable; from Warriors).
- Jazz acquire KJ Martin , Josh Richardson , a 2028 second-round pick (from Pistons; exact details TBD), either the Heat’s or Pacers’ 2031 second-round pick (whichever is most favorable; from Heat), and cash (from Heat).
- Raptors acquire P.J. Tucker , the Lakers’ 2026 second-round pick (from Heat), and cash (from Heat).
Utah waived Jalen Hood-Schifino in order to acquire two players while sending one out, as we detailed earlier . They’re also expected to cut Richardson.
The deal wraps up a saga that first began on December 10 when word broke that the Heat were open to listening to offers for Butler. By Christmas Day, Butler was said to prefer a trade out of Miami, and a little over a week later he formally asked the team to move him.
The situation only escalated from there, with the Heat repeatedly suspending Butler for conduct detrimental to the team and withholding services. He was serving an indefinite team-imposed suspension when news broke on Wednesday that the Warriors had struck a deal to acquire him.
Butler, who will be teaming up in Golden State with longtime Warriors stars Stephen Curry and Draymond Green , has reportedly already agreed to a two-year, maximum-salary extension with the team, as we outlined in our original story on the trade . We also published full stories on two side deals involving the Heat and Raptors and Pistons and Jazz that were folded into this larger trade structure.
The latest word, according to Anthony Slater of The Athletic (Twitter link ), is that Saturday is the target date for Butler’s Warriors debut. Golden State will play in Chicago that night.