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New Report Reveals Why Jimmy Butler Turned Down Timberwolves' Offer

A general view of the Minnesota Timberwolves court.

MINNEAPOLIS, MN - NOVEMBER 21: A general view of the Target Center during the game between the Minnesota Timberwolves and the San Antonio Spurs on November 21, 2014 in Minneapolis, Minnesota. The Spurs defeated the Timberwolves 121-92. (Photo by Hannah Foslien/Getty Images)

On Friday afternoon it was reported that Jimmy Butler turned down a significant contract extension with the Minnesota Timberwolves. Rumors of Butler's growing disdain for the organization became louder after the news broke.

The deal was four years for $110 million. Butler said "no thanks."

Immediate reaction around the league gave precedence to the idea that Butler is unhappy with Minnesota and this was just the next step in his plan to leave following this season. That may be the case, but there's a more concrete answer at hand.

It didn't make sense financially for Butler to accept the deal.

Here's why.

Butler can make $30 million more next season if he signs a four-year deal with a different team. He can also make nearly $90 million more (over five years) if he signs with Minnesota following this season.

Butler is betting that he'll make it through this season healthy, and be in line for a big pay raise following the 2018-19 season.