Butler can sign the max extension with the Timberwolves next summer if he isn't traded, or sign a four-year, $141 million deal with a new team.
Throughout the upcoming season, there will be conflicting reports about Butler and Leonard.
As previously noted though, Minnesota will have the final say on Butler trade request and where he lands, which could ultimately end up being the difference of $50 million and another year on a future contract.
Butler arrived in Minnesota in a 2017 draft day trade with the Chicago Bulls for Zach LaVine, Kris Dunn and the the No. 7 pick that turned out to be forward Lauri Markkanen. Butler liked a comment that suggested he should team up with Kyrie Irving in NYC.
It looks like Jimmy Butler might be staying put, for the time being at least.
So despite his request for a trade, it seems likely Butler will remain in Minnesota - and likely will for some time to come.
There have also been questions about Butler's relationship with younger teammates Andrew Wiggins and Karl-Anthony Towns.
It's a team that has had its share of issues over the years, but this one ranks up there.
Wojnarowski writes that Wolves owner Glen Taylor plans to be heavily involved in the decision-making process on Butler and, of course, Thibodeau. The 29-year-old averaged 21.7 points, 5.2 rebounds and 4.8 assists per game last season while leading the Timberwolves to their first postseason appearance since 2004.
Butler's ability to partner on the Clippers with a second star player in a deep summer free-agency market holds a strong appeal to Butler, league sources said.