Wolves to offer Butler $110 million extension

Jimmy Butler reportedly has asked the Timberwolves to trade him, with his eye on three teams.

The Minnesota Timberwolves have informed star guard Jimmy Butler that they intend to offer him a maximum contract extension valued in the four-year, $110-million range as soon as he’s eligible to sign the deal on July 9, according to a report from the New York Times.

The Wolves acquired Butler last summer from the Chicago Bulls on draft night.

In 59 games this past season, Butler averaged 22.2 points, 5.3 rebounds and 4.9 assists, shooting 47.4 percent from the field and 35.0 percent from three.

Butler suffered a torn right meniscus in late February and underwent surgery. He did return near the end of the season and helped the Wolves make the playoffs for the first time in 14 years.

More money is available to Butler if he plays out his contract and enters the open market in 2019.