"BREAKING: The Miami Heat are finalizing a deal to send Jimmy Butler to the Golden State Warriors for Andrew Wiggins, Dennis Schroder, Kyle Anderson and a protected first-round pick, sources tell ESPN," Charania wrote in his initial report on X.

After acquiring Jimmy Butler, Golden State still has pieces to work with before Thursday’s deadline. Guard Gary Payton II and big man Kevon Looney represent more than $17 million of expiring contracts with which the Warriors could make another deal.

Charania reports that, as part of the Butler trade, the Heat are sending Josh Richardson and Lindy Waters III to the Detroit Pistons. The NBA insider also reports that Butler has agreed to a new two-year, $121 million extension with the Warriors that runs through the 2026-27 season, and is declining his player option for the 2025-26 season.