Apr 27, 2014; Washington, DC, USA; Chicago Bulls guard Jimmy Butler (21) shoots the ball as Washington Wizards guard Bradley Beal (3) defends in the first quarter in game four of the first round of the 2014 NBA Playoffs at Verizon Center. Mandatory Credit: Geoff Burke-USA TODAY Sports

Chicago Bulls rumors: How much is Jimmy Butler worth?

The Chicago Bulls have had great success in the the draft and swingman Jimmy Butler may be one of their biggest steals. With Butler entering his fourth season in the league, he will soon be due a new contract.

Chuck Myron of Hoops Rumors takes a look at what kind of contract Butler could get from the Bulls.

It appears as though Chicago would like to keep Butler around, as I surmised last month when I predicted that the Bulls and the Happy Walters client would come to terms on a four-year, $42MM extension. That’s $9MM more than Gibson saw, but there’d still be a decent chance that it would end up a relative bargain for the Bulls, particularly if the deal is backloaded. Chicago already has about $58.6MM in commitments for 2015/16 and $43.8MM for 2015/16, so creating enough wiggle room as possible beneath the tax threshold will be important as the team attempts to contend in the next few years.

Butler has been a vital part of the Bulls and there is no doubt Tom Thibodeau and co. will want him back. Based on what Chandler Parsons and Gordon Hayward were paid this offseason, the Bulls may be inclined to give Butler that sort of contract.

Butler averaged 13.1 points, 4.9 rebounds, 2.6 assists and 1.9 steals per game while shooting 39.7% from the field, 28.3% from beyond the arc and 76.9% from the free throw line last season. The 30th-overall selection in the first round of the 2011 NBA Draft has averaged 8.9 points, 3.7 rebounds, 1.6 assists and 1.1 steals per game while shooting 42.5% from the floor, 30.9% from three and 78.2% from the charity stripe in his three-year NBA career.

Be sure to check FanSided’s official NBA page to keep up to date on the latest news and rumors from around the league all summer long.

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