Jared Butler Signs Two-Way Contract With Thunder

MARCH 3: Butler has officially signed a two-way contract with the Thunder, according to a press release from the team.

MARCH 2: The Thunder intend to sign guard Jared Butler to a two-way contract, his agent, Mark Bartelstein of Priority Sports, tells ESPN’s Adrian Wojnarowski (Twitter link).

Butler was a key member of the national champion Baylor Bears in 2021, averaging 16.7 PPG, 3.3 RPG, 4.8 APG and 2.0 SPG while shooting 41.6% from 3-point range as a junior. However, questions about his health hurt his draft stock and he slipped to No. 40 overall in the 2021 draft after having been considered a likely first-rounder.

The 22-year-old spent his rookie season with the Jazz, appearing sparingly in 42 games (8.6 MPG) while averaging 3.8 PPG and 1.5 APG on .404/.318/.688 shooting. Utah had a roster crunch during preseason this past fall and ultimately released Butler despite the fact that his $1.56MM salary for this season was guaranteed.

Butler has spent the 2022/23 season with the Grand Rapids Gold, Denver’s G League affiliate, averaging 19.5 PPG, 3.8 RPG, 5.2 APG and 1.2 SPG on .483/.458/.771 shooting in 18 games (30.1 MPG) during the fall Showcase Cup. He has averaged 17.1 PPG, 3.3 RPG and 5.8 APG on .438/.354/.840 shooting in 23 regular season games (30.2 MPG) with the Gold.

The Thunder had an open two-way slot, so they won’t need to cut anyone to sign Butler. Their 17-man roster will be full once the move is official.