The Jimmy Butler trade speculation is heating up following his recent suspension, leading the Miami Heat to lower their asking price. Butler's relationship with the Heat is reportedly strained, sparking interest from multiple teams, with the Phoenix Suns as his top choice. NBA insider Evan Sidery has suggested a potential four-team trade involving the Heat, Suns, and two other teams, allowing Miami to acquire veterans and draft picks while sending Butler to Phoenix.

The proposed deal aims to bring in players like Harrison Barnes, Tre Jones, and Trey Lyles to bolster the Heat's roster while freeing up salary-cap space with expiring contracts.

Meanwhile, the Golden State Warriors have re-entered the conversation for Butler, although financial complexities remain given his hefty salary. Throughout this turmoil, the Heat have struggled to maintain their performance, recently slipping in the power rankings and showing offensive inefficiencies without Butler in the lineup. The upcoming trade deadline on February 6 looms large as the Heat and Butler look for a resolution.