Jimmy Butler Re-Signs with Bulls: Latest Contract Details, Comments, Reaction

A year ago, Jimmy Butler bet on himself by reportedly turning down a four-year, $40 million extension in the hopes he could garner a bigger contract this offseason. That bet paid off Wednesday, as Butler signed a five-year, $90 million maximum deal with the Chicago Bulls, per Brian Windhorst of ESPN.com.

The Bulls confirmed the deal on July 9, via Vincent Goodwill of CSN Chicago.

Per Windhorst, Butler will have a player option on the fifth year of the deal. On July 10, ESPN's Marc Stein noted Butler also received a $4.6 million signing bonus as part of the deal.

Butler, 25, was one of the breakout stars in 2014-15, making the All-Star team after averaging 20 points, 5.8 rebounds and 3.3 assists per game while giving the Bulls a go-to guard with Derrick Rose battling injuries. His ability to impact a game on both ends of the court, as he is also a good defender, made him a player the Bulls had to prioritize retaining.

Butler addressed rumblings he didn't get along with Rose in an interview with Seerat Sohi of Rolling Stone:

"

I don't think we have any issues. I think we're fine. I think we're two basketball players that want to win games. That's where I'll leave it at. I think we just wanna win, bring a championship the city, to the organization. I think that's our job. And I think we're gonna do whatever it takes to make that happen. I have a lot of respect for the guy.

"

While Butler had visits planned with other teams, per Windhorst, Steve Kyler of Basketball Insiders believes Butler's goal was to remain in Chicago:

President Barack Obama, who is a Bulls fan, weighed in on Butler's contract:

Jesse D. Garrabrant/Getty Images

Given that Butler's first bet on himself last year worked out beautifully for the guard, it's hard to second-guess him for taking the security of this deal while also ensuring he can hit free agency again at the age of 29.