As if the NBA's full slate of Christmas Day games wasn't enough, ESPN's Shams Charania spiced up the holiday with a morning report on Miami Heat star Jimmy Butler.

"Six-time NBA All-Star Jimmy Butler prefers a trade out of Miami ahead of the Feb. 6 deadline," Charania wrote. "Butler has not formally requested a trade, sources said, but is believed to be ready for his exit."

The veteran reporter also added that the Heat are willing to listen to offers, and that Butler is open to joining the Phoenix Suns, Golden State Warriors, Dallas Mavericks and Houston Rockets.

This, of course, leads us to wonder what each of those teams (and one dark horse) could (or would) offer for the 35-year-old six-time All-Star who's helped carry Miami to two NBA Finals appearances.

Golden State Warriors

Jimmy Butler, Haywood Highsmith and Pelle Larsson for Andrew Wiggins, Gary Payton II, Kevon Looney, Jonathan Kuminga, Brandin Podziemski, a 2025 first-round pick (top-five protected) and a 2027 first-round pick

We're talking about a team that can put together a very competitive offer for Butler. And given the way things have gone of late (Golden State is 3-10 in its last 13), the Warriors should be more motivated to make a dramatic move than they were a month ago.

Stephen Curry's prime is in the past. His career won't last forever. And his team probably isn't a 2025 title contender without a real upgrade.

Butler would undoubtedly be that, even with the number of players the Warriors are unloading here (new cap rules that came with the current collective bargaining agreement have made salary-matching much trickier than it used to be, particularly for teams that already expensive).

His defense, paired with Draymond Green's, would make Golden State tougher to score on. His playmaking would lead to more open looks for Curry.

He may not space the floor the way the Warriors have typically liked their wings to, but Jonathan Kuminga doesn't really help on that front, either.

This move would also force Steve Kerr to shorten his rotation, something he needs to do with or without a deal like this.

Yes, this is a lot to give up. After last season, it was fair to be high on the respective futures of Kuminga and Brandin Podziemski. But neither has taken big strides forward in 2024-25. And again, Curry's not going to be able to headline a real title contender forever.

For Miami, this lands it the two aforementioned intriguing young talents. Andrew Wiggins can help the Heat compete for a play-in spot (especially in the East) in the short term. And he has a movable contract that could later be spun into more assets, if Miami wants to lean into a rebuild.

That and two firsts is a solid return for an often unavailable 35-year-old who may just bounce in free agency this summer.

Dallas Mavericks

Jimmy Butler for Klay Thompson, P.J. Washington, Daniel Gafford a first-round pick swap in 2026 and a first-round pick swap in 2031

There's no reason for the Dallas Mavericks to operate with the same level of desperation the Warriors probably should.

They just made the NBA Finals with the bulk of their current roster. And landing Butler would probably mean unloading last season's acquisitions, P.J. Washington and Daniel Gafford. Those two were integral in Dallas' 2024 playoff run.

The Mavericks are also light on draft capital. So if Butler's market heats up, plenty of teams can probably outbid them.

But the best offer Dallas can put together (without including Kyrie Irving) is at least competitive. And there's a world in which Butler is the short-term upgrade necessary to push the Mavs to the one spot they haven't been yet.

A star trio of Butler, Irving and Luka Dončić would have an embarrassment of riches on the playmaking front. Butler would conceivably have more energy to take on tougher defensive assignments, as he'd likely be a third option on offense.

And though this particular framework would hurt Dallas' depth, Naji Marshall and Quentin Grimes have shown the ability to take on bigger roles.

For Miami, again, this deal is probably only intriguing if other suitors are scared off by Butler's age and/or lack of availability.

But it would give the Heat a deeper rotation, reorient the team around Bam Adebayo and Tyler Herro and give it the potential to move up in a pair of future drafts.

Houston Rockets

Jimmy Butler for Dillon Brooks, Jabari Smith Jr., Cam Whitmore, Aaron Holiday, a 2025 first-round pick (top-five protected), a 2027 first-round pick and a 2029 first-round pick

If the Houston Rockets want to get in on Butler, their potential bid is going to be hard to beat.

They have plenty of draft assets, multiple intriguing young talents (though they shouldn't be willing to part with defensive phenom Amen Thompson) and easy salary-filler.

This package sends all of the above to Miami, where Jabari Smith Jr. and Cam Whitmore could bolster a young core that includes Herro and Jaime Jaquez Jr.

The picks would be particularly tempting, since several of the other "approved" suitors simply can't match Houston on that front.

For the Rockets, this a step-skipping kind of move, but they might be ready to do just that.

Alperen Şengün playmaking from the high post would fit well with Butler's cutting ability. That two-man game would benefit Şengün, too. Butler has great vision and timing out of the pick-and-roll, particularly for a wing-forward hybrid.

And though this deal sounds out three more players than it returns to Houston, the Rockets would still be plenty deep afterward. At or near Butler's position alone, they'd still have Jalen Green, Thompson, Tari Eason and Jae'Sean Tate.

A four-for-one might open up a few minutes for rookie Reed Sheppard, too.

Denver Nuggets

Jimmy Butler and Pelle Larsson for Michael Porter Jr., Zeke Nnaji, Dario Šarić and first-round pick swaps in 2026, 2028 and 2030.

The Denver Nuggets, like Dallas, probably doesn't need to feel desperate either. Michael Porter Jr. is one of the only good, volume three-point shooters on the roster. And it almost feels like that should be a prerequisite for a team with Nikola Jokić.

But Butler has already been linked to the Nuggets this season. And they can offer an intriguing package that includes MPJ, a flyer on Zeke Nnaji, some frontcourt depth from Dario Šarić and the potential to move up in three separate drafts.

With Porter's shooting to space the floor around a Herro-Adebayo two-man game, Miami could remain competitive in the East. Heat coach Erik Spoelstra might be able to coax a little more offense out of MPJ, too. In Denver, he's had to settle into a somewhat limited role alongside a ball-dominant guard (Jamal Murray) and big man (Jokić).

For Denver, this could exacerbate what may already be its biggest flaw. The Nuggets don't shoot anywhere near enough threes, and Butler obviously isn't going to change that. He's also nearly a decade older than Porter.

But in a vacuum, Butler is the better player. His playmaking could create even more open looks for Jokić (something he's enjoyed with Russell Westbrook this season). And though he's three inches shorter than MPJ, Butler is surely a defensive upgrade, too.

Phoenix Suns Don't Have the Assets

Butler having the Suns on his theoretical list will have them in online discussions about the possibility, but it's next to impossible to imagine a deal materializing.

A straight-up swap of Bradley Beal and Butler works under the collective bargaining agreement, but it makes no sense for the Heat.

That's a downgrade on the wing, and Beal's contract is longer (he has a player option in 2026-27, while Butler has one next season).

Phoenix has already burned almost all of its draft capital, too. They have control of their own 2031 first-round pick, but already giving up the 2030 selection means they can't trade what's left, because such a move would violate the Stepien Rule (which prohibits teams from unloading firsts in back-to-back years).

The Suns are also over $30 million in salary beyond the dreaded second apron. That means they can't aggregate outgoing players in trades. Even if there was a young player Miami was dying to get from Phoenix's roster, he can't be attached to Beal's salary in a deal.

The only possible workaround there is finding some team willing to take on over $30 million in Suns salary in a separate trade. That team isn't out there.

That leaves us with something like Butler going to the Suns for Beal, and Beal being re-routed to the Brooklyn Nets for Ben Simmons (an expiring contract that would open up flexibility for Miami this summer).

And if Butler truly is available, there's almost no world in which that's the best offer.

Wild Cards

Neither the San Antonio Spurs nor Oklahoma City Thunder need to make a dramatic win-now move for a 35-year-old, sometimes ball-dominant wing/forward.

But whether it's Butler or some other star, both are likely to be mentioned as possibilities.

They're young, heading in the right direction and can easily justify patience, but both teams also have tons of salary filler and future picks.

Concocting deals for someone like Butler is easy. And if either got a little antsy about the timeline and wanted to get in on this possibility, the offer would likely top most of the above.