Pat Riley has finally addressed the Jimmy Butler trade rumors and he has made his stance clear.

On Thursday, the Miami Heat's president issued a statement in which he was definitive that the team would not trade Butler despite rumors to the contrary.

Riley's statement is below:

The Heat have struggled this season and are currently 14-13 and sit in sixth place in the Eastern Conference. Butler has similarly struggled a bit, as his scoring numbers are down. Through 20 games he is averaging 18.5 points, 5.8 rebounds, 4.9 assists and 1.3 steals in 31.4 minutes per game. That said, he is shooting a career-best 55.2% from the field and 35.7% from three-point range.

Butler is currently making $48.8 million this season and holds a player option for $52.4 million for the 2025-26 campaign.

For weeks it has been rumored Butler wants a trade and as those whispers grew louder it has become a distraction for the Heat. It appears a rift has developed between Riley and Butler as well. Back in May, Riley was noncommittal about giving Butler a contract extension.

The Heat acquired Butler from the Philadelphia 76ers via a sign and trade deal in July of 2019. He has been a team leader ever since and has taken them to the NBA Finals twice.

Butler is 35 and a six-time All-Star. Plenty of teams would be interested if he hit the trade block. It doesn't appear Riley and the Heat are interested in moving him.