The Timberwolves informed Butler on Saturday that he would be released, Darren Wolfson of KTSP-TV reports.

EDGE Analysis

Butler had made NBA rosters in each of the last three seasons despite not receiving a fully-guaranteed contract in any of those years, but that streak came to an end Saturday. The veteran's reliability from the three-point line could allow him to latch on somewhere else around the league, though at 37 years old, Butler may also view retirement as an option.