According to ESPN's Adrian Wojnarowski, as both parties neared agreeable terms this weekend, a potential deal fell through when the Timberwolves "moved to amend the framework".
The Jimmy Butler saga has dragged on for almost three weeks.
Jimmy Butler was open to trading his 'Wolves kit for one of those snazzy Miami Vice singlets, and it nearly happened too.
Minnesota had shared Butler's medical information with Miami late in the week.
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It originally seemed as though the Heat wouldn't deal Richardson, but they've apparently come around to the idea. The Los Angeles Clippers, one of the three landing spots Butler initially preferred, were reportedly in talks with Minnesota, along with the Houston Rockets. Assuming Hassan Whiteside, Tyler Johnson and Goran Dragic all accept bloated player options, Miami owes seven players $10 million or more for the 2019-20 season and already has more than $120 million in guaranteed money owed for that season and the one after it.
Taylor is pushing president of basketball operations and coach Tom Thibodeau and general manager Scott Layden to find a deal sooner rather than later for Butler, league sources said.
It's unclear what Minnesota wanted in return for the 29-year-old Butler, but Miami felt the Timberwolves' asking price wasn't worth it for him.
Butler averaged 22.2 points and 5.3 rebounds in 59 games with Minnesota last season.