Caron Butler, an unrestricted free agent who last played for the Dallas Mavericks, has narrowed his potential landing spots to four, reports ESPN's Chris Broussard. Two contenders -- the Chicago Bulls and San Antonio Spurs -- are reportedly offering their full mid-level exceptions worth a 2011-12 salary of $5 million. The L.A. Clippers and New Jersey Nets are, according to Broussard, offering deals starting around $7 million.
In related news, the Spurs will reportedly waive small forward Richard Jefferson using the amnesty clause, taking his $10 million salary off of the salary cap sheet. That could free up space for Butler. The Nets are also widely expected to waive Travis Outlaw, though a training injury suffered by that small forward could complicate matters.
On Wednesday afternoon, Butler tweeted that he had just completed a "great visit" with the Spurs.