Zak Butters has not signed a new deal yet; he remains out of contract at the end of the 2026 season and is the biggest restricted free‑agent story in the AFL right now.[2][3][8]
Where things stand
- Port Adelaide have publicly indicated they will match any restricted free‑agency offers to try to keep him, meaning a big rival offer would likely force a trade rather than see him walk for nothing.[3][2]
- Media reports say rival clubs are being “nudged” toward offers around 2 million dollars per season, with long‑term deals (up to 8–10 years) being discussed for Butters.[1][5][6][9][2]
- Western Bulldogs, Geelong and now Richmond are all being strongly linked, with suggestions Richmond are willing to table about 16 million over 8 years, which would be one of the biggest contracts in AFL history.[5][6][9][1]
- Port coach Josh Carr and club officials keep saying they are “doing everything” to keep him and are confident in the environment they are offering, but also acknowledge his desire to weigh up returning to Victoria.[4][2][3]
Very short summary
- No agreement yet, no public decision announced.[2][3]
- Massive money and very long‑term offers from Victorian clubs are on the table or being prepared.[6][9][1][5][2]
- Port intend to match and fight to retain him, so any move would likely involve a major trade at season’s end.[3][2]