Warburton has made a huge impact at Rangers since becoming their manager last summer, winning both the Scottish Championship and the Petrofac Training Cup while reaching the Scottish Cup final.
But aside from his on-field success, the former Brentford man has brought a real togetherness at the club and plans are already in place to build for a bright future in regards to summer transfers.
Commenting on the Gers’ success, Butcher feels Warburton is strong and pragmatic like former boss Walter Smith and believes the Ibrox club should seek to tie him down on a longer contract.
“Mark has done a terrific job. He's been a very steadying influence. He just gets on with his job well, there are no histrionics. It's very similar to the way Walter Smith used to get on with it when he was in charge. Pragmatic and strong,” Butcher told Sky Sports.
"They should now be looking to tie him down on a new contract so they can start thinking longer term.”
Warburton joined Rangers last summer on a three-year deal, alongside former club captain David Weir.
The 53-year-old has done everything expected of him and more this season, and there is no doubt that the future is looking extremely good for Rangers upon their return to the Scottish Premiership.
With time to mould his side further and use his extensive links within the English game, Rangers can expect to reach a whole new level under his tenure and really challenge Celtic for Scotland’s top spot.