acting before your turn - home tourney

[Cartridge]

1 player gets knocked out leaving 3. Next hand there is a dead sb. The bb posts, utg is first to act but the button announces a raise of 7000 before the utg does anything. The button gets told that hes out of turn and then takes his chips back. UTG then says 'Ok im calling his 7000 raise' and puts 7000 out. After this, does the button have an option of folding?

In our tourney the button wanted to fold after knowing that the utg (chipleader) was going to put 7000 out voluntarily. Is the button forced to put that 7000 out?