Miami Heat Expected to Sign Tyler Herro $150M Extension

The Miami Heat face key decisions regarding guard Tyler Herro’s contract extension following his career-best 2024-25 season and first All-Star selection. Herro is eligible to sign a three-year, $149.7 million extension starting in October, which would begin in the 2027-28 season, making him one of the highest-paid players on the roster. If the Heat do not extend him this offseason, Herro could sign a four-year, $207 million deal next year or potentially a five-year, $380 million supermax contract if he makes an All-NBA team, although this is considered a remote possibility. Despite the lucrative offers, Herro has expressed a desire to remain with Miami long term but is leaving contract negotiations to his agent and the organization. The Heat’s decision comes amid broader discussions about the team’s competitiveness, including trade rumors involving Memphis Grizzlies All-Star Ja Morant, who could join Miami in exchange for several players and picks to bolster their offense alongside Herro and Bam Adebayo. The team's management must balance retaining star talent like Herro while pursuing additional moves to enhance their championship aspirations.