Tyler Herro(Mandatory Credit: Jared C. Tilton / Getty Images)

While the Miami Heat have north of $60 million in expirings heading into the 2025-26 season, they have plenty of extension questions they must answer. A few are easier to answer than others, but they must be answered nonetheless. So, which of their five players who are either extension-eligible right now, or will be before the new season, will they grant new deals? Let’s examine!

Andrew Wiggins:

What is he eligible for?: 4 Years, $177 million

Wiggins enters the penultimate year of a four-year, $109 million contract with a $30.2 million player option attached to the final year of his contract in 2026-27, his age-31 season. Wiggins couldn’t quite find his rhythm offensively outside of two games against Charlotte and Houston on March 21-23. He appeared in just 17 of the Heat’s 32 available games after acquiring him, averaging 19.0 points, 4.2 rebounds, 3.3 assists and 1.2 steals. Heat wisely didn’t try to sell him for anything less than a FRP, and I expect them to try and build his value back up by next February’s trade deadline.

Verdict: He is not extended before new season

Terry Rozier:

What is he eligible for?: 4 years, $156 million

There’s not much to say that hasn’t already been said. Rozier, 31, averaged 10.6 points, 3.7 rebounds and 2.6 assists per game on 39.1 percent shooting and 29.5 percent from 3-point range, his worst since his rookie season. Rozier’s play last season was a disaster, and he’s still in the thick of an ongoing federal betting investigation. Heat will have a very difficult time moving off of him before that’s settled, and my guess is that he remains on contract through the entirety of the 2025-26 season as an expiring. Learn from your mistakes!

Verdict: Respectfully, there’s a 0.0 percent chance they extend him before the new season (or at all).

Norman Powell:

What is he eligible for?: 3 years, $77 million (before season)

As detailed here, since he was traded, the NBA’s trade-and-extend rules prohibit him from earning the full four-year extension (worth $129 million) that he would’ve been eligible for in normal circumstances. Instead, the 10-year veteran is limited to just a three-year extension, but will be eligible for the full four after six months (since he was traded), which can be negotiated during the season since he’s an expiring contract. Powell, 32, had the best season of his career last year, averaging 21.8 points on 41.8 percent from 3-point range.

Verdict: Powell is not extended before new season.

Nikola Jovic:

What is he eligible for?: Any amount up to max

Jovic, 22, is entering his fourth season with the Heat. He averaged 10.7 points, 3.9 rebounds and 2.8 assists per game last season, shooting 45.6 percent from the floor, 37.1 percent from 3-point range (4.6 3PA) and 82.8 percent from the free-throw line. His role has fluctuated throughout his young career, but he has intriguing potential because of his size, skill and shooting, canning 38.3 percent of his 3-point range over his last two seasons.

However, the 6-foot-10 wing has been limited to injuries over his first three seasons — having yet to play more than 46 games in a single season. I think the Heat should try and extend him for a number similar to the average annual value of what Corey Kispert (4 years, $54M; $13.5M AAV) or Moses Moody (3 years, $37.5M; $12.5M). But while injuries have plagued the start of his career, it takes two to tango, and I think it’s more likely than not he heads into a contract year unsigned — hoping to prove his worth. Perhaps I’m wrong — it wouldn’t be the first time, nor the last.

Verdict: Jovic is not extended by new season.

Tyler Herro:

What is he eligible for?: 3 years, $149.7 million

Ah, yes, the extension you’ve all been waiting for! Yes, YOU!! In some way, shape or form, Herro’s improved in each of his first six seasons. While he was preparing for a role more off-ball heading into last season, he saw his biggest usage of his career, averaging 23.9 points, 5.2 rebounds and 5.5 assists on 47.2/37.5/87.8 shooting splits. The first-time All-Star played a career-high 77 games after playing a career-low 42 games — and will be entering his age-26 season as one of the Heat’s primary scoring options.

The caveat to his extension is that he won’t be eligible to sign one until October. The tea leaves suggest that they won’t reward him with the full max he’s allotted to, but I wouldn’t put it past the Heat to offer roughly $40 million per year. The question, under that specific circumstance, is whether Herro will accept that or try to improve on his career season for more greenbacks. He’ll be eligible for $207 million (over four years) next season, which could turn into nearly $370 million if he makes All-NBA this season.

Verdict: I’m on the fence, but I think no extension is agreed to before season.

It’s pretty bold of me to project that none of these five players sign new deals. A few I can be talked into, but what are your thoughts? Let us know in the comments!

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