Tyler Herro will enter Year 3 of his current contract with the Miami Heat during the 2025-26 NBA season.
The Miami Heat star will earn a solid $31.0 million for the upcoming season. While Tyler Herro will be under contract for another season, he will be eligible for a massive payday in October 2025.
Yes, Herro can sign a three-year, $149.7 million contract extension with the Heat during the 2025-26 season.
Considering Herro made his first-ever NBA All-Star appearance last season, it’s likely that the Heat will offer him this deal as soon as possible. However, with Jimmy Butler out, Herro may want an even more lucrative contract.
Photo by Kevin C. Cox/Getty ImagesGreg Sylvander says Tyler Herro wants upwards of $40m per year after Mikal Bridges’ $150m deal
Despite an Eastern Conference Finals exit during the 2025 postseason, the New York Knicks have shown immense trust in their core of stars.
That includes handing Mikal Bridges a huge four-year, $150 million extension ahead of the upcoming season. The Knicks’ decision could apparently play a role in Herro’s negotiations with the Heat.
“With ‘never been an All-Star and probably won’t ever be an All-Star,’ Mikal Bridges is getting a four-year, $150m [deal], you can bet Tyler Herro, particularly if he has back-to-back seasons at heightened efficiency, is going to ask for well north of that salary.
“I expect he will want $41-42m per year at least,” Heat insider Greg Sylvander wrote on X.
Even though Herro had a forgettable 2025 postseason run, Sylvander believes Bridges’ new deal is now the benchmark for the 25-year-old.
Tyler Herro vs Mikal Bridges NBA career
While no one but the Heat’s top brass can provide a concrete answer to how much the organization values Herro, we do know his numbers throughout his career.
And what better way to compare it than with Bridges to figure out if Herro indeed deserves a $40m-plus annual salary.
Career StatsTyler HerroMikal BridgesPoints19.4 PPG14.8 PPGRebounds5.0 RPG4.0 RPGAssists4.0 APG2.7 APGField Goal Percentage44.8%48.4%Three-Point Percentage38.2%37.1%
It’s obvious that Herro has proven to be better than Bridges in terms of scoring, rebounding, and playmaking. After all, there’s a reason why the 25-year-old was named an NBA All-Star last season.
However, Bridges’ sturdiness combined with his efficient shooting makes sense of why the Knicks offered him a huge extension.
For context, Bridges has played in all possible regular-season games in six out of his seven seasons in his NBA career. On the other hand, the 2024-25 NBA season was the first time that Herro breached the 70-game mark in his career.