Are teams monitoring Tyler Herro's situation with Heat? - Hot Hot Hoops

Miami Heat guard Tyler Herro will be eligible to sign a three-year, $149.7 million extension in October. (Mandatory Credit: AP Photo/Nam Y. Huh)

The Miami Heat have five extension-eligible players — yes, FIVE — this summer. That’s more than one-third of the 14 Heat players on standard contracts.

And arguably the most important one is that of Tyler Herro, who won’t be eligible to sign a three-year, $150 million extension until October. He will have a near-three-week window to ink a new deal before the 2025-26 season starts.

While he still has two more years of control heading into the new season, are teams around the league now monitoring the status of the one-time All-Star?! According to ClutchPoints’ Brett Siegel, that’s the case.

“This is a situation teams are keeping an eye on, as Pat Riley has always been cautious with giving out extensions (see Jimmy Butler’s situation for details),” Siegel wrote Tuesday. “A decision to extend or not to extend Herro will tell the tale of how the Heat view themselves in the East.”

Assuming he signed for the full $150 million that he will be eligible for, the expected cap hits would be approximately $46.2M, $49.9M and $53.6 million, respectively. Previously, the deals would’ve accounted for at least 23.7 percent of the cap. But with next year’s cap only going up roughly seven percent — as opposed to the originally projected 10 percent — his new deal would account for at least 26.7 percent of the projected cap.

There is no question that the 25-year-old had the best season of his career last year. He averaged a career-high 23.9 points, in addition to 5.2 rebounds and 5.5 assists on 47.2/37.5/87.8 shooting splits. He’s improved his playmaking, slashing angles and off-ball defense — but none of it has borne fruit in the postseason.

My stance on whether or not the 6-foot-5 guard will receive the extension hasn’t really changed. This is what I wrote in late July:

“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.“

Earlier this summer, I thought that the Heat should explore Herro’s market after Desmond Bane fetched the Grizzlies four first-round picks. Of course, there’s no guarantee that Herro would have gotten a similar return. If you are thinking about extending him — then trade him.

For now, those days are gone. The market for one-way guards quickly depreciated (i.e. Anfernee Simons, Collin Sexton, Jordan Clarkson, Jordan Poole, etc.), even though you could argue that Herro’s better than each of those aforementioned players. The archetype is the archetype, though.

Do you think NBA teams are monitoring Herro’s status? Let us know in the comments below!

Are teams monitoring Tyler Herro’s situation with Heat? – Hot Hot Hoops

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