(Mandatory Credit: Rich Storry/Getty Images)
The Miami Heat face an important decision regarding guard Tyler Herro this offseason.
Not in July or August, but in October, rather.
At the start of the month, Herro, coming off a career season, will be eligible to sign a three-year, $149.7 million extension, which would not begin until the 2027-28 season. While the Heat don’t have to, will they back up the Brinks truck for their one-time All-Star?
ESPN’s Bobby Marks expects them to, he wrote Tuesday.
Heat don’t necessarily have to extend Tyler Herro this offseason:
Assuming Herro did sign the extension, his salaries, beginning in 2027-28, would be $46.2M, $48.9M and $53.6 million, respectively. Thus, his aforementioned extension would account for 24.7, 24.2 and 23.7 percent of the cap from 2027-30, respectively.
The Heat have a near-three-week window to extend Herro this fall. And if they don’t, they would still have time.
Herro has one additional year on his contract beyond 2025-26 at $33 million, his age-27 season. The 6-foot-5 guard would be extension eligible next offseason, but for a four-year, $207 million deal.
The two key differences are 1.) The extra year ($57.3 million in ’30-31) and 2.) If Herro somehow made the All-NBA team next year (it’s a possibility, albeit a slim one), he would be eligible to sign a five-year, $380 supermax instead.
The Kentucky alum isn’t concerned about signing one this offseason for that reason, either.
“It’s something I haven’t paid much attention to,” Herro told the Miami Herald in April. “I’m going to let my agent and the organization figure that out. But everyone knows I want to be here long term and I’m definitely excited to see what they have to say for the extension, and see if they want me here as much as I want to be here.”
Herro has met the 65-game minimum just three times over his six-year career, including twice since becoming a full-time starter in 2022-23. Last year, he saw his biggest season-by-season growth statistically while also playing a career-high 77 games.
He didn’t earn All-NBA votes this year, but that doesn’t mean he won’t next year, should they choose not to extend him in October. Herro averaged 23.9 points, 5.2 rebounds and 5.5 assists per game on 47.2/37.5/87.8 splits, but still has a ways before he gets legitimate All-NBA consideration–especially after his latest playoff flameout.
Miami also hasn’t given any indication that it is going to offer Herro his max allotment. A lot of it could be determined by how its offseason goes.
Would you extend him for $150 million? Let us know in the comments!
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