Giannis may have sealed Tyler Herro's extension fate with the Heat

"Miami's All-Star guard is eligible to sign a three-year deal worth up to $150 million. If the Heat offer him the full boat-or any extension that gives him more than a 20 percent raise off his 2026-27 salary-he cannot be traded for six months. This restriction takes Miami well past the February 5 deadline. That would remove Herro from any midseason trade package it's able to make, which should be a non-starter for the front office."

"He can still be moved, but the poison pill provision stipulates that he'd count for $13.4 million worth of inbound money for another team, and only $2.4 million in outgoing money for Miami. Making that math work smack dab in the middle of the schedule is tricky. Removing both Jovic and Herro from the table would torpedo any chance the Heat have of acquiring Giannis-or another star-prior to next summer. They are already hamstrung enough without adding another restriction to the table."

Giannis Antetokounmpo reportedly flirted with leaving Milwaukee, nearly asking for a trade to the New York Knicks over the summer. He plans to evaluate the Bucks' early-season performance to assess championship prospects, leaving open a midseason request and generating interest from other teams. Miami wants to keep roster and trade flexibility and will likely avoid offering Tyler Herro a three-year extension that would include a salary raise triggering a six-month no-trade restriction. Nikola Jovic’s extension also complicates trade math due to a poison-pill salary provision, limiting Miami's ability to assemble a midseason package for a star.

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