"Last week, the Miami Heat signed fourth-year forward Nikola Jovic to a four-year, $62.4 million extension, which won't kick in until the 2026-27 season. While it was originally expected that Jovic's first-year salary would be around $13.8 million with eight percent raises each season - the structure that most extensions follow - his contract details were released Monday. And it doesn't quite follow that structure."
"The final three years of his contract equate to $14.9M, $15.1M and $16.2M, respectively. 2026-27: $16.2 million (~9.8 percent) 2027-28: $14.9 million (~8.5 percent) 2028-29: $15.1 million (~8.3 percent) 2029-30: $16.2 million (~8.2 percent) Miami structured Nikola Jovic's extension with a dip from Year 1 to Year 2 before going back up for Years 3 & 4, a league source told @spotrac."
Nikola Jovic agreed to a four-year, $62.4 million extension that begins in 2026-27. The first-year salary is $16.2 million, with the remaining seasons set at $14.9M, $15.1M and $16.2M. The contract intentionally dips in Year 2 before rising again in Years 3 and 4 to create cap flexibility for the Heat in the 2027 and 2028 offseasons. The NBA salary cap is expected to rise about five percent annually driven by a major media rights deal and potential expansion, and larger cap jumps would increase the extension's relative value. Jovic has shown promise but has played only 107 games due to injuries.
Read at Hot Hot Hoops - Miami HEAT NBA Blog
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