"Circle October 1 on your calendar, folks. That's when we will find out just how committed the Miami Heat are to their apparent cap-space plan. It also happens to be the date when Tyler Herro can sign a three-year extension worth as much as $149.7 million Through the way it has navigated the offseason and structured its books, Miami has made no secret of its intent to bag another superstar."
"Conventional wisdom dictates Miami pass on a Herro extension. This keeps him trade-eligible throughout the season-he cannot be dealt for six months if he signs a deal that increases his eventual salary by more than 20 percent-and allows both parties to revisit the matter next summer. At the same time, stars are not leaving via free agency anymore. Cap space can facilitate trades, but you don't see big names shipped out without taking back any money."
Miami projects more than $90 million in cap space in summer 2027, but a full Tyler Herro extension would add $46.2 million, cutting that flexibility significantly. October 1 is the deadline for Herro to sign a three-year deal worth up to $149.7 million. Passing on an extension preserves his trade eligibility and prevents a six-month trade restriction triggered by raises exceeding 20 percent. Waiting risks Herro commanding a larger market salary or requiring a longer four-year commitment. Locking him now at below-max rates could increase his trade value and secure a cornerstone while complicating summer 2027 cap plans.
Read at All U Can Heat
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