"Beginning on October 1, Tyler Herro is eligible to sign a three-year extension that can be worth as much as $150 million. With the Miami Heat continuing to prioritize cap flexibility and the acquisition of another superstar, very few people expect them to pay him. But there's a $125 million middle ground that could change everything. Players can still be traded after getting extensions if they sign for 120 percent (or less) of their final year's salary,"
"Financially speaking, though, a three-year, $124.7 million offer is far from insulting. Here's how it would break down each year: 2027-28: $39.6 million (22.37 percent of the cap) 2028-29: $41.6 million (21.95 percent of the cap) 2029-30: $43.6 million (21.49 percent of the cap) Herro may want more. He's eligible for more. And he can get waaay more if he just plays out his contract and hits free agency in 2027. But that's a huge risk on his part."
Beginning on October 1, Tyler Herro is eligible to sign a three-year extension worth up to $150 million. The Miami Heat prioritize cap flexibility and pursuing another superstar, making a full $150 million deal unlikely. A three-year, $124.7 million extension structured with annual raises limited to 5 percent and a final-year salary at 120 percent or less would allow Herro to remain tradable. Such a deal would preserve Miami's roster and trade options while providing Herro substantial guaranteed money. The yearly salaries would be roughly $39.6M, $41.6M, and $43.6M. Playing out the contract could lead to a larger 2027 payday but carries significant market risk.
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