
"Beginning on October 1st, Herro is officially eligible to sign a three-year extension of up to $150 million. If the Heat or Herro wait until next offseason in the summer of 2026, he could be eligible to secure a four-year, $207 million extension. Both figures are at least $50 million annually across each season. Considering that the talented guard is already sidelined to start this new year due to offseason foot surgery, offering that extension- if at all- may now be delayed."
"Currently, he is still under contract for two more years. He is in the midst of a four-year $120 million deal that he had signed at the beginning of the 2023-24 campaign. Herro's most recent injury, combined with his already shaky availability across his entire career, could give Miami a bit more leverage. A lot of the national media voices have projected Herro to be worth closer to a $40 million annual price tag."
"Tyler Herro on getting an extension done with the Heat: "I expect to get something done. I'm not going to lose my joy, I ain't going to lose my joy... it's not that important to me. Being here is important- but being here at a respectable number."(via @IraHeatBeat) 👀 pic.twitter.com/Q6wbSGZq1C- Hot Hot Hoops (@hothothoops) October 1, 2025"
Tyler Herro becomes eligible on October 1st to sign a three-year extension worth up to $150 million, or he can wait until summer 2026 to pursue a four-year, $207 million extension. Both extension options average at least $50 million per season. Herro is currently under a four-year, $120 million contract that runs two more seasons. Offseason foot surgery and a history of shaky availability could give the Miami Heat negotiating leverage and potentially delay extension talks. National media projections place Herro nearer to a $40 million annual value. Herro states he expects a deal but prioritizes being paid a respectable amount while maintaining his joy.
Read at Hot Hot Hoops - Miami HEAT NBA Blog
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