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REPORT
MIAMI (AP) — MIAMI Sunday, Tyler Herro and the Miami Heat agreed to a four-year deal extension that may be worth $130 million, according to a source with knowledge of the situation.
The agreement includes $120 million in guaranteed income and an additional $10 million in incentives, according to a source who spoke to The Associated Press on the condition of anonymity because the terms of the agreement are confidential. Adrian Wojnarowski of ESPN was the first to reveal the arrangement.
It solves the issue of whether Miami would let the reigning Kia OKBet NBA Sixth Man of the Year to enter the next season without a contract. Approximately two weeks before to the start of the regular season, this matter is now concluded.
Tyler Herro
And the decision also ensures that Miami’s core will be secure for years. Jimmy Butler, Bam Adebayo, Kyle Lowry, and now Herro all have multiyear contracts with the Heat, who last season won 53 games, were the No. 1 seed in the Eastern Conference playoffs, and advanced to Game 7 of the Eastern Conference finals before losing to Boston.
Herro was selected as the OKBet NBA’s best sixth man by a landslide last season, becoming the first player to earn the accolade while playing for the Heat. He averaged 20.7 points per game, over four more than any other bench player in the league.
When the award was revealed, Heat coach Erik Spoelstra said, “Tyler was a spark plug for this team.” He was like this the whole season.
Herro was born in Wisconsin and attended Kentucky for one season before being selected by Miami. He is approaching his fourth season and could have received a five-year, $188 million contract extension. The agreement starts with the 2023-24 season.
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