Tyler Herro and the Miami Heat didn’t reach agreement on a contract extension ahead of Monday’s deadline. The Heat had not made a firm offer to Herro as of this past Friday despite the fact that they had some level of discussions.
Herro was eligible to sign for as much as $149.7 million. Herro’s next extension window opens on July 1, 2026 and will run through the entire 2026-27 season. Herro could sign for as much as $206.9 million during four seasons.
Herro has two seasons remaining on his current contract at $31 million for the 2025-26 season and $33 million for the 2026-27 season.
“It is important for me,” Herro said during the Heat’s annual Media Day on Sept. 29 regarding the possibility of signing an extension. “I’ve been here six years. I feel like I’ve earned it. I’m not saying what I’ve earned, but I’ve earned something. I think I deserve it, and I want to be here ultimately. I’ve vocally said that.”
Herro made his first All-Star Game last season as he averaged 23.3 points and 5.5 assists.
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