The Miami Heat face an important decision regarding guard Tyler Herro this offseason.
Not in July or August, but in October, rather.
At the start of the month, Herro, coming off a career season, will be eligible to sign a three-year, $149.7 million extension, which would not begin until the 2027-28 season. While the Heat don’t have to, will they back up the Brinks truck for their one-time All-Star?
ESPN’s Bobby Marks expects them to, he wrote Tuesday.
Heat don’t necessarily have to extend Tyler Herro this offseason:
Assuming Herro did sign the extension, his salaries, beginning in 2027-28, would be $46.2M, $48.9M and $53.6 million, respectively. Thus, his aforementioned extension would account for 24.7, 24.2 and 23.7 percent of the cap from 2027-30, respectively.
The Heat have a near-three-week window to extend Herro this fall. And if they don’t, they would still have time.
Herro has one additional year on his contract beyond 2025-26 at $33 million, his age-27 season. The 6-foot-5 guard would be extension eligible next offseason, but for a four-year, $207 million deal.
The two key differences are 1.) The extra year ($57.3 million in ’30-31) and 2.) If Herro somehow made the All-NBA team next year (it’s a possibility, albeit a slim one), he would be eligible to sign a five-year, $380 supermax instead.
The Kentucky alum isn’t concerned about signing one this offseason for that reason, either.
“It’s something I haven’t paid much attention to,” Herro told the Miami Herald in April. “I’m going to let my agent and the organization figure that out. But everyone knows I want to be here long term and I’m definitely excited to see what they have to say for the extension, and see if they want me here as much as I want to be here.”
Herro has met the 65-game minimum just three times over his six-year career, including twice since becoming a full-time starter in 2022-23. Last year, he saw his biggest season-by-season growth statistically while also playing a career-high 77 games.
He didn’t earn All-NBA votes this year, but that doesn’t mean he won’t next year, should they choose not to extend him in October. Herro averaged 23.9 points, 5.2 rebounds and 5.5 assists per game on 47.2/37.5/87.8 splits, but still has a ways before he gets legitimate All-NBA consideration–especially after his latest playoff flameout.
Miami also hasn’t given any indication that it is going to offer Herro his max allotment. A lot of it could be determined by how its offseason goes.
Would you extend him for $150 million? Let us know in the comments!
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Despite all of the hypothetical trades I’ve posted lately, I originally had suggested that Miami re-sign Mitchell and Burks, and wait until current expiring contracts are gone next summer before planning any major moves (unless an offer they couldn’t refuse comes up).
The current expiring contracts (Rozier, Robinson, Anderson, Highsmith and Love) total approximately $65M. Robinson’s contract allows Miami to buy him out for $9,888,000 this summer, thus saving $10M.
Without appearing desperate to trade, it puts Miami in the driver’s seat in case any teams approach them with offers. Worse case scenario, Miami can start the season with the following roster and entertain trade offers up until the February deadline:
Mitchell, Herro, Wiggins, Bam, Ware
Burks, Larsson, Jaquez, Johnson, Jovic, 2025 pick (to G league)
Rozier, Robinson, Anderson, Highsmith, Love (expiring contracts)
Per Yardbarker: Five players in the NBA made $50 million or more in 2024-2025. Those players are Stephen Curry, Nikola Jokic, Joel Embiid, Kevin Durant, and Bradley Beal. The point is, to make $50 million per season, you have to be in a league of your own. At this point in time, with the exception of highly overpaid Beal, it’s safe to say Tyler Herro is not in the same league as any of those other four players.
Note: Next year, 15 players are scheduled to make salaries of $50M+. All are multiple time all-stars and (other than Beal) superior players to Herro. The player with the closest salary to Herro is PG/SG Dejounte Murray (who is also a one-time all-star). Unlike Herro, he is a very good defender.
Herro’s Contract:
2024-25: $29M, 2025-2026: $31M, 2026-2027: $33M
Murray’s Contract:
2024-2025: $28.8M, 2025-2026: 30.8M, 2026-2027: $32.8M, 2028-2029: 30.8 (P/O)
If Riley wants to get creative these trades work:
New Orleans receives: Herro
Golden State receives: Wiggins
Miami receives: Murray (from N.O.), Kuminga from GS (via sign & trade 4 years/ $105.2M)
no zion he’ll beat the rap.gsw dont want wiggins back they have the quitter at sf.i dont want herro back under any condition he doesnt play well in playoffs when it matters the most.why would pels trade murray even up for herro.
Quitter plays SG/SF/PF. Wiggins plays well with Steph an d Green. Not needy re: handling ball. Good defense. 15-20 points a game. Good contract in line timewise with the others.
kuminga bam similar players love him on the heat a front line of bam kuminga ware sign me up for that bc of dav murray,thats 10 games better than last years 5 of herro dav wig bam ware.not a champ team but prob 6th seed depending on adding some 2 way bench players.its gonna take years to build this mess up we have to realize that and just enjoy eric reid and the new heat team.theres got to be at least 2 new starters next year.#1 goal is to bring the best out of ware with bam on ct.
I can wait another year as long as Riley doesn’t make any more bad decisions like not re-signing Davion Mitchell, not trading or buying out Robinson, not entertaining legitimate trade offers for Herro while his value is high and his salary is low, not signing Alec Burks on a team friendly contract, giving draft picks away for anyone other than a ss or borderline ss player, making decisions impulsively or to satisfy his own ego/legacy rather than doing what is in the best, long-term interest of the team.
This is nice SM! Herro needs a ton of developing before he gets to that level but I think he might be nearing his peak already and not much to show. Hope I’m wrong specially if Pat gives him bigger $$$. I’m looking now for a Jovic and JJJ improvement. Big time. If they stay.
I agree. Herro is at his peak, especially if he does not make a serious effort to become a very good defender. There are several teams looking for his offense who have young talent and draft picks to trade. In addition to Ware, Jovic and JJJ, I think Miami has other talented players on rookie contracts with potential, including Johnson, Larsson and Smith.
I would use the players on rookie contracts on the second unit, so they can develop skill, acquire experience and raise their market values, rather than giving the bulk of the minutes to players who are on expiring contracts and will probably be gone (one way or another), by the end of the 2025-2026 season.
Mitchell, Herro, Wiggins, Bam, Ware, Smith, Larsson, JJJ, Johnson, Jovic
works for me. If nothing else, Spo should have a better idea by the end of the season which players are keepers and which ones aren’t.
i thought tys d 1/2 of seson was ok.then as season wore on it progressively got worse.his offense kind of went downhill to.im of the opinion less minutes for him will make him a better player for second half of season and possibly playoffs.i believe best role for ty is coming off the bench.when ty has spring in his legs hes a really good offensive player.hes a super talented ambidextrious offensive player but his minutes to be around 20 mins a game to get the most out of him for the whole year.i dont think his trade value is as high as u think sun gms know his d blows.
might as well give dunc 5 years 100 jjj 5 years 90 pelle 5 years 80 jovic 5 years 95 .
Please no