The Miami Heat have five extension-eligible players — yes, FIVE — this summer. That’s more than one-third of the 14 Heat players on standard contracts.
And arguably the most important one is that of Tyler Herro, who won’t be eligible to sign a three-year, $150 million extension until October. He will have a near-three-week window to ink a new deal before the 2025-26 season starts.
While he still has two more years of control heading into the new season, are teams around the league now monitoring the status of the one-time All-Star?! According to ClutchPoints’ Brett Siegel, that’s the case.
“This is a situation teams are keeping an eye on, as Pat Riley has always been cautious with giving out extensions (see Jimmy Butler’s situation for details),” Siegel wrote Tuesday. “A decision to extend or not to extend Herro will tell the tale of how the Heat view themselves in the East.”
Assuming he signed for the full $150 million that he will be eligible for, the expected cap hits would be approximately $46.2M, $49.9M and $53.6 million, respectively. Previously, the deals would’ve accounted for at least 23.7 percent of the cap. But with next year’s cap only going up roughly seven percent — as opposed to the originally projected 10 percent — his new deal would account for at least 26.7 percent of the projected cap.
There is no question that the 25-year-old had the best season of his career last year. He averaged a career-high 23.9 points, in addition to 5.2 rebounds and 5.5 assists on 47.2/37.5/87.8 shooting splits. He’s improved his playmaking, slashing angles and off-ball defense — but none of it has borne fruit in the postseason.
My stance on whether or not the 6-foot-5 guard will receive the extension hasn’t really changed. This is what I wrote in late July:
“The tea leaves suggest that they won’t reward him with the full max he’s allotted to, but I wouldn’t put it past the Heat to offer roughly $40 million per year. The question, under that specific circumstance, is whether Herro will accept that or try to improve on his career season for more greenbacks. He’ll be eligible for $207 million (over four years) next season, which could turn into nearly $370 million if he makes All-NBA this season.
Verdict: I’m on the fence, but I think no extension is agreed to before season.“
Earlier this summer, I thought that the Heat should explore Herro’s market after Desmond Bane fetched the Grizzlies four first-round picks. Of course, there’s no guarantee that Herro would have gotten a similar return. If you are thinking about extending him — then trade him.
For now, those days are gone. The market for one-way guards quickly depreciated (i.e. Anfernee Simons, Collin Sexton, Jordan Clarkson, Jordan Poole, etc.), even though you could argue that Herro’s better than each of those aforementioned players. The archetype is the archetype, though.
Do you think NBA teams are monitoring Herro’s status? Let us know in the comments below!
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LUXURY TAX ISSUE
Miami remains under the first apron, but nearly $1.4 million above the luxury tax. If management wishes to get under that as well, it would need to cut at least $1.4M salary from the roster by August 28th. Heat management is reportedly considering waiving Simone Fontecchio and stretching his $8.3M salary over 3 years ($2.77M per year).
Rather than do that, Miami should consider trading Rozier and his $26.6M contract to Sacramento for DeRozan and his $24.6M contract thereby saving $2M, enough to get under the luxury tax. Miami would probably need to include a sweetener (like a second round pick or a young player) as an incentive for Sacramento to agree to the trade.
If Miami were instead to include Highsmith ($5.6M) in exchange for Saric ($5.4M) , it could still have enough total salary savings ($2.2M+) to get under the luxury tax. Saric is a 6’10” power forward with a 36.0% career 3 pt average. He could stretch the floor if playing next to Ware or Bam, until Miami comes up with a better solution.
Why would they stretch Fonteccio, just to save some money ? Only teams in troubles does that, like Bucks and Phoenix.
Dog days in NBA.
If an NBA team exceeds the salary cap, they trigger a luxury tax and face additional restrictions on roster building. The league uses a “soft cap,” meaning teams can go over the cap, but it becomes expensive. Teams that spend above the tax line pay a tax to the league, with the rate increasing the further they exceed the threshold. Furthermore, teams exceeding certain “apron” thresholds face further restrictions on trades and player acquisitions.
I can’t say this enough. Tyler Herro has limited trade value and he’s not worth a max contract.
For the next two years, he will be paid tens of millions of dollars to play basketball in Miami. If he has a problem with it, he can pull a Jimmy Butler. If the right trade came along, I’m sure he’s available, but I don’t think the Heat are shopping him and I don’t think other teams are making offers.
I think the Heat and Tyler Herro are both fine letting the next season play out at his current contract, and figuring everything else out later
if he sees fox getting 4 229 hes gonna want similar type $$ wouldnt u.
yes, I would love to be paid $229,000,000 over the next 4 years. And just like it ain’t happening for me, it ain’t happening for Tyler Herro
lotto?
Herro would get close to 40 mill a year in Miami and around 30 mill a year in free agency, which is close to his value as a player.
Should Heat signs him around 40?
I believe they should.
Its still a better option then loose him for nothing in free agency or trade him for a pick and worse players then he is.
But all options should be still on the table for another year.
Anyway, its in Tylers interest to play as good as he can, and its in Heats interest, to play well and earn more money.
just saw jjj got a haircut says he was injured last year.he could really help our bench.weve seen him play good ball for about a half a season.i expect a better jjj im gonna give him the benefit of the doubt saying he was injured and his hair was getting in his eyes
The Butler did it!
Former Miami Heat security officer accused of stealing and selling millions of dollars’ worth of team memorabilia
https://www.msn.com/en-us/news/us/former-miami-heat-security-officer-accused-of-stealing-and-selling-millions-of-dollars-worth-of-team-memorabilia/ar-AA1JYC6A?ocid=hpmsn&cvid=5bfaf6001c594ca88151f083c7c522d5&ei=63
He may be offered what Mikal Bridges received. 4 years/$150M ($37.5 per year).
Bridges 2024-2025 stats:
82 GP, 37 mpg: 17.6 ppg, 3.2 rpg, 3.7 apg 35.4% 3pt
bridges has unbelieveable streak of consecutive games.dudes never missed a game.in nba and maybe college.problem for us bridges 4th best player on knicks.hes very similar to our soft player wiggy
FANSIDED…
Recently, Mikal Bridges signed a four-year $150 million extension with the New York Knicks. Miami Heat guard Tyler Herro is eligible for a three-year $150 million extension in October. While Herro likely won’t receive the full amount, he is reportedly seeking a deal worth over $40 million annually. Currently, Herro has two years left on his four-year $120 million contract.
Bridges’ deal equates to $37.5 million annually, which should set a clear standard for the Heat when discussing talks with Herro. It’s worth noting that Bridges took a slight discount. While Herro would be giving up more money Bridges’ contract gives the Heat a comparison to negotiate with.
Celtics got a deal.
Free agent forward Chris Boucher has agreed to a one-year, $3.3 million contract with the Boston Celtics, agent Sam Permut of Roc Nation tells ESPN. Boucher lands a guaranteed deal with the Celtics and is expected to have a significant role in the frontcourt.
Boucher, 32, saw action in 50 games last season, averaging 10 points and 4.5 rebounds in 17.2 minutes. He didn’t appear in a game after Feb. 26 as the Raptors decided to essentially shut down the veteran big man and take a long look at their younger players.
boucher long and lean just hoist 3s very soft player
Yup. I agree. Miami needs a back-up who can score, rebound and defend the paint. He would play PF whenever he was on the floor with Ware or Bam. 10 points and 4.5 rebounds in 17 minutes out of a back-up PF sounds pretty good.
I want ware and bam on ct as much as possible.Theyre 2 of the best players on the teamWares #s should be 18 12 bams 20 10.If those happen we can win the east.