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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Miami Heat Encouraged To Avoid Likes Of Kevin Durant, Trae Young This OffseasonOriginally posted on Miami Heat on SI | By Jayden Armant | Last updated Jun 4, 2025 1:16 PM ET
I agree with Armant regarding not doing anything drastic. See excerpts from his article.
“Not only is next year’s free-agency class deeper, but the Heat will also have more draft-pick equity at their disposal to trade. They need to view the 2026 offseason as their inflection point—the moment they strike or altogether shift course. Sticking to this plan shouldn’t take much willpower. Miami controls its own first-rounder next June, so if cap-space conservation comes at the expense of performance, a lottery prospect awaits the team at the end of it all.”
The Heat finished last season as the eighth seed (No. 10 before the play-in tournament) before their embarrassing sweep in the first round. Unfortunately, they don’t boast the star power to trade for a high-level player without moving Bam Adebayo or Tyler Herro, which likely leaves them stagnated next season.
“We know the Pat Riley-led front office isn’t one for the “R” word: Rebuild,” Favale wrote. “That could prompt the Heat to do something drastic this summer. They shouldn’t. This team is too far away and doesn’t have the assets or opportunity to close the gap between it and the league’s elite.”
Herro at $30M, OK. Herro at $50M, hell no. The sooner he is traded the better (while his value is still high and his contract is reasonable). He is due to make $64M for the next two years (2025-2026 and 2026-2027) under his existing contract. If extended, he would make an additional $150M over the following three years (2027-2028, 2028-2029 and 2029-2030).
Dejounte Murray’s salary lines up perfectly with Herro’s. He is a two way PG/SG with an inexpensive contract (3 years at $96.8M). Although his ppg since being traded from Atlanta to New Orleans dropped from 22.5 to 17.5, his rebounds increased from 5.3 to 6.5 and his assists went from 6.4 to 7.4. I’m sure his ppg could improve if he is brought in to fill Herro’s role as a combo guard while sharing ball handling/play making responsibilities with Mitchell. There are several other New Orleans players that could be included as part of a larger trade (e.g., Zion Williamson, Trey Murphy, Herb Jones, etc.).
Meanwhile, Miami should bring back Mitchell and Burks, get a good player in the draft and get rid of Robinson via buyout or trade, if they do nothing else before the trade deadline. By that time, there will be several teams looking for expiring contracts to shed salaries next offseason who may be willing to give up assets and/or second round picks.
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