(Basketball news) The Miami Heat announced that their young guard Tyler Herro, who was also the NBA’s Sixth Man of the Year last season, has signed a new four-year deal as he is set to earn an average of $30 million every season, with performance bonuses that could add up to $130 million contract extension. In the 2019 NBA Draft, Miami selected Herro as the 13th overall pick. The Heat then subsequently made it to the NBA Finals during his first season, only falling short to the Los Angeles Lakers in the championship game of 2020.
However, in the following season, Heat were eliminated in the first round of the 2021 playoffs and this season they lost to Boston in this year’s Eastern Conference finals in a seven-game series. During that period he averaged 20.7 points, 5.0 rebounds, and 4.0 assists in 32.6 minutes on the field. Herro found a new role coming off the bench as he made 56 of his 66 appearances the previous season to win the sixth man trophy. Throughout his three league seasons, Herro has averaged 16.7 points, 4.7 rebounds, and 3.2 assists per game, increasing his point total each time.
According to the Miami Herald, he is set to get $120 million is guaranteed, and the remaining $10 million can be obtained through incentives. This year, the team will likely be running for a championship because they have a good mix of young and old players. Last season he had his greatest year since joining the organisation in 2019 and still has plenty of time to develop and solidify himself as a Heat cornerstone player since he is only just 22. If Miami hadn’t negotiated an agreement with him he would have been eligible for restricted free agency the following summer. Before now, he also stated in an interview that he wouldn’t consent to any team where he felt that he would be undervalued, hence Pat Riley acted quickly and offered the best possible deal.
“Tyler is an impact player who has many skills, so we are thrilled to have him sign for the next five years,” Pat Riley, president of the Heat said. “This day has come about because of his improvement each year since we selected him. We anticipate that he will keep improving.”
Herro declared, “Miami is where I want to be. But I won’t sign anything right now. It has to make sense for my family and me. I will not just sign any agreement. I know my value since I can see the market and what other people are being paid.”
Also read: Former All Star Blake Griffin joins the Boston Celtics
