Miami Heat guard Tyler Herro — the sixth NBA man of 2022 — has agreed to a four-year, $130 million contract extension, his agents Jeff Schwartz and Excel Sports’ Mike Lindeman told ESPN on Sunday.
After averaging 20.7 points prior to a season, Herro, 22, will receive an annual salary worth over $30 million for his rookie scale expansion ahead of the Oct. 17 deadline for members of the 2019 NBA draft class.
The deal includes $120 million guaranteed with incentives that can take the contract to a full $130 million, sources said.
Herro — selected 13th overall — is the sixth first-round draft player to agree to a rookie extension. This list includes the top three picks: New Orleans’ Zion Williamson, Memphis’ Ja Morant, and New York’s RJ Barrett.
Herro is a cornerstone of the Heat’s championship aspirations, joining Bam Adebayo and Jimmy Butler as the $100 million+ players on the Heat’s roster. Herro had eight 30-point games off the bench for the Heat last season, the most in a season for any player since Lou Williams in 2018-2019, according to ESPN Stats & Information research.
Utah’s Herro and Jordan Clarkson were the only players to score 1,000 points or more off the bench last season.
As a second-team All-NBA rookie in 2020, Herro had a memorable stretch in the NBA bubble during the run of the Eastern Conference Championship Heat, scoring 335 points, the fourth-highest finish by a postseason rookie, according to ESPN Stats & Information Research.
https://www.espn.com/nba/story/_/id/34714239/miami-heat-sign-tyler-herro-4-year-130m-extension Miami Heat, Tyler Herro agree to 4-year, $130M extension