6:28pm: Miami has officially announced Herro’s four-year extension.
“Tyler is an impact multi-faceted player and we are excited to have him signed for the next five years,” Heat president Pat Riley said in a statement. “His improvement every year since we drafted him has led to this day. We believe he will continue to get better.”
5:31pm: The Heat have agreed to a four-year, $130MM contract extension with star guard Tyler Herro, his agents tell ESPN’s Adrian Wojnarowski (Twitter link). Anthony Chiang of the Miami Herald relays (via Twitter) that $120MM is guaranteed, while the other $10MM can be earned via incentives. Herro’s extension will begin in 2023/24.
With the deal, Miami now has both of its young stars, Herro and Bam Adebayo, under contract long-term. The team has a healthy blend of young players and veterans and is expected to once again compete for a title this season.
Herro averaged 20.7 points, 5.0 rebounds and 4.0 assists per game last year, winning the NBA’s Sixth Man of the Year award. He’ll likely make a strong case in training camp for starting this season.
Herro is entering his fourth season with Miami. Last season was his best campaign since being drafted No. 13 overall by the team in 2019. At just 22 years old, he has ample time to continue improving and establish himself as a cornerstone piece for the Heat.
Miami had until opening night to reach an extension with Herro, otherwise, he would’ve reached restricted free agency next summer. He previously said he wouldn’t sign for anything he believes is less than his market value.
“I want to be here. I want to be in Miami,” Herro said. “But I’m not rushed to sign anything. It’s got to make sense for me and my family. I’m not just going to sign anything. I see the market, I see what guys got paid and I know my worth. So I’m looking for the right number.”
I love Tyler Herro.. I trust Andy Elisburg and the Heat staff…. 30+ a year for a guy who’s never shown full maturity and never started more than a handful of games…… I’m both in shock.. and scared
Agreed. Furthermore, not sure if moving him is going to be as easy. A cap increase is almost necessary to validate the contract and percentage of payroll it consumes.
I get it, but the salary cap is going to spike up soon, so this it just par for the course. We’ll see more questionable deals in due time
sounds like YOU guys need a herro!
This was obviously going to happen when others, like Simons, got what they got, and Jordan Poole will likely get the same amount that Herro did, as they’re extremely similar players
You exactly correct
My first thought was now Poole is going to want the same amount.
@ ARC 2
Wtf was Riley thinking? HUGE overpay.
Smh
@formerlyz Herro has put up much better numbers than Poole.
Correction, Herro has put up more shots than Poole.
Herro had a higher 3pm, Poole turned the ball over less.
There a wash
@Giants
Except in the playoffs, which is when it matters
Close to 50M a year for Herro and Robinson.
Well played.
Weird, they already regret the Robinson deal after he got exposed in the playoffs, and yet set a new high for a 1 way SG’s rookie extension.
The big winner besides Herro is Poole, but GSW probably won’t offer anywhere near that number.
Next +$30M is Jordan Poole
That’s a ridiculous overpay. Poole has only had one good season. Herro has had 3 good ones. Why give him $100+ if can’t repeat last year.
I know the cap is going up but this is…yeah.
He got a little more than RJ. He’s not worth more than RJ. He’s got his chance now to show up. Show that you are worth it. Or they will move him. I think Miami prefers a 2 that plays D.
RJ deal seems pretty damn good now.
Tyler Herro worth the contract. He just won 6th man of the year and got star written all over him.
He’s better than R.J. Barrett.
Tyler Herro about to become the starting Shooting Guard getting that type of money and a chance to make the All Star Team.
no
This is such a bad extension. Herron is easily the most overrated player in the NBA.
Man you talking crazy smh.
I’m interested in seeing him becoming a better defensive player.
Tyler Herro about to put together a great season
After what certain other people got this offseason, it was a foregone conclusion he would get around this amount, although I was hoping for a bit less. I dont have an issue with the amount b/c of what those other people got, which made this the market value, even though I think he would have otherwise been worth significantly less
That being said, my main issue is the timing of thos, the same way the timing was off with the Bam deal as well. Now they cant do anything else this year or next year, and I seriously question the reasoning with that. I still think he could have been used in a potential trade opportunity towards KD, in addition to others obviously, and even if not, they could have waited until the offseason to sign him to allow for more flexibility to add over the cap, although I guess they wouldn’t have had much room either way, but still it does effect certain things they could have done
The one argument I could see is making sure to keep him from potentially being worth more after this year, and in that case, it makes sense to do. I dont see this as anywhere near as bad as Booker’s first extension for a similar amount, for example. I still dont think he should start on this roster, but I imagine they’re going to try that again, even though it doesnt fit
Hopefully, he has improved without the ball, and can improve in the midrange, and continue to improve his decision making, as those are 3 of the next things I think can take him to another level, besides continuing to try and improve defensively around the strong defense around him
What you saying makes a whole lot of sense. You explained everything well. I think if they could’ve got Kevin Durant moving Tyler Herro would’ve been worth it. But we know the Brooklyn Nets wasn’t trying to get rid of him. Donovan Mitchell just isn’t worth what Danny Ainge was trying to get.
Then Pat Riley don’t like Danny Ainge so him doing business with him is unlikely.
I never cared about Mitchell. I care about Kevin Durant, Paul George, Kawhi Leonard, etc types of players
Surprising. There’s no hometown discount. The 130 mm number is within a few million dollars of the best offer sheet that a RFA could have gotten from another team this year. So, with the cap going up some, and some non-guaranteed money, it’s a bit better for the team than fully maxing him next year. Still, this situation appeared to be a clear hold. It’s a player win.
Didn’t he come out recently and say he wants to get paid and won’t take any kind of discount?
I believe he said he wanted to be paid market. I wasn’t so much surprised by him not wanting to give a hometown discount, just by MIA being willing to do the early extension without one.
Herro 2022-23 —-
66 gms, 32.6 mins, 20.7 pts, 5 reb, 4 ast
Career
175 gms, 30.3 mins, 16.7 pts, 4 reb, 3.2 ast,
———————————————————-
RJ 2021-22 —-
70gms, 34.5 mins, 20 pts, 5.8 reb, 3.0 ast
Career
198 gms, 33.5 mins, 17.5 pts, 5.6 reb, 2.9 ast
One plays D. The other one acts like he plays D. Herro is not worth more than RJ.!Herro is a 1way player. Basketball is a 2way sport. Your D is half the game.
R.J. Barrett career shooting numbers
41.8% FG
35.7% 3pt
69.7% FT
Tyler Herro career shooting numbers
44.0% FG
38.5% 3pt
85.1% FT
Tyler Herro is way more efficient!!!
Then R.J. Barrett numbers should be better. He played in 198 games and started 197 and Tyler Herro played in 175 games and started 33 games.
I like gary trent jr than him…overpaid
Well 31.8 Points per 100 possessions is better than anyone on the Heat roster. And he’s being paid to be a scorer. So he’s a head of max and near dudes like Butler, Middleton, Siakam, McCollum, Fox, AD, Garland, Harden, RJ, Simons. Pretty sure he’s worth the contract already.
Yall acting like they just gave this contract to 31 yr old Luol Deng or Timofey Mozgov.
Exactly they tripping Tyler Herro the real deal. He just needs to improve his defense. Outside of that we talking about a guy that can easily be a All Star.
A lot of one dimensional dudes get paid too. Honestly he doesn’t need to improve a ton on defense to prove his worth. He should focus on his shooting and efficiency. He he becomes a more efficient scorer, you’ll be comparing him a lot closer to Donovan Mitchell.
The Miami Heat might be the smallest team but they make up for that with heart and their culture that Pat Riley implemented when he got there and had Alonzo Mourning Tim Hardaway P.J. Brown Jamal Mashburn Voshon Leonard Dan Marjele and the rest of them guys.
Starters
SF Jimmy Butler
PF Caleb Martin
C Bam Adebayo
SG Tyler Herro
PG Kyle Lowry
Bench
SG Victor Oladipo
SF Max Strus
PG Gabe Vincent
C Dewayne Dedmon
G/F Duncan Robinson
“F everything that you say about me” – Harlow/Herro… link to m.youtube.com
This all but guarantees Jordan Poole will not be with the Warriors after this coming season.
Unfortunate timing indeed. That’s 30% higher than GSW wants to offer.
Andy Elisburg be thy name …… one of the absolute best in the NBA, when it comes to cap management, manipulation and gymnastics.
When the time comes that a perceived, bad contract needs to be moved for whatever reason e.g. retaining own FA, incoming FA …… Elisburg gets it done.
It’s good he can get rid of bad contracts since he is the one creating them.
Bad contracts, highly subjective of course, are part of professional parts, moreso in the NBA.
Every NBA team, outside of some tanking teams, has them.
You’re probably twelve.
Herro is an overpay (as a 6th man), unless he bulks up and starts playing decent defense – become starter.