Tyler Herro Contract of $130 Million and Extension
Tyler Herro Contract of $130 Million and Extension
Tyler Herro, the rising star of the Miami Heat, has recently inked a significant deal that has sent ripples of excitement throughout the NBA community. In this detailed exploration, we delve into the intricacies of Tyler Herro contract extension with the Miami Heat. From the impressive numbers behind the deal to the impact it holds for both player and team, let’s uncover the story behind Tyler Herro contract.
Key Facts:
- Tyler Herro signed a four-year, $130 million contract extension with the Miami Heat.
- The contract includes $120 million in guaranteed money and potential incentives.
- Herro won the NBA Sixth Man of the Year award for the 2021-2022 season.
- He was drafted by the Miami Heat with the 13th overall pick in the 2019 NBA Draft.
- Herro’s contract extension features a “poison pill clause” that impacts the team’s salary cap.
- His impressive performances have solidified his position as a key player for the Heat.
- Herro’s contract extension reflects the team’s belief in his talent and potential.
TYLER HERRO CONTRACT
Latest Tyler Herro Heat contract details, length, salary total, average annual value, more
YEARS REMAINING: 4 YEARS
TOTAL AMOUNT REMAINING: $120,000,000
AAV: $30,000,000
Current Contract
| Team | Season | Salary |
|---|---|---|
| MIA | 2023-24 | $27,000,000 |
| MIA | 2024-25 | $29,000,000 |
| MIA | 2025-26 | $31,000,000 |
| MIA | 2026-27 | $33,000,000 |
Past Contract History
| Team | Season | Salary |
|---|---|---|
| MIA | 2022-23 | $5,722,116 |
| MIA | 2021-22 | $4,004,280 |
| MIA | 2020-21 | $3,822,240 |
| MIA | 2019-20 | $3,640,200 |
Tyler Herro’s journey to success began when he was drafted by the Miami Heat in the 2019 NBA Draft, selected as the 13th overall pick after showcasing his talent during his time at the University of Kentucky. Since then, Herro has shown steady improvement, solidifying his position as a key player for the Heat.
In his rookie season, Herro wasted no time in making an impact, averaging 13.5 points, 4.1 rebounds, and 2.2 assists per game. His stellar performance earned him a spot on the NBA All-Rookie second team, setting the stage for what was to come.
The following season saw Herro’s numbers continue to rise, as he averaged 15.1 points, 5.0 rebounds, and 3.4 assists per game. However, it was his third season where Herro truly shined, averaging an impressive 20.7 points, 5.0 rebounds, and 4.0 assists per game off the bench.
Herro’s remarkable performance off the bench did not go unnoticed, as he was awarded the prestigious NBA Sixth Man of the Year award. This recognition further solidified his status as one of the league’s top emerging talents.
With Tyler Herro contract set to expire, the Miami Heat wasted no time in securing his services for the future. In October, the Heat and Herro agreed to a four-year, $130 million contract extension, ensuring that Herro would remain with the team for the foreseeable future.
The contract extension includes $120 million in guaranteed money, with the potential to earn up to $130 million with incentives. This lucrative deal reflects the Heat’s belief in Herro’s talent and potential, as well as their commitment to building a championship-contending team.
One notable aspect of Tyler Herro contract extension is the inclusion of a “poison pill clause,” which comes into effect on July 1, 2023. This clause impacts the team’s salary cap if Herro is traded before the contract officially goes into effect, highlighting the intricacies of NBA contracts and salary structures.
In conclusion, Tyler Herro contract extension with the Miami Heat represents far more than just a financial agreement. It symbolizes the mutual trust and confidence shared between player and team, as well as the commitment to a shared vision of success. As Herro continues to shine on the court, this contract serves as a testament to his undeniable talent and potential. For the Miami Heat, securing Herro’s future ensures stability and strength in their pursuit of championship glory. As the journey unfolds, one thing remains clear: Tyler Herro contract is not just a deal; it’s a declaration of a bright future ahead.
