With Donovan Mitchell heading to Cleveland, the odds of the Heat giving Tyler Herro a rookie scale extension have seemingly increased, according to Barry Jackson and Anthony Chiang of The Miami Herald.
As Jackson and Chiang write, the Heat were keeping their options open, but with Kevin Durant agreeing to stick with the Nets, at least for now, and Mitchell off the table, there aren’t any obvious star players to target in a trade.
The reason Herro likely hasn’t received an extension to this point is due to the “poison pill provision,” and our Luke Adams actually used Herro as an example of why extending him would make trading him extremely difficult in our updated glossary entry.
If he theoretically received a four-year, $120M extension, then Herro’s 2022/23 salary of $5,722,116 would count as the Heat’s outgoing salary figure in a trade, but any team acquiring Herro would have to view his incoming value as $25,144,423 — that’s the annual average of the five years and $125,722,116 he has left when accounting for both his current contract and his (hypothetical) new extension.
The Heat have given extensions to players on rookie contracts in the past, including Bam Adebayo, Josh Richardson and Justise Winslow, Jackson and Chiang note.
Here’s more from Miami:
- Jae Crowder remains a possible trade target to upgrade the power forward spot after losing P.J. Tucker in free agency, per Jackson and Chiang, who note Crowder “holds some appeal” to Miami. However, the Suns haven’t indicated they want to move him, and acquiring him would be complicated and require multiple players because the Heat don’t have anyone who is currently trade eligible to cleanly match Crowder’s $10.18M expiring salary in a one-for-one deal.
- According to John Gambadoro of Arizona Sports 98.7 FM Phoenix (Twitter link), the Heat never made a formal offer for Mitchell. It’s worth noting that Gambadoro was the first to report that the Cavaliers, who ultimately acquired Mitchell, were pursuing him, so he seemed to have pretty good connections with the situation.
- Meeting Utah’s high asking price for Mitchell reeks of a team “desperate to be relevant,” argues Ira Winderman of The South Florida Sun-Sentinel, who says the Heat didn’t need to acquire the star guard because they’re already relevant. According to Winderman, Durant was worthy of pushing all the chips in the center because he’s a “generational talent,” but that isn’t the case for Mitchell.
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