Miami Heat Didn’t Make Firm Extension Offer To Tyler Herro

The Miami Heat didn’t make a firm extension offer to Tyler Herro, according to NBA reporter Anthony Chiang of The Miami Herald.

Herro will make $31 million this season and $33 million next season in the final year of his deal.

“According to a source, the Miami Heat and Tyler Herro’s representation had discussions, but the Heat had not made a firm offer as of this past Friday,” Chiang wrote. “Herro, 25, was eligible to sign an extension worth as much as $149.7 million with the Heat this year. The window to sign such a deal opened on Oct. 1 and closed Monday at 11:59 p.m. just a few days before the Heat opens the regular season on Wednesday against the Magic in Orlando.

“Herro’s next opportunity to sign an extension with the Heat will come next year, and that negotiating window will open July 1, 2026 and close on June 30, 2027. He’ll be eligible to sign an extension worth as much as $206.9 million through four seasons during that window and would become supermax eligible (five years, $380 million) if he’s selected for an All-NBA team this season.”

Herro will miss “around eight weeks” after undergoing surgery to alleviate posterior impingement syndrome in his left ankle. The 90-minute procedure was performed by Dr. Thomas San Giovanni and assisted by Heat team physicians Dr. Harlan Selesnick and Dr. Frantz Lerebours at Doctors Hospital Surgery Center in Miami.

For the Heat last season, Herro averaged 23.9 points, 5.2 rebounds, 5.5 assists, 0.9 steals and 0.2 blocks in 77 games. He made his first All-Star team and shot 47.2% from the field, 37.5% from beyond the arc and 87.8% from the free-throw line.

Herro has career averages of 19.4 points, 5.0 rebounds, 4.0 assists, 0.7 steals and 0.2 blocks with the Heat. He won the 2021-22 Sixth Man of the Year Award. Miami selected Herro with the 13th overall pick in the 2019 NBA Draft.

The Heat lost to the Cleveland Cavaliers in the first round of the 2025 playoffs in four games. Jimmy Butler requested a trade and was traded to the Golden State Warriors in February.

Miami made the NBA Finals twice (2020, 2023) during the Butler era, losing both times. The franchise wants to save cap space for the 2027 free agent class.