Apr 16, 2025; Chicago, Illinois, USA; Miami Heat guard Tyler Herro (14) and head coach Erik Spoelstra ask for a replay against the Chicago Bulls during the second half at United Center. Mandatory Credit: David Banks-Imagn Images David Banks-Imagn Images

Miami Heat's Tyler Herro Addresses Looming Contract Extension

Originally posted on Miami Heat on SI | By Alex Toledo | Last updated Apr 30, 2025 7:53 PM ET

The Miami Heat face some questions in the summer about what the roster will look like next season

What the team does with Tyler Herro is one to watch as he becomes eligble to sign a three-year, almost $150 million extension on Oct. 1.

Herro, speaking to reporters during the team's optional exit interviews on Wednesday, addressed the subject.

"Basketball is why I'm here at the end of the day, I want to win and I know how badly this organization and this city wants to win. So, I would love to be here. We'll see what happens," Herro said. "If it doesn't get done in October I think we could get it done next summer, just be a little bit higher price. So we'll see."

Although Herro qualifies for the aforementioned extension, he could potentially be due for an extension of up to four years, $207 million if the Heat instead opt to wait until the 2026 offseason.

Tyler Herro on his contract extension. Says it’s ok if it doesn’t get done by October. But laughs when he said that if it waits a year, “it will be a little higher of a price.” pic.twitter.com/hoLu96UjPl
— Five Reasons Sports ⚾️⚽️ (@5ReasonsSports) April 30, 2025

Herro just finished his sixth season, averaging 24 points, five rebounds and five assists. It resulted in his first All-Star season. When asked if getting the extension sooner rather than later is a big deal for him, Herro made his intentions clear.

"Big deal? Not the biggest deal but I mean I would love to be here," Herro said. "The front office, the organization, I think the city, everyone knows how much I love Miami. I've been here since I was 19, I got two kids here, so this is really home for me. I love being here."

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Alexander Toledo is a contributor to Miami Heat On SI and producer/co-host of the Five on the Floor podcast, covering the Heat and NBA. He can be reached at toledoalexander22@gmail.com. Twitter: @tropicalblanket

This article first appeared on Miami Heat on SI and was syndicated with permission.

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