Tyler Herro unlikely to receive extension from Heat before Monday’s deadline
The waiting game for an extension from the Miami Heat appears likely to extend into next offseason for guard Tyler Herro.
League sources told the Miami Herald on Friday that it’s unlikely Herro and the Heat will reach an agreement on an extension ahead of Monday’s deadline to get one done this offseason. After Herro turned in the best season of his NBA career last season, the Heat wants to see how he follows that up in the months ahead.
According to a source, the Heat and Herro’s representation had discussions, but the Heat did not make a firm offer.
Herro, 25, is eligible to sign an extension worth as much as $149.7 million with the Heat this offseason. The window to sign such a deal opened on Oct. 1 and closes Monday, just a few days before the Heat opens the regular season on Wednesday against the Magic in Orlando.
If an agreement is not reached by Monday, as expected, Herro would become eligible to sign an extension worth as much as $206.9 million through four seasons during the 2026 offseason and would become supermax eligible (five years, $380 million) if he’s selected for an All-NBA team this season.
Herro still has two years left on his current contract at $31 million for this season and $33 million for the 2026-27 season. So any potential extension for Herro signed this offseason or next offseason would begin in the 2027-28 season.
If the Heat and Herro can’t agree on an extension in the coming years, he would become an unrestricted free agent in the summer of 2027.
“It is important for me,” Herro said during the Heat’s annual Media Day on Sept. 29 regarding the possibility of signing an extension. “I’ve been here six years. I feel like I’ve earned it. I’m not saying what I’ve earned, but I’ve earned something. I think I deserve it, and I want to be here ultimately. I’ve vocally said that.”
But Herro also made clear that if the sides can’t strike a deal before the start of this regular season, he won’t let any frustration from those negotiations affect his play.
“But I do want to say that it’s not like a top priority, and I’m not going to hinder this season on getting an extension or not. I’m not going to lose my joy,” Herro said on Sept. 29 with a laugh, alluding to former Heat teammate Jimmy Butler’s viral “joy” comment that eventually led to his ugly breakup with the organization. “I ain’t going to lose my joy. I’m excited to play.
“At the end of the day, I have two years on my contract. And if we don’t get something done, I’m not going to be a problem throughout the organization. I’m happy to be here, at the end of the day, and there are two years left. I would love to get something done, like I said, but we’ll see what happens.”
Herro has made it known that he’s willing to negotiate down from the max extension he’s eligible to receive this offseason of $149.7 million through three seasons.
“It’s not as important as you all think,” Herro said on Sept. 29 when asked about the importance of getting a max extension. “It’s not that important to me. Being here is important, but being here at a respectable number. For me, I have a number in my mind like I did on the last contract extension. And that’s why I didn’t accept the max because I wasn’t pressed on that, and I’m not pressed on it now.
“I feel like a lot of people have put out like it’s $50 million or nothing. It’s not that. At the .end of the day, I want to be here, as I’ve said. But it’s about respect at the end of the day. So we’ll see what happens.”
Unfortunately for Herro, his extension window overlaps with his recovery from ankle surgery after he underwent surgery “to alleviate posterior impingement syndrome in his left ankle” on Sept. 19. He’s expected to miss at least the first month of the regular season.
Heat president Pat Riley hinted during his season-ending news conference in May that the Heat might wait until next offseason to address a potential Herro extension.
“Pay me now or pay me later, whatever it is,” Riley said in May. “We’ve already talked about it. I talked about it with Tyler, and so we’ll see what happens as we plan. The numbers are getting pretty big for a lot of guys. Max salaries in this league, who do they go to? ... But Tyler definitely is deserving of the thought of an extension. But are we going to do it? We haven’t committed to it, but we’re going to discuss it, and I’ve already talked to him about it. He’s cool.”
Herro is preparing for his seventh NBA season after being drafted by the Heat with the 13th overall pick in 2019.
Since then, Herro has developed into one of the most skilled scorers in Heat history. He already enters this season as the Heat’s sixth all-time leading scorer in franchise history with 6,987 points and also ranks second in franchise history with 984 made three-pointers.
Herro finished last regular season as the Heat’s leading scorer on the way to being selected for his first NBA All-Star Game. He averaged career highs in points (23.9 points per game) and assists (5.5 per game) while shooting a career-best 47.2% from the field last regular season.
On Friday, ESPN’s Brian Windhorst was the first to report that an extension for Herro was “doubtful.”
Earlier this month, the Heat signed forward Nikola Jovic to a four-year, $62.4 million rookie scale extension.
This story was originally published October 17, 2025 at 3:46 PM.
