Tyler Herro Agrees To Massive Rookie Extension With Miami Heat

Tyler Herro said it only a few days ago—he'd only sign an extension with the Miami Heat this year if it was for "the right number." Apparently, that right number is $130M.

Miami Heat guard Tyler Herro – the NBA’s reigning Sixth Man of the Year – has agreed on a four-year, $130 million contract extension, his agents Jeff Schwartz and Mike Lindeman of @Excelbasketball tell ESPN. pic.twitter.com/n1Z1IW73PX
— Adrian Wojnarowski (@wojespn) October 2, 2022

According to Adrian Wojnarowski, Herro and the Heat have agreed on a 4-year, $130M extension, and a further report says that $120M is guaranteed.

Tyler Herro’s four-year extension includes $120 million guaranteed and $10 million in incentives, per source.
— Anthony Chiang (@Anthony_Chiang) October 2, 2022

Herro was the NBA's Sixth Man of the Year last season, averaging 20.7 points, 5.0 rebounds and 4.0 assists, while draining threes at a 39.9% clip.

After watching some of the money being handed out to others in his 2019 draft class, Herro said last week that “there’s players across the league that have gotten paid who I know I’m better than. So it’s got to be the right number.”

The 22-year-old was the 13th overall pick in that 2019 Draft, and he recently watching the No. 3 pick RJ Barrett sign a 4-year, $107M deal with the New York Knicks. If that's the player who he felt he was "better than," he accomplished his goal.