Tyler Herro averaged 20.7 points coming off the bench last year for the Miami Heat, and won the Sixth Man of the Year Award. That was enough for the Heat to lock up their 22-year-old shooting guard with a four-year rookie extension that will keep Herro’s talents in South Beach through 2027.
Herro was the No. 13 pick in the 2019 draft and made an immediate impact on the Heat’s run to the NBA Finals.
He started five Finals games and scored the fourth-most playoff points of any rookie in NBA history, including 37 points in a narrow conference finals win over Boston.
Last year, he shot a career-high 39.9% from 3-point range and nearly led the Heat in scoring, despite coming off the bench and playing with three All-Stars in Jimmy Butler, Kyle Lowry, and Bam Adebayo.
The contract contains $120M in guaranteed money over four years. Herro can earn an extra $10M in incentives over the life of the deal that could bring the total payout up to $130M.
Herro joins Butler and Adebayo as Heat players signed through 2025-26, though Herro’s deal runs a year longer. The deal exceeds the four-year, $100M contract signed by Anfernee Simons and the four-year, $104M deal for Jalen Brunson, perhaps setting a new benchmark for young shooting guards.
Specifically for the extension-eligible Jordan Poole of the Golden State Warriors, picked 15 slots below Herro, who also starred off the bench for an NBA Finalist.
It’s also the largest contract ever signed for a player with a Jack Harlow song named after him, a distinction Herro should hold until a player named Churchill Downs or Young Harleezy reaches the NBA.