Tyler Herro has secured a $130 million contract extension from Pat Riley’s Miami Heat for his performances over the past three seasons.
Tyler Herro was selected 13th overall by the Miami Heat in 2019 out of Kentucky and has been a valuable contributor since his rookie season. Herro’s constant progression and improvement has been marked and earned Herro Sixth Man of the Year honors in 2021-22.
Herro has averaged 16.7 points and 3.2 assists in his career thus far. With trophies and a memorable bubble playoff run on the books, payday was only a matter of time.
Also read: “Is Jordan Poole congratulating Tyler Herro or sending Bob Myers a message?”: Warriors loyalists hold their breath as contract extension looms
The former Kentucky Wildcat and the Miami Heat have agreed to a four-year, $130 million contract. The extension, however, is not without additional kickers to incentivize the young guard.
What are the additional clauses that can be added to Herro’s $130 million contract?
According to sources, the contract sets out separate clauses for each individual honor Herro may claim during his time in the league. This includes MVP, Defensive Player of the Year and All-NBA selections.
Tyler Herro’s Incentives:• $1 million if you win MVP• $1 million if you win DPOY• $1 million if All-NBA First Team wins• $1 million if the All-NBA Second Team wins• $500K if All-NBA 3rd Team wins
*Must play in 75% of regular season games*Incentives are capped at a maximum of $2.5 million per season
—Anil Gogna (@AnilGognaNBA) October 4, 2022
The Godfather, Pat Riley, is known for his people management skills. Perhaps monetary incentives are what it takes to take your former lottery pick to stardom.
Availability also makes a difference for these kickers. Herro needs to be on the floor in at least 75% of the Heat’s games during the regular season to be eligible for his bonus.
What are the additional tricks that seem realistic in Herro’s case?
Tyler Herro is a gifted scorer for the club. Herro’s movement, activity, and shooting make him a three-tier threat at all points in the game.
Defensively, while not a drag, Herro isn’t much of a defender either. DPOY honors can be almost completely ruled out of Herro’s future. MVP also seems like an extremely far-fetched proposition, based on what we’ve seen from Herro so far.
Herro hasn’t shown enough to warrant status as the No. 1 offensive option on a contender list. Barring a huge offensive jump, MVP status appears to be beyond Herro’s capabilities.
A realistic future scenario among the listed incentives appears to be an All-NBA third-team selection. This is not a snub to Herro in any way: Herro is a really talented player. However, the flashes we’ve seen don’t project him as a top-15 prospect in the league.
Is Herro going to prove us wrong and jump in to claim the incentives? We have four years to find out.
Also read: “I wasn’t crazy to put Tyler Herro in the same conversation as Luka Doncic and Trae Young”: Udonis Haslem reiterates his claim that the Heat shooting guard is one of the best youngsters in the league
