
"It doesn't appear as if the Miami Heat and Tyler Herro are going to agree to an early contract extension. According to ESPN, there have been no substantive talks between the two sides, and an extension before the October 20 deadline is considered "doubtful" at this point. I suppose something could change between now and next week, but unless there's some serious traction over the next couple of days, it does look like both the Heat and Herro are going to kick this decision down the road."
"If Herro believes that he could have another All-Star season on the horizon, there's reason to believe that he could put himself in a position to get an even bigger payday next summer. Herro is eligible to sign a three-year, $150 million max extension right now. However, next summer, he'll be eligible to sign a four-year, $207 million extension. While not getting an extension right now may seem like a loss for Herro,"
"For the Heat, it's pretty obvious why they may be in favor of holding off on an extension for Herro. For one, it gives them added financial flexibility heading into this season and next summer. Even though free agency is fool's gold at this point, the Heat could desire some financial relief. That's exactly what they seem to be prioritizing. What Miami plans to do with this additional flexibility is anyone's guess, but it's certainly something that the front office is in favor of."
Tyler Herro and the Miami Heat have not held substantive extension talks, making an agreement before the October 20 deadline doubtful. Herro can currently sign a three-year, $150 million max extension or wait until next summer to pursue a four-year, $207 million deal. Waiting could yield roughly $55 million more but carries performance risk dependent on another All-Star season. The Heat gain short-term financial flexibility and roster clarity by delaying an extension, which supports payroll maneuvering and allows Erik Spoelstra to evaluate the roster through the upcoming season.
Read at All U Can Heat
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