Erik Spoelstra Signs Historic $120 Million Contract Extension with Miami Heat

The eight-year deal makes Spoelstra one of the highest-paid coaches in sports, amid a successful tenure marked by two championships and six Finals appearances.

Erik Spoelstra, head coach of the Miami Heat, has signed an eight-year, $120 million contract extension, making it the largest deal for a coach in North American sports history.
Spoelstra will earn $15 million annually, making him one of the highest-paid coaches in sports on an annual basis.
Spoelstra has led the Heat to two championships and a total of six Finals appearances, including two in the past three years alone.
He has a reputation for quickly fitting unheralded role players into the “Heat Culture” system, increasing his reputation and the team's success.
Spoelstra's ex-wife, Nikki, responded to online trolls who suggested she 'fumbled the bag' after the announcement of his record contract, defending her personal choices and calling for more respect online.