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1h ago

Heat Lock In Nikola Jović on Four-Year, $62.4 Million Extension

The fully guaranteed pact signals Miami’s bet on the 22-year-old’s development after a career-best season.

PORTLAND, OREGON - JANUARY 11: Nikola Jovic #5 of the Miami Heat shoots a three point basket over Anfernee Simons #1 of the Portland Trail Blazers during the first half at Moda Center on January 11, 2025 in Portland, Oregon. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Soobum Im/Getty Images)
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Miami Heat forward Nikola Jovic (5) celebrates his basket which, following a free throw and a defensive stop, defeats the Minnesota Timberwolves late in the fourth quarter of an NBA basketball game Sunday, Nov. 10, 2024, in Minneapolis. (AP Photo/Bruce Kluckhohn)

Overview

  • Multiple outlets report the sides agreed to a straight four-year, $62.4 million deal with no options, keeping Jović under contract through 2029-30.
  • The extension begins in 2026-27 after he plays the final season of his rookie-scale deal at about $4.4–$4.5 million, with agents Jeff Schwartz, Sean Kennedy and Jared Mucha telling ESPN of the agreement.
  • Jović averaged 10.7 points, 3.9 rebounds and 2.8 assists in 46 games last season before a fractured right hand, and he boosted his profile with a strong EuroBasket for Serbia.
  • Miami reached the agreement ahead of the Oct. 20 rookie-extension deadline that would have sent Jović to restricted free agency next summer without a deal.
  • Team context includes Tyler Herro recovering from foot surgery and weighing his own extension, a larger role projected for Jović, and a poison‑pill provision that complicates trading his new contract this season.