Overview

• Herro will have a near-three-week window before the 2025-26 season to negotiate a three-year extension worth up to $149.7 million
• His career-best 2024-25 campaign—23.9 points, 5.2 rebounds and 5.5 assists per game on 47.2/37.5/87.8 shooting—bolsters his leverage
• A full deal would carry cap hits of about $46.2 million, $48.9 million and $53.6 million over its three years, tightening Miami’s payroll flexibility
• League executives say rival teams are tracking Miami’s decision as an early signal of the franchise’s Eastern Conference ambitions
• Under his current guarantee through 2027, Herro is slated to earn $31 million in 2025-26 and $33 million in 2026-27, giving the Heat leverage in extension timing