Overview

• Tyler Herro is widely reported to plan to request an annual salary between $41 million and $42 million when he becomes extension-eligible on October 1.
• Miami holds only about $16 million beneath the NBA’s second salary-cap apron, limiting its ability to absorb a major pay raise.
• Andrew Wiggins is projected to earn $28.2 million next season with a $30 million player option in 2026-27, consuming a significant share of the team’s available cap space.
• The Heat can offer Herro a three-year, $150 million extension in October or let him qualify for a four-year, $207 million maximum contract after the 2025-26 season.
• If Miami cannot meet his terms, multiple teams including the Boston Celtics are reportedly prepared to pursue Herro in a potential trade.