The Miami Heat have five extension-eligible players this summer, with Tyler Herro being the most significant. He can sign a three-year, $150 million extension starting in October, and teams are monitoring this decision closely. The expected cap hits for a full extension would rise to approximately $46.2M, $49.9M, and $53.6M, affecting the team's salary cap. Despite Herro's best season yet, with averages of 23.9 points, 5.2 rebounds, and 5.5 assists, there are indications that the Heat may not fully extend him, potentially offering around $40 million per year instead.
This is a situation teams are keeping an eye on, as Pat Riley has always been cautious with giving out extensions (see Jimmy Butler's situation for details). A decision to extend or not to extend Herro will tell the tale of how the Heat view themselves in the East.
Assuming he signed for the full $150 million, the expected cap hits would be approximately $46.2M, $49.9M and $53.6 million, respectively. His new deal would account for at least 26.7 percent of the projected cap.
The 25-year-old had the best season of his career last year. He averaged a career-high 23.9 points, in addition to 5.2 rebounds and 5.5 assists on 47.2/37.5/87.8 shooting splits.
The tea leaves suggest that they won't reward him with the full max he's allotted to, but I wouldn't put it past the Heat to offer roughly $40 million per year.
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