Tyler Herro’s Contract Extension Deadline Passes Without Agreement

MIAMI, Fla. — The deadline for Miami Heat guard Tyler Herro to sign a contract extension has passed without a deal, leaving him under contract through the upcoming 2025-26 season.

The Miami Heat, as anticipated, opted against extending Herro’s contract, choosing to assess his performance this season before committing financially. Herro, who underwent ankle surgery earlier this year, is focused on returning to the game despite the lack of an agreement.

“I’m not going to lose my joy,” Herro said on September 29, referencing the need to keep a positive mindset during this uncertain period. He added that he remains committed to helping the team succeed while also being eager about his future.

Herro’s current contract, signed after he was drafted in 2019, runs through the end of the 2026-27 season. This extension window allowed for a possible deal worth up to $149.7 million, but no firm offer was made by the Heat, as reported by multiple sources.

The decision not to extend Herro’s contract comes amid questions about the team’s direction. Miami’s management is reportedly aiming to keep its financial options open for potential high-profile free agents in the future, including stars like Nikola Jokić and Giannis Antetokounmpo, who could become available in 2027.

After a breakout season where he averaged 23.9 points, 5.5 assists, and earned his first All-Star nod, Herro is determined to show he can sustain that level of play. Many believe that a successful season could elevate his value even further, possibly leading to a lucrative contract when he becomes eligible again.

As the NBA season kicks off, Herro’s recovery and performance will be closely monitored, particularly as the Heat prepare for their season opener against the Orlando Magic this week.