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Miami Heat, Tyler Herro agree to 4-year, $130M extension

Miami Heat guard Tyler Herro -- the 2022 NBA Sixth Man of the Year -- has agreed to a four-year, $130 million contract extension, his agents, Jeff Schwartz and Mike Lindeman of Excel Sports, told ESPN on Sunday.

After averaging 20.7 points a season ago, Herro, 22, lands an annual salary worth over $30 million for his rookie scale extension ahead of the Oct. 18 deadline for members of the 2019 NBA draft class.

The deal includes $120 million guaranteed with incentives that can bring the contract to a full $130 million, sources said.