By signing Nikola Jovic to a four-year, $62.5 million extension, the Miami Heat are making it clear that they have no plans to prioritize cap space—or make a major trade this season.
No, the dollar amount, which was first reported by ESPN’s Shams Charania, is not considered cornerstone money. Jovic’s new extension kicks in during the 2026-27 campaign, and will never take up more than 9 percent of the salary cap.
Still, locking down Jovic now says a great deal about the franchise’s faith in him, and its overall direction. For starters, it takes the Heat out of the cap-space game next summer, and potentially during the 2027 offseason.