Beginning on October 1, Tyler Herro is eligible to sign a three-year extension that can be worth as much as $150 million. With the Miami Heat continuing to prioritize cap flexibility and the acquisition of another superstar, very few people expect them to pay him. But there’s a $125 million middle ground that could change everything.
Players can still be traded after getting extensions if they sign for 120 percent (or less) of their final year’s salary, and so long as their annual raises are limited to 5 percent. For the Heat and Herro he could put pen to paper on a three-year, $124.