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Tyler Herro agrees to four-year, $130 million extension with Heat

Tyler Herro agreed to a four-year, $130 million extension to stay with the Miami Heat, according to ESPN.

The deal is $120 million guaranteed, with incentives that could bring the contract to $130 million. Herro, who was drafted as a lottery pick in 2019, becomes the third current member of the Heat to sign a contract worth more than $100 million, joining Bam Adebayo and Jimmy Butler.

The reigning NBA Sixth Man of the Year averaged 20.7 points in the 2021-22 season. Herro had eight 30-point games off the bench last season and was one of two players to score more than 1,000 points off the bench, joining Utah’s Jordan Clarkson.

Tyler Herro #14 of the Miami Heat reacts against the Boston Celtics in Game Two of the 2022 NBA Playoffs Eastern Conference Finals at FTX Arena on May 19, 2022 in Miami, Florida.
Photo by Michael Reaves/Getty Images

The former second-team All-NBA rookie member rose to prominence in the NBA during the bubble playoffs of 2020, when he scored 335 points, the fourth most postseason points by a rookie.

Herro, 22, and the Heat ultimately came up short of the NBA title, losing to LeBron James and the Los Angeles Lakers in six games in the Finals.