Miami Heat guard Tyler Herro agreed to a four-year, $130 million contract on Sunday, October 2.
The deal reportedly contains $120 million in guaranteed money and incentives in which he can earn an additional $10 million.
Miami confirmed Herro signed an extension later Sunday night, but the team did not release the terms of the deal.
“Tyler is an impact multi-faceted player and we are excited to have him signed for the next five years,” Heat president Pat Riley said in a news release.
“His improvement every year since we drafted him has led to this day. We believe he will continue to get better.”
The 22-year-old was the NBA Sixth Man of the Year last season when he averaged 20.7 points, rebounds and 4 assists. He made 175 three-pointers – averaging 2.7 per outing – in 66 games (10 starts).
Herro is entering his fourth season. The Heat had until October 18 to reach an extension with him.
The sweet-shooting guard has career averages of 16.7 points, 4.7 rebounds, and 3.2 assists in 175 games (33 starts) with the Heat.
He shot just 22.9% from three-point range in the postseason last season while trying to play through a groin injury, as he went on to average 12.6 points in 15 playoff games.
Herro missed three straight games in the Eastern Conference finals and played sparingly in the Game 7 loss to the Boston Celtics.
He was the No. 13 overall pick out of Kentucky in the 2019 Draft. – Rappler.com