Tyler Herro Reveals He Told Miami Heat He’s Worth $30 Million Per Year During The Contract Negotiations

Tyler Herro openly demanded $30 million per year from the Miami Heat during his contract extension negotiations.

3 Min Read

Credit: Bill Streicher-USA TODAY Sports

Tyler Herro is definitely someone who had a very happy offseason. The young Miami Heat guard and reigning Sixth Man of the Year was rewarded for his efforts for the team since being drafted with a 4-year, $130 million contract extension given to him by the Heat.

The contract negotiations for Herro were simple. While the league wondered whether Herro would be shipped off in a trade to acquire Kevin Durant or Donovan Mitchell, Herro stayed steadfast on a particular amount that he felt would accurately reflect his value as a rising star on the rise, and he told Barry Jackson of the Miami Herald that amount.

“There’s a lot of great young players in the league that got paid and I’m not saying I’m better than anyone. But I’m in the same category as young great players coming up in this league and I knew my worth. Thirty million a year is what I thought I was worth.” (h/t Miami Herald)

Evidently, the bet Herro took worked out as he got a contract that fetched him a little over $30 million every season. 


Tyler Herro Needs To Play Up To His Price Tag

Herro was a later-lottery pick learning the ropes on the Miami Heat when his emergence let the franchise go on a run to the NBA Finals. While he had a disappointing sophomore season, Herro stepped up last season and was the primary offensive weapon for the Heat coming off the bench.

Now that he has the salary to affirm his status as a young star in the league, he genuinely needs to emerge as one of the central figures in the Heat organization. The franchise is paying big salaries to Jimmy Butler, Bam Adebayo, and Kyle Lowry already, and now Herro is joining the queue.

Old players often stop playing up to their level, but young stars have to stay hungry and chase the next contract that might be much bigger than this. Hopefully, Herro can rest easy knowing the Heat values him and proves why they were right to put their trust in him during the season. 

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Ishaan Bhattacharya is a content manager for Fadeaway World from New Delhi, India. With his expertise in NBA content creation, Ishaan brings a wealth of experience to his role, contributing to the site's authority and reach within the basketball community. Over the last year, Ishaan has interviewed Ray Allen and Mark Tatum, while also covering the 2023 NBA Abu Dhabi Games which saw the Dallas Mavericks take on the Minnesota Timberwolves.Since joining Fadeaway World in March 2022, Ishaan Bhattacharya has become known for his unique perspective on the NBA. He consistently delivers this insight through his daily news coverage and detailed opinion pieces on the most significant topics in the league.Before his tenure at Fadeaway World, Ishaan worked in corporate communications, where he serviced prominent sports brands, including NBA India, Sports18, Amazon Prime Sports, and Royal Challengers Bangalore. This experience in strategic communications for leading sports entities has enhanced his ability to craft impactful narratives and connect with a global audience.A true MFFLer (Mavs Fan for Life, for the uninitiated), Ishaan is a massive fan of the Dallas Mavericks. When he is not upset about Jalen Brunson walking in free agency, you can see Ishaan as an avid gamer and content creator. His passion for basketball extends beyond the Mavericks, as evidenced by his thoughtfully curated NBA Mount Rushmore, featuring LeBron James, Michael Jordan, Kareem Abdul-Jabbar, and Bill Russell—each representing distinct eras and bringing their unique qualities to the game.Featured On: ESPN, Sports Illustrated, Bleacher ReportYahoo Sports, NBA, Fox Sports, The Spun
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