How much is Tyler Herro's salary?

Tyler Herro is a 23-year-old versatile guard who plays for the Miami Heat in the NBA. The Wisconsin native was the 13th overall pick out of Kentucky in the 2019 NBA Draft. He was voted as the NBA Sixth Man of the Year for his thriving performance during the 2021/22 season. He averaged a career-high 20.7 points, 5.0 rebounds, and 4.0 assists on 44.7% shooting including 39.9% from the 3-point line.

Herro's value leveled up when he showcased a thrilling performance against the LA Lakers during his rookie year in the bubble playoffs. Since then the guard has been kept safe as a valuable Heat piece. Additionally, the Heat traded Max Strus and Gabe Vincent in the 2023 free agency now Erik Spoelstra will lean more on the guard who could create shots and can also hit from the outside.

On December 15, 2022, Herro scored a career-high 41 points against the Houston Rockets. He also put up 6 rebounds and 2 assists.

Tyler Herro Salary

The 23-year-old Heat guard is set to earn a handsome salary of $27.0 million by virtue of his multi-year extension deal. The new contract has certain incentives present which would escalate the salary in each coming season finally making $33 million in the last year of the contract.

During his rookie contract, he earned a total of $17.1 million in the first four years with the Heat.

Tyler Herro Contract

The Miami Heat rewarded Herro with a four-year contract extension worth up to $120 million guaranteed. The extension will kick in from the 2023/24 NBA season and last until the 2026 off-season. The contract is set to make Herro $120,000,000 over 4 years, of which the entire amount is guaranteed, with an annual average of $30,000,000.

The reason behind Herro signing this big deal is his highlight performance last season. He put up a second-highest average of 20.1 points, 5.4 rebounds, and 4.2 assists per game on 43.9% shooting which also includes a 37.8% from the 3-point line.

Tyler Herro Position

Herro currently plays the position of shooting guard but if the situation demands can also switch to the point guard position. He plays for the Miami Heat in the NBA.