Tyler Herro

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Shooting Guard Age: 23-24d Exp: 3 Years
Drafted: Round 1 (#13 overall), 2019 College: Kentucky Agent(s): Jeff Schwartz, Mike Lindeman (Excel Sports Management)

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  • Current Contract

    Tyler Herro signed a 4 year / $17,188,836 contract with the Miami Heat, including $17,188,836 guaranteed, and an annual average salary of $4,297,209. In 2022-23, Herro will earn a base salary of $5,722,116, while carrying a cap hit of $5,722,116 and a dead cap value of $5,722,116.

    Contract: 4 yr(s) / $17,188,836
    Average Salary: $4,297,209
    Guaranteed at Signing $7,462,440
    Signed Using: Entry Level/Rookie
    Free Agent: 2023 / RFA
    Year   Age Status Base Salary Likely Incent. Unlikely Incent. Trade Bonus Cap Hit Pct of League Cap Yearly Cash Guaranteed
    2019-20 Contract details by year 20 $3,640,200 - - - $3,640,200 3.34% $3,412,688($3,412,688) $3,640,200
    2020-21 Contract details by year 21 $3,822,240 - - - $3,822,240 3.50% $3,822,240($7,234,928) $3,822,240
    2021-22 Contract details by year 22 Club
    Exercised
         		$4,004,280 - - - $4,004,280 3.56% $4,004,280($11,239,208) $4,004,280

    Rookie Extension Eligible (25% Cap Max): 5 year, $188M (2023-27), Year 1 Salary = $32.45M
    2022-23 Contract details by year 23 Club
    Exercised
         		$5,722,116 - - - $5,722,116 4.63% $5,722,116($16,961,324) $5,722,116
    Trade Restriction: This player can be traded but has a Poison Pill restriction until Jul 01, 2023.
    Contract Notes:
    • 2021-22 Club Option (exercised)
    • 2022-23 Club Option (exercised, 9/3/21)
    Sources: Spotrac

    Upcoming Contract Extension

    Non-Guaranteed
    Contract: 4 yr(s) / $120,000,000
    Average Salary: $30,000,000
    Guaranteed at Signing $120,000,000
    Signed Using: Rookie Extension/Bird
    Free Agent: 2027 / UFA
    Year   Age Status Base Salary Likely Incent. Unlikely Incent. Trade Bonus Cap Hit League Cap Pct Yearly Cash
    2023-24 Contract details by year 23 $27,000,000 - - - $27,000,000 20.15% $27,000,000($27,000,000)
    2024-25 Contract details by year 24 $29,000,000 - - - $29,000,000 20.28% $29,000,000($56,000,000)
    2025-26 Contract details by year 25 $31,000,000 - - - $31,000,000 20.98% $31,000,000($87,000,000)
    2026-27 Contract details by year 26 $33,000,000 - - - $33,000,000 21.27% $33,000,000($120,000,000)
    2027 Tyler Herro Contracts, Salaries, Cap Figures 27 UFA  
    Incentives
    • Total Incentives: $10 million
    • 2023-24: $2,500,000 ULTBE (>= 75% reg season games + (a) $1,000,000 MVP, (b) $1,500,000 DPOY, (c) $1,000,000 1st/2nd All-NBA, (d) $500,000 3rd All-NBA)
    • 2024-25: $2,500,000 ULTBE (>= 75% reg season games + (a) $1,000,000 MVP, (b) $1,500,000 DPOY, (c) $1,000,000 1st/2nd All-NBA, (d) $500,000 3rd All-NBA)
    • 2025-26: $2,500,000 ULTBE (>= 75% reg season games + (a) $1,000,000 MVP, (b) $1,500,000 DPOY, (c) $1,000,000 1st/2nd All-NBA, (d) $500,000 3rd All-NBA)
    • 2026-27: $2,500,000 ULTBE (>= 75% reg season games + (a) $1,000,000 MVP, (b) $1,500,000 DPOY, (c) $1,000,000 1st/2nd All-NBA, (d) $500,000 3rd All-NBA)

  • Estimated Career Earnings

    A look at the calculated cash earnings for Tyler Herro, including any upcoming years.

    Year Team Awards Salary Signing Bonus Incentive Trade Kicker Total Cash
    2019-20* Player Cash Earnings $3,412,688 - - - $3,412,688
    2020-21 Player Cash Earnings $3,822,240 - - - $3,822,240
    2021-22 Player Cash Earnings SMOY $4,004,280 - - - $4,004,280
    2022-23 Player Cash Earnings $5,722,116 - - - $5,722,116
    Est. Earnings
    (4 seasons)    		 $16,961,324 - - - $16,961,324
    2023-24 Player Cash Earnings $27,000,000 - - - $27,000,000
    2024-25 Player Cash Earnings $29,000,000 - - - $29,000,000
    2025-26 Player Cash Earnings $31,000,000 - - - $31,000,000
    2026-27 Player Cash Earnings $33,000,000 - - - $33,000,000
    $136,961,324 - - - $136,961,324
    Seasons Team Salary Signing Bonus Incentive Trade Kicker Total Cash
    4 seasons Player Cash Earnings $16,961,324 - - - $16,961,324

    * earnings may include deduction of original cashed earned due to shortened season

  • Transactions

    Jan 20 2023Fined $2,000 for technical foul during MIA-DAL game. There are $10 million ULTBE incentives bringing the maximum value to $130 million.
    Nov 27 2022Fined $2,000 for technical foul during MIA-ATL game
    Oct 2 2022Signed a 4 year $120 million rookie contract extension with Miami (MIA)
    Apr 3 2022Fined $2,000 for technical foul during MIA-TOR game
    Apr 2 2022Fined $2,000 for technical foul during MIA-CHI game
    Mar 11 2022Fined $2,000 for technical foul during CLE-MIA game
    Jan 5 2022Fined $2,000 for ejection from MIA-POR game
    Jan 5 2022Fined $2,000 for technical foul during MIA-POR game
    Dec 26 2021Fined $2,000 for technical foul during ORL-MIA game
    Dec 26 2021Fined $2,000 for ejection from ORL-MIA game
    Dec 26 2021Fined $2,000 for technical foul during ORL-MIA game
    Sep 3 2021Miami (MIA) exercised $5.72 million option for 2022-23
    Dec 1 2020Miami (MIA) exercised $4 million option for 2021-22
    Jul 10 2019Signed a 4 year $17.19 million rookie scale contract with Miami (MIA)
    Jun 20 2019Drafted by Miami (MIA): Round 1 (#13 overall)

  • Fines & Suspensions

    A look at the reported fines & suspensions for Tyler Herro, and the financial implications.

    Date Team Category Games Susp. Forfeited Reason
    01/20/2023 Player contract details by year Technical Foul $2,000 for technical foul during MIA-DAL game
    11/27/2022 Player contract details by year Technical Foul $2,000 for technical foul during MIA-ATL game
    04/03/2022 Player contract details by year Technical Foul $2,000 for technical foul during MIA-TOR game
    04/02/2022 Player contract details by year Technical Foul $2,000 for technical foul during MIA-CHI game
    03/11/2022 Player contract details by year Technical Foul $2,000 for technical foul during CLE-MIA game
    01/05/2022 Player contract details by year Technical Foul $2,000 for technical foul during MIA-POR game
    01/05/2022 Player contract details by year Ejection $2,000 for ejection from MIA-POR game
    12/26/2021 Player contract details by year Technical Foul $2,000 for technical foul during ORL-MIA game
    12/26/2021 Player contract details by year Ejection $2,000 for ejection from ORL-MIA game
    12/26/2021 Player contract details by year Technical Foul $2,000 for technical foul during ORL-MIA game
    - $20,000

  • Statistics

    Season Team Games MPG FG% 3PT% FT% ORB DRB TRB AST STL BLK TOV PT Prod Pts
    2022 MIA 42 35 0.437 0.370 0.915 0.43 5.31 5.74 4.45 0.90 0.29 2.45 20.43 33.92
    2021 MIA 66 32.59 0.447 0.399 0.868 0.48 4.50 4.98 3.98 0.67 0.12 2.64 20.71 31.61
    2020 MIA 54 30.28 0.439 0.360 0.803 0.46 4.48 4.94 3.41 0.65 0.31 1.87 15.09 26.19
    2019 MIA 55 27.42 0.428 0.389 0.870 0.29 3.78 4.07 2.20 0.62 0.16 1.58 13.51 21.68
    Totals 217 31.17 0.439 0.381 0.864 0.42 4.47 4.89 3.48 0.70 0.21 2.14 17.43 28.19