The Miami Heat open the 2025-26 season against the Orlando Magic on Wednesday, though they’ll have a notable absence from their starting five.

All-Star guard Tyler Herro is expected to return around mid-November after undergoing surgery on his left foot/ankle Sept. 19, though his comeback isn’t the only major storyline surrounding the 25-year-old.

Herro was eligible to sign an extension worth up to $149.7 million ahead of the regular season, though the two sides were unable to reach an agreement before Monday’s deadline. Now, he’ll wait until next season to negotiate a new deal, which could make him one of the league’s highest-paid players.

Tyler Herro could land $380 million deal

According to Anthony Chiang of the Miami Herald, Herro’s negotiating window will run from July 1, 2026, to June 30, 2027. He’ll be eligible for a four-year, $206.9 million deal during that span, but he could become eligible for a five-year supermax worth $380 million if he’s named to an All-NBA team this season.

With Herro needing to play at least 65 regular-season games to qualify for an All-NBA nod, he would have to return by Nov. 24 against the Dallas Mavericks and remain on the court for the rest of the season.

With extension talks behind him until next summer, Herro will focus on returning to the floor and helping the Heat make the postseason for a sixth consecutive season. He’s coming off his first All-Star selection in the 2024-25 campaign, during which he averaged 23.9 points, 5.5 assists and 5.2 rebounds per game across 77 regular-season outings.