Miami Heat guard Tyler Herro will eventually be eligible to sign an extension to keep him in Miami. Herro is fresh off averaging career-highs in points (23.9) and assists (5.5) per game and earned the first All-Star nod of his pro career in the 2024-25 campaign as well.

As Herro could be a key part of the Heat’s present and future, one insider expects him to want a pretty penny from them once he is eligible for a contract extension.

Five Reasons Sports’ Greg Sylvander shared via Discord that he thinks Herro will want to be paid more than $40 million annually. Sylvander noted that the New York Knicks recently inked forward Mikal Bridges to a four-year, $150 million extension.

“With ‘never been an All Star & probably won’t ever be an All Star’ Mikal Bridges getting 4 years $150M, you can bet Tyler Herro, particularly if he has back to back seasons at the heightened efficiency, is going to ask for well north of that salary,” Sylvander wrote. “I expect he will want $41-42M per year at least.”

Herro will be eligible to sign an extension with the Heat in October. If they don’t come to an agreement, they can revisit it next offseason.

There’s a real argument to be made that Bridges wasn’t a top three player on the Knicks a season ago, but New York still gave him a big payday.

Using Bridges’ extension as a measuring stick, it’s easy to see why Sylvander believes Herro is going to want well more than what Bridges will be getting paid per year. On top of the standout season he just had, Herro has also been key to some deep playoff runs Miami has made over the years. It would make some sense for the team to reward his loyalty and growth with a load of money.

There are reasons to give the Heat pause about inking Herro to a deal that would pay him so much, however. For as gifted an offensive player as he is, he isn’t known for his play on the defensive end of the floor, and it’s worth questioning whether he will ever be a positive contributor on that side of the ball.

It would be in the best interest of the Heat to keep Herro in the fold for his scoring and playmaking chops, but whether they should be willing to do whatever it takes to keep him around is a difficult question.