Tyler Herro’s Contract

Last Modified Feb 24, 2025 06:36 GMT
Tyler Herro Contract
Tyler Herro during the 74th NBA All-Star Game

Tyler Herro is a professional basketball player who plays for the Miami Heat in the NBA as of February 2025. Herro was drafted as the 13th overall pick by the Miami Heat in the 2019 NBA Draft. Herro started playing basketball at Whitnall High School and scored more than 2,000 points in during his high school career. After high school, Herro selected the University of Wisconsin. However, after John Calipari's (head coach of the University of Kentucky) visit to see Herro's game, Herro committed to playing with the University of Kentucky. In the University Herro played only for one season, averaging 14.0 points, and 4.5 rebounds per game. In 2019, Herro declared his name for the NBA Draft.

After getting selected by the Miami Heat, Herro has been playing for the same team for five seasons and is a key member of the team that has led them to every playoff in these past seasons. Herro won the Sixth Man of the Year Award in the 2021-22 season. In the season he averaged 20.7 points. However, in the 2023-24 season, Herro averaged 20.8 points, 5.3 rebounds and 4.5 assists per game.

Tyler Herro Contract Breakdown

Tyler Herro signed a four-year rookie extension contract with the Miami Heat worth $120,000,000, which is fully guaranteed with an average salary of $30,000,000 as per Spotrac.

YearBase SalarySigning BonusCap HitDead CapYearly Cash
2023-24$27,000,000-$27,000,000-$27,000,000
2024-25$29,000,000-$29,000,000-$29,000,000
2025-26$31,000,000-$31,000,000-$31,000,000
2026-27$33,000,000-$33,000,000-$33,000,000

How much is Tyler Herro getting paid?

Herro will earn a base salary of $29 million in the 2024-25 NBA season, $31 million in the 2025-26 season, and $33 million in the 2026-2027 season. He was previously under an entry-level contract with the Heat which was worth $17,188,836, as per Spotrac.

How much does Tyler Herro make in a minute?

According to his contract, Herro earns $29 million in the season 2024-25, So he will make $55.17 per minute.

Tyler Herro’s Career Earnings

As of February 2025, Tyler Herro has earned $72,961,324 during his six-season career with the Miami Heat as per Spotrac.

What are the terms of Tyler Herro’s contract?

Herro is under a four-year contract with the Miami Heat which is worth $120 million. This includes $120 million guaranteed with an annual base salary of around $30,000,000. He also has incentives worth $10 million and here are the terms. The following are the terms of Herro’s contract as per Spotrac:

  • 2023-24: $2,500,000. The Heat has to play 75% regular season games. (a) $1,000,000 for MVP, (b) $1,500,000 for DPOY, (c) $1,000,000 for making it to the 1st/2nd All-NBA, (d) $500,000 for the 3rd All-NBA)

  • 2024-25: $2,500,000. The Heat has to play 75% regular season games. $1,000,000 for MVP, (b) $1,500,000 for DPOY, (c) $1,000,000 for making it to the 1st/2nd All-NBA, (d) $500,000 3rd All-NBA)

  • 2025-26: $2,500,000. The Heat has to play 75% regular season games. (a) $1,000,000 for MVP, (b) $1,500,000 for DPOY, (c) $1,000,000 for making it to the 1st/2nd All-NBA, (d) $500,000 3rd All-NBA)

  • 2026-27: $2,500,000. The Heat has to play 75% regular season games. (a) $1,000,000 for MVP, (b) $1,500,000 for DPOY, (c) $1,000,000 for making it to the 1st/2nd All-NBA, (d) $500,000 3rd All-NBA)

How much of Tyler Herro’s contract is guaranteed?

Herro signed a four-year $120 million contract with the Heat. In the 2023-24 season, he will receive a guaranteed salary of $27,000,000 million, $29,000,000 million guaranteed in the 2024-25 season, $31,000,000 million guaranteed in the 2025-26 season, and $33,000,000 million guaranteed in the 2026-2027 season. (via Spotrac)

Tyler Herro’s Contract History

YEARTEAMSALARYSIGNING BONUSTOTAL CASH
2019-20Heat$3,412,688-$3,412,688
2020-21Heat$3,822,240-$3,822,240
2021-22Heat$4,004,280-$4,004,280
2022-23Heat$5,722,116-$5,722,116
2023-24Heat$27,000,000-$27,000,000
2024-25Heat$29,000,000-$29,000,000
2025-26Heat$31,000,000-$31,000,000
2026-27Heat$33,000,000-$33,000,000
Total $136,961,324 $136,961,324

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FAQs on Tyler Herro

A. Tyler Herro was born on January 20, 2000, in Greenfield, Wisconsin.

A. Tyler Herro is 6 feet 5 inches tall and weighs 195 pounds.

A. Tyler Herro attended Whitnall High School in Greenfield, Wisconsin.

A. Tyler Herro's career NBA three-point shooting percentage is 38.4%.

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