Tyler Herro Shuts Door On Trade Rumors By Signing New Deal With Heat

Tyler Herro #14 of the Miami Heat Getty Images | Michael Reaves

KEY POINTS

Tyler Herro agrees to a four-year deal that will keep him in Miami until the 2026-27 season
His extension with the Heat snuffs all suggested trade scenarios involving the 22-year-old guard
Pat Riley believes Herro will continue to improve and be part of the Heat's success

Until today, there was no clarity on what lies ahead for reigning NBA Sixth Man of the Year award winner Tyler Herro.

All those have been put to rest after the 22-year-old officially signed a four-year deal worth $130 million.

The new deal for Herro was reported by Adrian Wojnarowski of ESPN.

Furthermore, Anthony Chiang of the Miami Herald added that the deal includes a guaranteed $120 million with up to $10 million in incentives.

"Tyler is an impact multifaceted player and we are excited to have him signed for the next five years," Heat president Pat Riley said in a statement. "His improvement every year since we drafted him has led to this day."

Before the deal was announced, Herro made it clear that any contract extension needs to have the "right number" for him to sign on the dotted line.

When he spoke with reporters, he mentioned that it will be up to his agent, Jeff Schwartz of Excel Sports Management, to handle it.

Had the 6-foot-5 guard failed to land a deal by October 17, Herro would have become a restricted free agent by July 1.

Herro has spent all his three NBA seasons in South Beach.

So far, he holds career averages of 16.7 points, 4.7 rebounds, and 3.2 assists in 175 games.

After struggling in his sophomore year, the 13th overall pick of the 2019 NBA Draft took it up a notch during the 2021-22 season.

He averaged 20.7 points, five rebounds, and four assists in 32.6 minutes of action in 66 regular season games.

In the 2021-22 NBA playoffs, he played in 15 games and averaged 12.6 points, 3.9 rebounds, and 2.8 assists in 25.4 minutes of action.

The deal will likewise put any trade scenario involving Herro to rest as the name of the pesky guard was often mentioned in the rumor mill the past month.

Among them included a suggested deal involving Kevin Durant of the Brooklyn Nets.

Herro was alleged to be the focal point of any Durant trade, but Brooklyn was reportedly not interested in such a trade scenario according to Kurt Helin of NBC Sports.