Tyler Herro Reportedly Seeks $40M Per Year Following Mikal Bridges’ Blockbuster Deal
The NBA offseason is heating up — not just with trades and signings, but now with escalating contract demands. According to Greg Sylvander of Five Reasons Sports, Miami Heat guard Tyler Herro is seeking a new contract worth upwards of $40 million per year, with Mikal Bridges’ recent $150 million deal reportedly serving as the benchmark.
Herro, 24, still has two years remaining on his four-year, $120 million rookie extension signed in 2022, but talks of a potential renegotiation or trade have brought his name into headlines once again. After seeing Bridges secure a $150 million payday from the New York Knicks in early July — a deal that averages $37.5 million per year — Herro and his camp are reportedly aiming higher, viewing the Heat sharpshooter as equally, if not more, valuable.
A Comparison of Value
Mikal Bridges’ contract has shifted the market landscape for quality wing players. Known for his elite perimeter defense and offensive versatility, Bridges has emerged as a two-way force, particularly after his breakout stint with the Brooklyn Nets following the Kevin Durant trade. Now with the Knicks, his price tag has reset expectations for young, ascending players who have proven they can contribute in multiple phases of the game.
Tyler Herro, meanwhile, is primarily known for his scoring prowess. The former Sixth Man of the Year averaged 20.8 points, 5.3 rebounds, and 4.5 assists per game last season while shooting 44.1% from the field and 39.6% from three. Though not renowned for his defense, Herro has consistently been a focal point in Miami’s offense when healthy. However, injuries and playoff inconsistency have raised questions about his long-term role with the team — and whether he warrants a contract in the same ballpark as Bridges.
Miami’s Dilemma
The Miami Heat now face a delicate situation. Herro’s talent is undeniable, but a potential $40 million annual price tag would eat up a significant portion of the salary cap. The team already has Jimmy Butler and Bam Adebayo on hefty deals, and with younger players like Jaime Jaquez Jr. and Nikola Jović developing rapidly, some within the organization reportedly view Herro as expendable in future trade talks.
Sylvander’s report fuels speculation that Herro could become part of a blockbuster deal should the Heat decide not to meet his contract expectations. The Heat were heavily linked to Damian Lillard last offseason and have consistently been in pursuit of a third star to pair with Butler and Adebayo.
What Comes Next?
For now, Herro remains a Miami Heat player — but the writing on the wall suggests change could be coming. Whether the Heat are willing to renegotiate Herro’s deal or use his value as a trade chip remains to be seen. But one thing is clear: with Bridges’ deal as a new standard, the market for rising guards and wings just got a lot more expensive.
As the offseason continues, Herro’s contract aspirations will be a major storyline to watch — especially for a Heat team that’s always a threat to make a bold move.
