Though Tyler Herro is available for a contract extension this summer, the Miami Heat is showing ‘no urgency’ to handle this case with him as noted by Ira Winderman of South Florida Sun-Sentinel:
“Keep in mind that if the Heat wait on an extension, it means Tyler Herro remains trade eligible at any point during the season, potentially a chip to put in play at the February NBA trading deadline. The risk is losing Tyler as a restricted free agent next summer. But that also almost never happens, as evidenced this summer with the Suns and Deandre Ayton. Either way, it appears it will be a decision that will come much closer to the Oct. 18 extension deadline. There simply is no urgency from the Heat’s perspective at the moment.”
Herro, 22, is eligible to be signed even for a rookie scale max extension. The Heat are only allowed to commit with that before the 2022-2023 regular season tips off on Oct. 19, or else the microwave guard will enter the restricted free agency next offseason.
Given that he remains unsigned yet, murmurs have sparked that he is being used as a trading chip by Miami, more notably to acquire Donovan Mitchell and Kevin Durant. But as Herro clarified, he remains unbothered by the noises surrounding his name.
Herro blossomed last season with the franchise, averaging 20.7 points, 5.0 rebounds and 4.0 assists in 66 games while being named as the Sixth Man of the Year recipient.