Although All-Star guard Tyler Herro has expressed interest in signing a contract extension with the Heat before the regular season begins, there haven’t been substantive discussions to this point, according to ESPN’s Brian Windhorst, who hears from sources that a preseason deal is doubtful.
Because Herro has two guaranteed seasons left on his current contract, he wouldn’t be eligible to sign an extension during the season. If he and Heat don’t work out an agreement on or before Monday, his next window to sign a new deal would be during the 2026 offseason.
Norman Powell and Andrew Wiggins are also extension-eligible, but a long-term deal for either player appears unlikely in the short term, Windhorst writes.
As ESPN’s Tim Bontemps observes within the same story, the Heat are one of a handful of teams looking to maximize their cap flexibility for the summer of 2027, which is when several stars – including Nikola Jokic, Giannis Antetokounmpo, and Donovan Mitchell – are currently projected to reach free agency. That doesn’t necessarily mean a player like Herro or Powell won’t sign an extension sooner or later, but Miami may be reluctant to sacrifice 2027 cap room until they have “good reason” to, Bontemps explains.
Here are a few more notes and rumors on potential extension candidates:
- There’s mutual interest between the Hawks and Kristaps Porzingis in a new contract, but the two sides are comfortable waiting to see how the season plays out, says Windhorst. That lines up with recent public comments from Porzingis on the subject. Both Porzingis and Trae Young are expected to have to wait on potential extensions, though Young would ideally like to replace his $49MM player option for 2026/27 with a lucrative new deal sooner or later, per Windhorst.
- The Hawks are negotiating with rookie scale extension candidate Dyson Daniels ahead of Monday’s deadline, Bontemps confirms. ESPN’s Bobby Marks suggested earlier this week that Daniels’ agent, Daniel Moldovan, is using Jalen Suggs‘ five-year, $150MM as the key point of comparison for his client. Daniels’ teammate Jalen Johnson signed an identical extension last fall.
- The Knicks and Mitchell Robinson have spoken about a possible extension, but haven’t gained any real traction, sources tell Windhorst. According to Windhorst, there’s also no urgency for the Knicks and Karl-Anthony Towns to work out a new contract — he’s extension-eligible, but has two guaranteed years and a player option left on his current deal.
- Marks and Bontemps took a closer look at several of the remaining rookie scale extension candidates, speculating about what fair contracts might look like and predicting which ones will get done.