On Monday, Miami Heat guard Tyler Hero signed a $130 million contract extension with the team. According to sources, 120 million dollars is fully guaranteed. But the deal also includes a $10 million incentive.
Tyler Hero’s contract incentives include $1 million for winning MVP, $1 million for Defensive Player of the Year, $1 million for receiving an All-NBA First Team selection, $1 million for receiving an All-NBA Second Team selection, and $500,000 for an All-NBA Third Team selection. Finding.
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Tyler Hero’s Motivations:
• $1 million if he wins MVP
• $1 million if DPOY wins
• $1 million for All-NBA 1st Team
• $1 million if All-NBA 2nd Team
• $500,000 if he gets the All-NBA 3rd team
*Must play in 75% of regular season games.
*Incentives are capped at a maximum of $2.5 million per season.
— Anil Gogna (@AnilGognaNBA) October 4, 2022
In addition, the third-year guard must play in 75% of the regular season games. Barring a serious injury, Tyler Hero has no problem appearing in 62 games. Additionally, incentives are capped at $2.5 million per season.
Winning DPOY is a long shot, but even if he wins the award and earns All-NBA honors, he can earn an additional $2.5 million per season.
Tyler Hero’s $10 million incentive is based on games played and All-NBA honors with the Heat.
It should go without saying that if Hero wins MVP and DPOY in the same season, he will also receive an All-NBA First Team selection. The strange wording is based on the salary cap rules in the CBA.
In fact, Hero’s $5,722,116 team option for the 2022-23 season became effective on September 3, 2021. This is part of the rookie balance contract he signed with the Heat in 2019.
Heat president Pat Riley released this statement on Hero’s multi-year deal: “Tyler is a multi-faceted impact player and we are excited to sign him for the next 5 years. It has improved every year since we drafted it. We believe it will continue to get better.
Head coach Erik Spoelstrom commented on Hero’s re-signing. “It’s exciting for everyone involved,” Spoelstra said. “Everybody in our organization, for Tyler, for his family, for him.”
In 66 games last season, Tyler Hero averaged 20.7 points, 5 rebounds and 4 assists per game. The third-year guard shot 44.7% from the field and 39.9% from 3-point range. He went on to win Sixth Man of the Year.
In the year On October 23, 2021, in the Heat’s 102–91 loss to the Indiana Pacers, the guard became the first player in franchise history to record at least 30 points and 10 rebounds off the bench.
If Tyler Hero plays like he did last season, he should have no problem receiving at least a $1 million bonus for the 2022-23 season. Regardless, the point guard’s future with the team is set.