Heat Exercise Tyler Herro’s 2022/23 Option

The Heat have exercised their team option on guard Tyler Herro for the 2022/23 season, according to Barry Jackson of The Miami Herald (Twitter link).

Herro, who has a cap hit just above $4MM this season, will earn about $5.7MM on that ’22/23 option. Now that it has been picked up, the former Kentucky standout is on track to become eligible for a rookie scale extension in 2022 or restricted free agency in 2023.

The 13th overall pick in the 2019 draft, Herro had a big postseason in the Walt Disney World bubble as a rookie in 2020 and was viewed as a candidate for a breakout year in ’20/21. Although his numbers in 54 games were solid (15.1 PPG, 5.0 RPG, 3.4 APG), Herro’s three-point percentage dipped a little from his rookie year and he didn’t take a major step forward. Still, he’s only 21 years old and remains an important part of Miami’s rotation going forward.

Herro is the first player this offseason to have a rookie scale team option for 2022/23 exercised. While  decisions on standard team options are typically due right before free agency begins, teams must make their decisions on rookie scale team options a year in advance. By October 31, clubs must either exercise or decline third-year options for first-round picks from 2020 and fourth-year options for 2019’s first-rounders.

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