Nikola Jovic Secures Four-Year, $62.4 Million Heat Contract Extension
The Miami Heat has demonstrated its commitment to forward Nikola Jovic by finalizing a four-year contract extension. The deal, valued at $62.4 million, was confirmed by a league source. According to the contract, Jovic will earn an average of $15.6 million annually.
Nikola Jovic’s Extension Details
- Contract Duration: 4 years
- Total Value: $62.4 million
- Average Annual Salary: $15.6 million
- Contract Type: Fully guaranteed, no player or team options
At 22 years old, Jovic has been with Miami since being selected as the 27th pick in the 2022 NBA Draft. He was eligible for this rookie-scale extension since July 1, negotiating the new terms three weeks before the window closed on October 20.
Impact of the Extension
This extension ensures that Jovic will not enter restricted free agency next summer. His new contract will commence in the 2026-27 NBA season. Jovic is now one of nine players under contract with the Heat for that season.
- Bam Adebayo
- Tyler Herro
- Davion Mitchell
- Kel’el Ware
- Jaime Jaquez Jr.
- Kasparas Jakucionis
- Pelle Larsson
- Dru Smith
Jovic is the only Heat player contracted beyond the 2028-29 season. The talented 6-foot-10 forward aims to solidify his role on the team after a fluctuating past season, where he initially started but eventually excelled as a sixth man.
Performance and Future Goals
During his previous season, Jovic averaged 10.7 points, 2.8 assists, and 25.1 minutes per game. He achieved these career highs despite missing the last 27 games due to a right hand injury. Before the injury, he performed impressively, averaging 12 points, four rebounds, and 3.6 assists over a two-month stretch.
This offseason, Jovic showcased his skills representing Serbia in the EuroBasket tournament, averaging 12.8 points with a remarkable shooting percentage. He aims to maintain his health this season and seeks a starting position within the Miami Heat lineup.
Tyler Herro’s Contract Situation
As Jovic’s situation stabilizes, teammate Tyler Herro is now focused on his own potential extension. Herro’s window to negotiate a contract worth up to $149.7 million opened recently and will close on October 20. Failure to secure an agreement could allow him to sign for as much as $206.9 million during the 2026 offseason.
Currently, Herro has two years left on his contract, reflecting a total of $31 million this season and $33 million the next. He has expressed a strong desire to remain with the Heat long term.
