Tyler Herro, the beloved guard of the Miami Heat, has been a vital player during their playoff run, which led them to the NBA Finals. Although his appearance in the Finals series remains uncertain due to an injury, many wonder how much wealth the NBA professional has generated and what his net worth will be in 2023.
Having been drafted by the Miami Heat in 2019, Tyler Herro has played with the franchise ever since and has accumulated a significant fortune from his player contracts. Due to his popularity on and off the court, the 23-year-old has received countless endorsement deal offers from various brands.
One of his biggest deals has been his multi-year partnership with Nike, where he earns plenty of money. Besides that, Herro also partners with Bose, Old Spice, New Era, and GLD. So what is Tyler Herro’s net worth in 2023? Here’s what you need to know.
Contracts and Salary:
In October 2022, Tyler Herro signed a four-year rookie extension contract with the Miami Heat worth a whopping $120,000,000. This deal guarantees $120,000,000 for the player at signing, with an average salary of $30,000,000 annually. He will earn a base salary of $27,000,000 for the 2023-24 season, with a dead cap and cap hit value of $27,000,000. The contract will keep him with the Heat until the end of the 2026-2027 season, after which he will become an Unrestricted Free Agent in 2027.
Endorsements:
Despite playing only his fourth season in the NBA, Tyler Herro has already signed various endorsement deals with well-known brands. With Nike, Tyler signed a multi-year contract that earned him significant money. Apart from Nike, he also partners with GLD, Bose, New Era, Hubolt, and Old Spice, among others. These deals undoubtedly contribute a considerable amount to his overall wealth.
Car Collection:
Tyler Herro has a small yet elegant car collection showing his preference for Mercedes. His collection includes a Mercedes-Benz G63 AMG, a Mercedes-Maybach S680, and a Mercedes-Maybach GLS600.
In conclusion, Tyler Herro is a talented young player who has already amassed much wealth through player contracts and multiple endorsement deals with various brands.
