The Miami Heat are actively shopping Tyler Herro in trade discussions as the franchise evaluates its long-term financial and roster outlook ahead of the offseason.
NBA insider Evan Sidery reported on Monday, February 2, that Miami is seeking first-round draft capital in potential Herro deals, signaling a willingness to reshape the backcourt.
Herro, 26, is in the third year of a four-year, $120 million contract and is eligible for a lucrative contract extension this summer. According to Sidery, league executives believe the Heat are unlikely to meet that price point.
The timing is notable as Miami remains in the middle of the Eastern Conference playoff race with a 27-24 record, currently seventh in the standings. The Heat have won six of their last 10 games but remain outside the top tier of contenders.
On the court, Herro has been productive in a limited sample this season. He is averaging 21.9 points, 4.7 rebounds, and 2.7 assists while shooting 49.7 percent from the field and 35.8 percent from three-point range in 11 appearances.
Miami’s roster construction adds context to the decision. Norman Powell leads the team at 23.0 points per game, while Bam Adebayo continues to anchor the defense and interior with 18.2 points and 9.8 rebounds.
The Heat also have multiple rotation wings in Andrew Wiggins and Jaime Jaquez Jr., along with emerging depth pieces, which could make Herro more expendable from a positional standpoint.
Sidery’s report also addressed speculation surrounding the Milwaukee Bucks, noting that interest in Herro as a potential centerpiece in a Giannis Antetokounmpo trade is believed to be low. That limits the likelihood of a blockbuster scenario involving Miami’s top scoring guard.
From a team-building perspective, Miami’s focus on first-round picks suggests a desire to replenish draft assets rather than take on long-term salary. The franchise has operated near the luxury tax in recent seasons, making future flexibility a priority.
Herro’s contract structure further complicates negotiations. With a sizable extension looming, acquiring teams must be comfortable committing significant cap space to a scoring guard whose value is closely tied to offensive efficiency.
Miami has historically balanced win-now moves with developmental planning, and shopping Herro fits that pattern. The Heat reached the NBA Finals as recently as 2023 but have since navigated roster turnover and cap constraints.
