Heat sign Spoelstra to monstrous $120M contract extension

Miami Heat head coach Erik Spoelstra. Jim Rassol-USA TODAY Sports

Heat sign HC Erik Spoelstra to monstrous $120M contract extension

Originally posted on Larry Brown Sports
By Renzo Pocholo Salao | Last updated 1/9/24

The Miami Heat are locking up head coach Erik Spoelstra and throwing away the key.

The Heat have signed Spoelstra to a long-term contract extension, according to AP reporter Tim Reynolds. ESPN’s Adrian Wojnarowski reported the deal to be worth a whopping $120M over eight years.

The guaranteed money is the most committed to a coach in NBA history. Spoelstra’s new deal absolutely obliterated the previous record-holder.

BREAKING: Erik Spoelstra has signed a long-term contract extension with the Miami Heat. pic.twitter.com/OFxjoedmsC

— Tim Reynolds (@ByTimReynolds) January 10, 2024

ESPN Sources: Miami Heat coach Erik Spoelstra’s contract extension includes the most committed coaching money in history: eight-years, $120-plus million. pic.twitter.com/S7cX4a3gwW

— Adrian Wojnarowski (@wojespn) January 10, 2024

Spoelstra has been widely regarded as one of the best coaches in the NBA for a long time. He has a career coaching record of 725-506 — a win rate of 58.9% — across 16 seasons with the Heat.

Spoelstra has won two championship rings, made six trips to the NBA Finals, and only has two losing seasons on his resume.

This article first appeared on Larry Brown Sports and was syndicated with permission.

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