Born in Milwaukee, Wisconsin, 23-year-old Tyler Herro is now among the youngest rising stars in the NBA. On June 20, 2019, Herro was drafted by the Miami Heat as the 13th overall pick in the 2019 NBA draft. In his rookie season, he made his NBA debut against the Memphis Grizzles on October 23, 2019. Herro has played for the Miami Heat ever since.
With a majority of his earnings from NBA salaries and endorsements, Tyler Herro currently has a net worth of $30 million as of 2023. Tyler’s net worth is substantially increasing, as it was at $27 million in 2022 and $24 million in the year before that.
How much is Tyler Herro’s NBA contract worth?
In 2019, Tyler Herro’s deal made him an average salary of $4,297,209, which he justified more than anything as he made the all-rookie team. He played phenomenally well in the following seasons and not only became a key player in the Heat’s squad but also a fan favorite.
Tyler Herro got an extension signed with the Miami Heat that will bag him $27 million in the first year and then increase by $2 million per year after that. The young NBA star’s contract extension and fashion partnerships will make his net worth grow multiple-folds over the next few years. The current NBA contract for Tyler Herro amounts to a total of $120 million over four years, averaging $30 million a year.
What brands have signed Tyler Herro?
Tyler inked a multi-year shoe deal with Nike in his rookie year of 2019. However, Nike did not disclose the terms of the deal. After this deal, Herro has been rocking a number of the latest kicks from Nike. Among the ones he laced up the most were; Nike PG 5, Kobe 5 Protro Chaos, ‘Tennis Ball’ Shoes – Nike PG1, Kobe 6 Protro EYBL Shoes, and Nike KD 3 ‘Christmas’ Shoes.
In January 2022, Herro signed another deal with Hudson Jeans, owned by Centric Brands. Hudson Jeans signed Tyler as its ambassador for two years. Tyler’s dynamic style and huge fan base have made him an attractive choice for fashion brands to sign with.
The last season was a successful one for Herro, as the Miami Heat were runner-ups for the NBA championship. While playing alongside other big names like Jimmy Butler and Bam Adebayo, the young Kentucky product has a long way to go.