Tyler Herro wants market value before signing extension

Tyler Herro wants to sign an extension with the Heat but he is not going to settle for less than what he perceives as his market value, Anthony Chiang of the Miami Herald reports.

Herro is looking for the “right number” before he inks a rookie scale extension, which must happen before opening night. Otherwise, he’ll be a restricted free agent next offseason.

“I want to be here. I want to be in Miami,” Herro said. “But I’m not rushed to sign anything. It’s got to make sense for me and my family. I’m not just going to sign anything. I see the market, I see what guys got paid and I know my worth. So I’m looking for the right number.”

Herro did not provide any details on what he believes his market value is but Chiang speculates he could seeking an extension similar to the one RJ Barrett signed with the Knicks late this summer. Barrett inked a four-year deal with $107M in guaranteed money with another $13M in potential bonuses.

Herro, the league’s reigning Sixth Man of the Year, will make approximately $5.72M this season. Yet he was mentioned prominently in trade rumors this summer as Miami pursued a number of high-profile stars. Herro declares he wouldn’t be disappointed by a trade.

“I can get traded or I can stay here, I don’t care. I just want to play,” he said. “I want to play my game, have fun and I want to be wanted. Wherever they want me, I want to be.”

Herro expressed a desire to be a starter this season but has since softened that stance. After last season, team president Pat Riley challenged Herro to get stronger and become a better defensive player to earn a starting spot.

Challenge accepted, according to Herro.

“If somebody challenges me, I’m going to take it as a challenge,” he said. “That’s how my personality is, that’s what I do. And it’s not coming from just anybody. It’s coming from Pat. He wants the best for not only his team, but at the end of the day he wants the best for us individually, as well. If he challenges me, I’m going to take it on.”