Editorial

Erik Spoelstra Inks 8-Year, $120+ Million Extension With Miami Heat; Most Committed Coaching Money In NBA History

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Head coach Erik Spoelstra of the Miami Heat speaks during a press conference after the Miami Heat defeated the Boston Celtics 103-84 in game seven of the Eastern Conference Finals at TD Garden on May 29, 2023 in Boston, Massachusetts. (Photo by Adam Glanzman/Getty Images)

(Photo by Adam Glanzman/Getty Images)

Andrew Powell Sports and Entertainment Blogger
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Congratulations, Coach Spo! Well deserved!

The Miami Heat have signed their head coach Erik Spoelstra to a record-breaking contract extension, locking up the franchise’s longest-tenured coach for many more runs.

Spoelstra and the Heat agreed on an extension of eight years, The Associated Press (AP) reported, according to an undisclosed source. ESPN’s Adrian Wojnarowski reported, according to sources, that the 53-year-old’s new contract is worth over $120 million. And if that whopping amount isn’t special enough, it gets even better due to the fact that it’s reportedly the highest amount in NBA coaching history (RELATED: ‘Decision 2.0’: Miami Heat Already Scouting Bronny James, Which Could Trigger LeBron Returning To South Beach)

Overall with Miami, Spoelstra is in his 29th season, while he’s currently serving his 16th as the head coach of the Heat. Starting out in the video room, he was eventually promoted to a scout, and then later became an assistant coach. In 2008, Spoelstra was hand-picked by team president Pat Riley to be his successor as head coach.

As the skipper, Spoelstra has two NBA championships (three overall with the franchise) and six Finals appearances.

And shoutout to LeBron James for this … hope to see you back in the 305, pimp.

My man Spo got that bag! And I couldn’t be happier for him!

Here’s to another championship for the Trey!