Miami Heat, Erik Spoelstra Agree to Long-Term Extension Worth Over $100 Million
Spoelstra, the franchise's head coach since 2008, has reportedly agreed to an eight-year contract extension worth over $100 million
The Miami Heat have locked in Erik Spoelstra for the long haul.
Spoestra, the franchise's head coach since the 2008-09 season, has agreed to an eight-year contract extension worth over $100 million with the Heat, according to multiple reports.
The 53-year-old's contract previously expired at the end of this season. His new deal makes him the highest-paid coach in the NBA.
The extension marks a continuation of what has been a highly fruitful partnership. During his 16 seasons with Miami, Spoelstra holds a 725-506 record, and has led the Heat to two NBA titles and four other Finals appearances.
The Heat are 21-15 this year and sit in fourth place in the Eastern Conference, despite being beset by injuries to Jimmy Butler, Tyler Herro, Bam Adebayo and Caleb Martin.
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