Erik Spoelstra announced that he is leaving Miami Heat now present another significant issue for…
Erik Spoelstra and the Miami Heat have agreed on a contract extension, ensuring that the longest-tenured coach in franchise history only keeps adding to his record for years to come.
Spoelstra signed an eight-year extension worth around $120m – the largest contract in NBA history in terms of total value for a coach – according to a person with knowledge of the agreement who spoke Tuesday to The Associated Press on condition of anonymity because the terms were not revealed publicly.
Spoelstra’s current deal expires after this season.
Spoelstra is in his 16th season as head coach in Miami and his 29th season overall with the franchise. He started in the video room and eventually becoming a scout, an assistant coach and then Pat Riley’s hand-picked successor as head coach in April 2008.
Spoelstra was 24 when he arrived in Miami. He’s 53 now and has three NBA championship rings, two of them coming as Miami’s head coach. He has taken the Heat to the NBA Finals six times, including last season.
