Pelle Larsson, Heat agree to four-year, $60M extension

Pelle Larsson and Miami have agreed to a four-year, $60 million extension that includes a mutual option for the 2030-31 season, according to ESPN's Shams Charania, with the new money kicking in for the 2027-28 season. The deal has not yet been confirmed by the Heat.

Heat insider Ethan Skolnick told Sports Illustrated's Miami Heat on SI that the extension locks in a dependable rotation piece before a potential breakout season could have driven up his price. Skolnick added the contract could later become a trade chip if Miami pursues another star.

Larsson was set to become a restricted free agent next offseason after starting 54 games last season, averaging 11.4 points and 3.4 assists.

Miami acquired him in a draft-night trade with Houston in 2024, and he's now locked up as the roster shifts with the additions of Giannis Antetokounmpo, Klay Thompson and Tim Hardaway Jr.

$60M · 4yrMIA Larsson

+ 16 reports from 10 outlets

Hoops Rumors · 3 Oct 2026Larsson says $60M Heat extension still feels surreal

Heavy · 20 Sept 2026Larsson's four-year, $60M Heat extension defended amid Jovic comparisons

Sportando · 19 Sept 2026Larsson locks in with Miami on four-year, $60M extension

Heavy · 18 Sept 2026Larsson's $60M extension gives Miami a tradeable trump card

New York Post · 18 Sept 2026Larsson locks up four years in Miami after breakout season

Yahoo Sports · 18 Sept 2026Larsson locks in four-year, $60M extension with Miami

Yahoo Sports · 18 Sept 2026Larsson turns second-round pick into $60M Heat extension

ESPN · 18 Sept 2026Larsson's camp confirms four-year, $60M deal with Miami

Yahoo Sports · 18 Sept 2026Miami locks up Larsson on four-year deal with mutual option

Fadeaway World · 18 Sept 2026Larsson's new Heat deal includes a mutual option for 2030-31