Forward Andrew Wiggins agreed to a three-year, $64 million contract extension with the Miami Heat on June 29, 2026.
The deal provides the franchise financial flexibility to construct its roster around newly acquired star Giannis Antetokounmpo.
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Contract Details
According to reports from ESPN and The Stein Line, Wiggins exercised his $30.17 million player option for the 2026-27 season.
He then signed a two-year extension worth approximately $34 million.
The reworked agreement lowers his immediate annual cap hit, creating roughly $10 million in additional breathing room for the organization this summer.
As reported by The South Florida Sun Sentinel, Wiggins will earn about $16.5 million in the 2027-28 season and $17.5 million in the 2028-29 season.
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The final year contains a player option.
This structural adjustment leaves Miami approximately $20.5 million under the first-apron hard cap to fill at least five remaining open roster spots.
Player Performance
The 31-year-old forward averaged 15.4 points, 4.8 rebounds, and 2.7 assists per game during the 2025-26 regular season while shooting 41.4 percent from the three-point line.
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The Heat originally acquired the former 2014 number one overall pick from the Golden State Warriors during the 2024-25 trade deadline package centered on Jimmy Butler.
