Key Points
- Andrew Wiggins and the Miami Heat agreed to a three-year, $64 million contract
- The deal is an opt-in-and-extend: Wiggins picked up his $30.2 million 2026-27 option
- The two added years pay about $17 million annually within the $64 million total
- The contract includes a player option on the third season
Andrew Wiggins is staying in Miami, and the structure of the deal does as much for the Heat as the money does for him. Wiggins agreed to a three-year, $64 million contract to remain with the franchise, sources told ESPN's Shams Charania on Monday — a deal built as an opt-in-and-extend that keeps him paid now while lowering his number later.
The mechanics: Wiggins exercised his $30.2 million player option for the 2026-27 season as the first year of the three-year, $64 million deal. He collects that $30.2 million next season; the two added years pay roughly $34 million combined — about $17 million a year — with a player option on the third. His CAA agents and Heat executives finalized the terms.
For Miami, that descending structure is the point. Banking Wiggins at $17 million a year beyond next season gives the Heat room to build around Giannis Antetokounmpo without paying a complementary wing top-of-market money. It is the quieter side of a free-agency window that has otherwise been defined by big swings — the Lakers handing Austin Reaves a $185 million max and Golden State's Draymond Green declining his option to chase flexibility. Wiggins did the inverse of Green, opting in to secure his guarantee and reshaping the back end to keep a contender's books clean. That reshaping around Giannis carried its own turbulence, as the aftermath of the Herro trade later spilled off the court into a reported Las Vegas altercation between Adebayo and Herro.
Source: ESPN, NBA.com, NBC Sports
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