18 July 2024

The Miami Heat are committing to head coach Erik Spoelstra for the long term.

The Heat are signing Spoelstra to an eight-year, $120 million contract extension, according to ESPN’s Adrian Wojnarowski. The $120 million total is the largest deal for a coach in North American sports history.

Spoelstra will earn $15 million annually, which will make him among the highest-paid coaches in sports on an annual basis. Only San Antonio Spurs head coach Gregg Popovich — who earns $19 million annually — earns more than Spoelstra in the NBA. As far as NFL coaches are concerned, only Bill Belichick ($25 million per year) and Sean Payton ($18 million per year) earn more than Spoelstra, with Seattle Seahawks head coach Pete Carroll tying Spoelstra at $15 million per year, according to Sportico’s Kurt Badenhausen.

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