Heat forward Andrew Wiggins will pick up his $30.2 million player option and sign a two-year, $34 million extension with Miami, multiple outlets reported Monday.
The deal includes a player option for the third season in 2028-29, according to ESPN.
Wiggins, 31 is agreeing to a sizable pay cut with the extension — a projected $16.5 million salary in 2027-28 and $17.5 million in 2028-29 — to give the Heat more flexibility to build around new franchise cornerstone Giannis Antetokounmpo, per the Miami Herald.
Wiggins averaged 15.4 points, 4.8 rebounds and 2.7 assists in 68 games (all starts) in his first full season with Miami in 2025-26. He shot a career-best 41.4% from 3-point distance.
The No. 1 overall pick in the 2014 NBA Draft, Wiggins was the 2014-15 NBA Rookie of the Year with Minnesota. He made his lone All-Star team and won an NBA championship with Golden State in 2021-22.
Wiggins has averaged 18.2 points, 4.5 rebounds and 2.3 assists in 834 career games (822 starts) for the Timberwolves (2014-20), Warriors (2020-25) and Heat.
