The Miami Heat agreed to a four-year extension with guard Pelle Larsson worth $60 million, his agents confirmed to ESPN's Shams Charania.
The contract will include a mutual option for the final season in 2030-31.
Larsson, a second-round pick in 2024, averaged 11.4 points, 3.5 rebounds, and 3.4 assists with the Heat last season while starting in 54 of 70 appearances. As a rookie, the Swedish wing managed 4.6 points per contest in 55 games (eight starts).
The 25-year-old was set to become a restricted free agent next summer after the Heat exercised a $2.3-million team option for 2026-27. He will earn a guaranteed $13.5 million in 2027-28 when his new deal begins, according to Anthony Chiang of the Miami Herald.
