The Miami Heat and guard Pelle Larsson have agreed to a four-year, $60 million extension, his agents Austin Brown and Steven Heumann told ESPN's Shams Charania. Larsson will earn $2.3 million this season after Miami exercised its team option on his contract in June.
The former Arizona guard has improved in each of his first two seasons with the Heat. One outlet reported that the deal includes a mutual option for the 2030-31 season, though this detail was not confirmed across all reporting. Had the Heat not extended him, Larsson would have been set for restricted free agency.