MIAMI — Miami Heat guard Pelle Larsson has agreed to a four-year, $60 million contract extension that includes a mutual option for the 2030-31 season, according to ESPN's Shams Charania. The deal has not been confirmed by the Heat and would keep the 25-year-old Swede from reaching restricted free agency next offseason.
Larsson represents the latest find for Miami's player development program. The Heat acquired him in the 2024 NBA Draft via a trade with the Houston Rockets, who officially selected him with the 44th overall pick. He spent much of his rookie season on the bench, averaging 5.6 points in 14.2 minutes per game across 55 appearances.
His role expanded sharply last season. Larsson started 54 of his 70 appearances while averaging 11.4 points per game for a Miami team that fell in the NBA play-in tournament. The jump from reserve to regular starter turned the former relative unknown into a core rotation piece.
The extension follows a transformative offseason in Miami. The Heat completed a blockbuster trade for Giannis Antetokounmpo and added veteran guard help with Klay Thompson and Tim Hardaway Jr., while subtracting top scorers Tyler Herro and Norman Powell. Larsson's role could change again within the reconfigured backcourt.