Sources: Heat, Wiggins reach 3-year, $64M deal

Ohm YoungmisukJun 29, 2026, 12:51 PM ET

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Ohm Youngmisuk has covered the Giants, Jets and the NFL since 2006. Prior to that, he covered the Nets, Knicks and the NBA for nearly a decade. He joined ESPNNewYork.com after working at the New York Daily News for almost 12 years and is a graduate of Michigan State University.

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Miami Heat forward Andrew Wiggins intends to sign a three-year, $64 million contract to stay with the franchise, sources told ESPN's Shams Charania on Monday.

The deal includes a player option in the third season, sources said.

Wiggins picked up his $30.2 million player option for the 2026-27 season as part of the agreement. Heat executives and Wiggins' agents at CAA Sports, Steven Heumann and Andrew Morrison, as well as Richard Clarke, came to terms on the new contract.

Wiggins, the first overall pick in the 2014 draft, gives the Heat a much-needed key starter on a revamped squad following the agreed-to trade for Giannis Antetokounmpo. He is a 6-foot-6 two-way forward who can score and shoot from the perimeter.

The 31-year-old averaged 15.4 points per game while shooting 47.5% from the field and 41.4% from 3 in his first full season with the Heat following his arrival on a trade deadline deal with the Golden State Warriors in February 2025.

Miami will send Tyler Herro, Kel'el Ware, Jaime Jaquez Jr., Kasparas Jakucionis, three first-round picks, a pick swap and a second-round pick to Milwaukee for Antetokounmpo and Bobby Portis.

Norman Powell, who became a first-time All-Star and averaged 21.7 points per game last season for the Heat, is an unrestricted free agent.