The Miami Heat secure a foundational shotmaker, locking down the versatile Swedish guard with a significant extension following a breakout season and dominant showing in the FIBA World Cup qualifiers.
MIAMI, Fla. – Ahead of training camp and the 2026-27 season, the Miami Heat are reportedly signing Pelle Larsson to a four-year, $60 million contract extension, which includes a mutual option for the 2030-31 season.
Austin Brown and Steven Heumann of Creative Artists Agency represents the 25-year-old guard.
Larsson is coming off a productive season, averaging 11.4 points on 49.6 percent shooting, 3.5 rebounds, and 3.4 assists in 70 games (54 starts). The new contract, which kicks in for the 2027-28 season, will reportedly start at $13.5 million. The Heat initially picked up Larsson’s $2.3 million player option for the upcoming league year.
In just his second season in the league, the Swedish native proved to be an impactful rotational player. Other than the offensive stats, Larsson can defend guards and forwards and is most effective moving without the ball. When needed, he can create a shot for himself. Larsson primarily operates inside the arc, but is capable of knocking it down from long range. In back-to-back seasons, he’s shot over 30 percent from behind the arc.
Larsson had a remarkable stint in the FIBA Basketball World Cup 2027 European Qualifiers. He led the tournament by averaging 26 points in four matches. Larsson shot 42.9 percent from the field, along with grabbing 2.5 rebounds and dishing 1.5 assists. In back-to-back matches against Slovenia and Finland, Larsson scored 31 points each.
The Heat successfully prevented the former second-round pick from entering restricted free agency next summer. Larsson has emerged as a foundational piece for the franchise. After the Heat gave up four players ages 26 or younger and draft assets in exchange for Giannis Antetokounmpo, another jump in production is expected.
Larsson is projected to play in a reserve role, but earn significant minutes. He’s been mentioned in early conversations for the Sixth Man of the Year Award. However, Larsson could make history by winning that and Most Improved Player in the same season. Darrell Armstrong was the last to accomplish this in 1998-99 with the Orlando Magic.
The Heat have a history of finding diamonds in the rough. Duncan Robinson, Max Strus, Gabe Vincent, Caleb Martin, and Haywood Highsmith are other recent examples. Larsson is another piece added to the Heat’s rich portfolio. As he continues to improve, the more of an impact he will deliver on the court.
Larsson has exceeded draft expectations and it’s only the beginning of a promising career.
Anthony Aguirre covers the Miami Hurricanes and Miami Heat for Roundtable Sports. Contact info for tips/info: [email protected] & 305-987-3290 | Follow on Instagram/X: @AnthonyA_Sports
