The contract extension will keep him with the Heat through the 2024-2025 season, but the financial details were not released at the time of the announcement. The 2019-2020 campaign will be his 12th with the franchise, as they are set to open training camp on Tuesday. He does have four NBA Finals appearances and two rings under his belt, all of which came with James, Dwayne Wade, and Chris Bosh.
Spoelstra also sits with a .590 winning percentage, including a .602 winning percentage in the playoffs, as the Heat's head man, as he took over for Pat Riley, who is now higher up within the organization. The 48-year-old did miss the playoffs a season ago with the Heat, which was the farewell season for Wade. He will now be coaching a new star of Miami in Jimmy Butler, whom they brought in from the Philadelphia 76ers this past off-season. He is predicted to be enough to get the Heat back in to the eight-team playoff fold in the Eastern Conference.