Report: Heat lock up Spoelstra to long-term extension
Financial terms are unknown, though the length of the extension is four years, a source confirmed to Ira Winderman of the South Florida Sun Sentinel. Spoelstra was entering the final year of his previous deal but will now be contractually tied to Miami until 2024.
Spoelstra has coached the Heat to two NBA titles and boasts a 523-363 regular-season record (59% win percentage) in 11 seasons. He's one of three head coaches in NBA history to lead a team to four straight Finals appearances, which included back-to-back championships. Spoelstra has been named Eastern Conference Coach of the Month on eight separate occasions.
The 48-year-old has been in charge of the Heat since April 2008 and was an assistant on Pat Riley's coaching staff prior to then. He was handpicked by Riley to succeed him after the Heat president stepped down as coach to focus on his front-office role.
Spoelstra is currently the second-longest tenured coach in the league behind San Antonio Spurs icon Gregg Popovich, who first took charge in December 1996.