Spoelstra, who has been in charge of the Heat since 2008, is a two-time NBA champion and widely recognized as one of the best to grace the game, so such figures won’t come as a surprise.
The contract is said to be worth a whopping $120m and will stretch the 53-year-old’s stint with the Florida franchise beyond two decades.
NBA icon LeBron James gave his approval to his new contract and claimed Spoelstra was worth ‘every single cent’ of the investment.
The timing of the announcement, a matter of weeks after his divorce was finalized, is surely no coincidence. While details of the settlement has not been made public, it remains to be seen whether Spoelstra‘s ex-wife will have any right to claiming earnings from his new mega contract.
Spoelstra and his former cheerleader wife Nikki, 36, split in November 2023 after seven years of marriage, confirming they had made a “joint” decision to file for divorce.
“We have made the difficult yet amicable decision to jointly file to formally end our marriage,” the pair told the Miami Herald in a joint statement.
“We are both grateful for our relationship and remain fully committed to co-parenting our children and continuing to make them our shared priority.
We appreciate everyone’s support as we move to the next stage of our lives and thank you for respecting our family’s privacy.”
After being accused by online trolls of ‘fumbling the bag’, Nikki took to Instagram to hit out at those commenting about the details of their break-up and said “according to crass, ignorant, uninformed society at large, women can’t win”.
