Heat's Tyler Herro Not Eligible for Supermax Contract After Missing All-NBA Teams

All-NBA First, Second and Third Teams were announced on Sunday, and that recognition carries financial implications.

For a few players, it means they'll now be eligible for a supermax contract since they made the list. For a handful of players, missing out on All-NBA means they won't have the chance to negotiate a supermax deal.

Miami Heat guard Tyler Herro is one of those players. Herro would have been eligible for a supermax contract had he made an All-NBA Team.

Herro put up solid numbers, averaging 20.5 points, 4.8 rebounds and 4.1 assists per game, but he fell well short of the league's 65-game threshold to be eligible for postseason awards, playing just 33 games.

To meet the requirements for a supermax contract, players must either make All-NBA First, Second or Third team, win Defensive Player of the Year or take home MVP.

Oklahoma City Thunder star Chet Holmgren did make an All-NBA team, but his extension did not include All-NBA escalators, so his contract will stay at 25 percent of the cap.

Detroit Pistons forward Jalen Duren is now eligible for a max contract since he made All-NBA Third Team. He will be able to negotiate up to 30 percent of the cap.

Tyrese Maxey made All-NBA Third Team as well, but he will have to make an All-NBA team again next season in order to be supermax eligible.