The Miami Heat has secured coach Erik Spoelstra for an additional eight years with a landmark $120 million contract, setting a new coaching record in U.S. and North American sports. Despite this, San Antonio's Gregg Popovich surpasses Spoelstra in yearly earnings.
Popovich extended his contract for five years at $80 million this summer, translating to $16 million annually, whereas Spoelstra's annual earnings will be $15 million—yet, this doesn't seem to deter his enthusiasm.
Interestingly, the NBA's second-highest-paid coach is Monty Williams of the struggling Detroit team, facing a record low of 28 consecutive losses this season. Williams earns $13 million per season, totaling $78.5 million over six years. Following closely is Golden State's Steve Kerr, earning $9.5 million annually.
Spoelstra's journey with Miami began in 1995 as a video editor, eventually becoming an assistant coach in 2001. After seven years in that role, he ascended to head coach in 2008 and has remained on the Heat's sidelines since. Under his leadership, Miami clinched two championships and made five additional playoff finals appearances.
Throughout his career, Spoelstra notched 725 regular-season victories and an additional 109 in the playoffs, securing his place as the fifth-highest in all-time wins.