Miami Heat guard Pelle Larsson has agreed to a four-year, $60 million contract extension, with his agents at CAA Sports confirming the terms to ESPN on Friday. The 25-year-old, selected in the second round of the 2024 draft, averaged 11.4 points, 3.5 rebounds and 3.4 assists in 70 games, including 54 starts, for Miami in 2025-26. Larsson has recorded 8.4 points, 2.7 rebounds and 2.4 assists across 125 career games, with 62 starts, since Miami acquired him from the Houston Rockets in a draft-night deal on June 27, 2024.