HOT: The Miami Heat waited until Erik Spoelstra was finished with his divorce proceedings to give him the $120M contract extension

Information reaching Kossyderrickent has it that The Miami Heat waited until Erik Spoelstra was finished with his divorce proceedings to give him the $120 mil contract extension.

Just like in the real world, divorces are not uncommon in the world of professional sports, with the difference being it often involving substantial financial assets.

However, the recent divorce of Miami Heat head coach Erik Spoelstra stands out for its unique approach to protecting his future earnings. Spoelstra, who recently signed an eight-year, $120 million contract extension with the Heat, reportedly structured the timing of the extension in a way that shields the majority of his future earnings from his ex-wife.

The extension’s specifics expectedly prompted people on social media to initiate interference with Nikki Spoelstra, Spoelstra’s ex-wife. However, rather than staying quiet, she addressed one of the online harassers through her Instagram story.

The Miami Heat are certainly getting their money’s worth with the contract extension they’ve served up to Erik Spoelstra.

Having worked his way up the ranks from the humble position of video coordinator back in 1995 to a two-time NBA champion (2012, 2013) who’s reached the NBA Finals six times to date, these days, Coach Spo is one of the most respected and successful coaches in professional basketball.