Swedish wing Pelle Larsson has agreed to a four-year, $60MM extension with the Heat, agents Austin Brown and Steven Heumann tell Shams Charania of ESPN (Twitter link).

Larsson will earn $2.3MM this season after Miami exercised its team option on his contract in June. He would have been on track for restricted free agency in 2027, but instead will sign a four-year extension that features a mutual option — both a player and a team option — for the 2030/31 season, per Charania.

More to come…