Miami Heat, Erik Spoelstra agree to record-breaking contract extension

• The coach agreed to an eight-year, $120m deal
• Spoelstra is in his 29th overall season with the franchise

Erik Spoelstra and the Miami Heat have agreed on a contract extension, ensuring that the longest-tenured coach in franchise history only keeps adding to his record for years to come.

Spoelstra signed an eight-year extension worth around $120m - the largest contract in NBA history in terms of total value for a coach - according to a person with knowledge of the agreement who spoke Tuesday to The Associated Press on condition of anonymity because the terms were not revealed publicly.