Miami Heat Waited Until After The Divorce Proceedings To Give Erik Spoelstra His Huge 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.
“Lol. I’m going to address this comment NOT as it pertains to my personal life choices but as it relates to a general thought process that I believe a lot of people have. And that a lot of people have harassed me with over the years,”
No matter what, it is highly unlikely that the timing of the announcement, which occurred just a few weeks after the finalization of his divorce, is a mere coincidence. Although the specifics of the settlement have not been disclosed to the public, it remains uncertain whether Spoelstra’s ex-wife will be entitled to any portion of his substantial earnings from his new lucrative contract.