Congratulations, Sportscoach! Of course!

The Miami Heat have signed head coach Erik Spoelstra to a record-breaking contract extension, securing the franchise's longest-serving coach for even more tenures.

According to the newspaper, Spoelstra and the Heat have agreed to an eight-year extension. Associated Pressmeanwhile ESPN's Adrian Wojnarowski reports that the 53-year-old's new contract is worth more than $120 million. And if that whopping amount isn't special enough, it's made even better by the fact that it's the “most dedicated coaching fund in history.” (Related: 'Decision 2.0': Miami Heat already scouts Bronny James, this could be the catalyst for LeBron's return to South Beach)

Overall against Miami, Spoelstra is looking good. 29th season, Meanwhile, he is currently in his 16th year as the Heat's head coach. He started working in the video room and was eventually promoted to scout and then assistant coach. In 2008, Spoelstra was selected by team president Pat Riley to succeed him as head coach.

As skipper, Spoelstra has two NBA championships (three franchise-wide) and six Finals appearances.

Erik Spoelstra's Heat career:

🔥Started as a video coordinator
🔥Former assistant under Pat Riley
🔥Important to Dwyane Wade's ascension
🔥Became HC in the 2008-09 season
🔥Two-time NBA Champion
🔥Top 20 wins of all time

And now the best head coach in the NBA.

Over $120 million! 🔥 pic.twitter.com/SVN2l3y37q

— Matt Hanifan (@mph_824_) January 10, 2024

And shout out to LeBron James for this one…I hope you get back to 305, pimp.

LeBron James congratulates former coach Erik Spoelstra on an 8-year, $120+ million contract extension with the Heat 🔥🤑 pic.twitter.com/DmQsaknqYg

— Clutch Points (@ClutchPoints) January 10, 2024

My sports guy got that bag! And I couldn't be happier for him!

Another championship is here for Trey!