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AP: Spoelstra, Heat agree on largest contract ever for NBA coach

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 team records for many years to come.

Spoelstra signed an eight-year extension worth around $120 million — 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.

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