The Miami Heat and head coach Erik Spoelstra have agreed to an eight-year extension worth more than $100 million, making Spoelstra one of the highest-paid coaches in the NBA.

The 53-year-old Spoelstra holds a 725-506 regular-season record in 16 years as head coach of the Heat. He won two NBA Finals (in 2012 and 2013) and six Eastern Conference championships during that tenure, including last postseason’s run to the NBA Finals. He stands as the winningest head coach in franchise history, tallying 725 regular-season wins and 109 playoff victories. His 109 career playoff victories rank No. 5 all-time.

Spoelstra finished inside the Top 5 for NBA Coach of the Year Award four times, and received Coach of the Month honors nine times. The Heat currently hold a 21-15 record this season and sit in first place in the Eastern Conference’s Southeast Division.

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