Miami Heat, Josh Richardson agree to 4-year, $42 million extension

Ruben Hill
September 14, 2017

The Heat have put on a building block based around youth and guts, making this a no-brainer move by the team's front office, locking down a prototypical three-and-D player that can play multiple positions.

Now the Miami Heat are prepared to lock up Richardson with a multi-year extension. The deal, which has yet to be signed, includes a player option for the fourth year.

With 10 contracts listed for the 2018-19 season, the Heat can pay a couple extra million dollars if Waiters plays 70 or more games and center Kelly Olynyk plays 1,700 minutes or more during the season, triggering their individual bonuses. On Wednesday it was reported by ESPN's Adrian Wojnarowski that the Heat and Richardson are close to finalizing a four-year contract extension worth $42 million.

Richardson averaged 10.2 points, 3.2 rebounds, and 2.6 assists per game last season.

Richardson, who turns 24 Friday, became eligible for an extension last month. He was the No. 40 overall pick by Miami in the 2015 National Basketball Association draft after a four-year career at Tennessee.

After emerging late in his rookie season, Richardson had a tough second season in 2016-17 because of injuries.

Considering that Josh Richardson is very young, yet very good, this could be a steal for the Heat. Richardson appeared in 53 games of his sophomore season, starting in 34 of them.

Richardson is entering his third season with the Heat.

Following the season, Heat coach Erik Spoelstra said one of the most disappointing things of last season was not being able to see Richardson build on the strong finish to his rookie season.

Other reports by Click Lancashire

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