Storyline: Josh Richardson Extension

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The Miami HEAT announced today that they have signed guard Josh Richardson to a multi-year contract extension. Per club policy, terms of the deal were not disclosed. Richardson, who was originally selected by the HEAT in the second round (40th overall) in the 2015 NBA Draft, appeared in 53 games (34 starts) last season with Miami and averaged 10.2 points, 3.2 rebounds, 2.6 assists, 1.13 steals and 30.5 minutes. He outperformed every major statistical category from his rookie campaign and was one of eight HEAT players to average double-figures in points, marking the most for any team in the NBA last season.

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Beginning Thursday, the Heat can offer Richardson a contract up to four years in length and for as much as $43 million in total value, with Richardson having the option of accepting it by the NBA-imposed deadline of the start of the regular season or opting instead, if he chooses, to become a restricted free agent next summer, with Miami having the right the exceed the cap to keep him. The Heat is expected to discuss an extension with him, and my impression is that Richardson will at least consider it, though a strong case could be made for gambling on himself and waiting for restricted free agency next summer.
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