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Guard Josh Richardson, who impressed the Heat during summer league, agreed to a three-year, $2.5 million contract Tuesday with the Heat. He will assuredly be on Miami’s roster this season; Miami loves his upside as a defender and a combo guard. Richardson will earn the rookie minimum $525,093 this season; that money is guaranteed. The second year of the contract, worth $874,636, is partially guaranteed. The third year is likely going to be a team option at $1.1 million, though the exact structuring of it was still being worked on.
via Miami Herald
His agent, Scott Nichols, explained it thusly: “The decision was made because while we could have waited until August 1, James and I are traveling to Australia to do some basketball clinics and promotional work and we didn’t want to have this looming over our heads while we are here. Also for James he didn’t come to the Heat to just make the team and get a partial guarantee. “He is fully confident like he was last year that he will come to training camp ready to make a bigger impact this year and help the Heat win. He expects not only to be on the Heat opening night but to be a big part of the rotation.
via Miami Herald