Heat rumors: Miami expected to make extension offer to Josh Richardson
According to Barry Jackson of the Miami Herald, the Heat are expected to offer Richardson a long-term extension at some point this offseason:
Guard Josh Richardson became eligible for a contract extension on Thursday, and the Heat privately has expressed interest in offering him one, according to a league source.
The Heat, as of Thursday afternoon, had not made an offer, but one is expected in the coming weeks, the league source said.
Although the Heat have yet to officially present Richardson with an extension through his first few days of eligibility, things could quickly change on that front. Miami could provide him with an offer that extends up to four years worth around $41 million.
However, if an extension were not to be hammered out this summer, Richardson would become a restricted free agent next offseason with Miami holding his Bird rights, which allows the front office to exceed the salary cap to keep him under contract.
Richardson saw some continued improvement in his second NBA season by averaging a career-high 10.2 points despite his shooting numbers dropping as he hit just 39.4 from the field and 33.0 percent from three-point range. He also hit a career-high 75 three-pointers while scoring in double figures 28 times last season.