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Miami Heat, Josh Richardson to begin discussing contract extension

Josh Richardson

Miami Heat guard Josh Richardson exploded onto the NBA scene seemingly out of nowhere. The Heat picked Richardson up with the 40th overall selection in the 2015 NBA Draft. His first season was not that impressive, backing up Heat legend Dwyane Wade. However, he was promoted to a starter last season and he played great.

Richardson averaged 10.2 points, 3.2 rebounds and 1.1 steals per game. For a second round selection, he is contributing more than the Heat hoped for.

However, the Heat have Richardson under contract for only this season. With how good he’s been, they might not let him hit restricted free agency and allow a team to offer him more than he might be worth. Due to this, the franchise is planning, according to Barry Jackson from the Miami Herald, to begin talks about a possible contract extension.

The Heat could offer him up to four years, and up to $43 million. If they decide to wait for next summer, Richardson will have full Bird rights. That also means that he will hit restricted free agency, and if a team decides to overpay him, the Heat might be forced to match and thus enter the luxury tax, something they are trying to avoid at all costs.

According to Jackson, the best value for both sides might be a three-year, $30 million. That possible deal would be with a player option for the third year.