After a flurry of moves earlier this week to free up roster spots and lessen their tax burden, the Miami Heat have now reportedly signed their second round pick Josh Richardson to a three year, $2.5 million rookie contract.
The deal, first reported by Shams Charania of Real GM, puts the Heat back up to the 15-player max for a NBA roster during the regular season, with up to 20 players allowed during the offseason.
Richardson's deal is "fully guaranteed for the first season and partially guaranteed the second year", sources told Real GM.
The Heat held a press conference after the NBA Draft to officially introduce Richardson, a rare move for a second round pick, and immediately began selling his Heat jersey at their official store.
Richardson, 22, played well in both the Orlando and Las Vegas Summer League tournaments playing both guard positions, averaging 11.8 points, 2.8 rebounds, 1.7 steals and 1.6 assists in all 10 games.
The 6-foot-6 player was projected by the Heat on their draft board as a first round pick but instead was selected with the No. 40 pick out of Tennessee.
For his thoughts on joining the Heat after the draft, click here.
You can also read an exclusive Hot Hot Hoops interview with Richardson before Summer League began right here.