Josh Richardson has agreed to a 4-year, $42-million contract extension with the Miami Heat, which includes a player option on the fourth year.
ESPN’s Adrian Wojnarowski broke the news late Wednesday after “Richardson's agents with BDA Sports, Bill Duffy and Erik Kabe, finalized several weeks of talks with Heat officials.”
Richardson is an integral member of the Heat’s young nucleus after being drafted 40th overall in the second round of the 2015 NBA Draft with his versatility, defense and outside shooting but has also been plagued with injuries and inconsistency. He averaged 10.2 points, 3.2 rebounds and 2.6 assists last season in 53 games.
Retaining the 24-year-old guard was one of the Heat’s priorities entering the NBA season instead of allowing him to enter restricted free agency next summer. Miami will now be committing $19 million to Tyler Johnson in addition to Richardson’s $10 million beginning next season. Johnson will make $5.8 million and Richardson $1.4 million during the 2017-18 season.