Josh Richardson Unlikely To Sign Extension With Heat

Josh Richardson of the Miami Heat goes to the basket against Jonathon Simmons of the San Antonio Spurs in the fourth quarter of a preseason game on Monday, October 12, 2015 at the AmericanAirlines Arena in Miami. Hector Gabino

The Miami Heat are preparing to offer guard Josh Richardson a contract extension in the coming days as the team is focused on keeping Richardson in the fold long-term.

Richardson, according to Miami Herald’s Barry Jackson, will strongly consider signing it, but noted that there is a strong case to be made for Richardson to not sign it.

“Beginning Thursday, the Heat can offer Richardson a contract up to four years in length and for as much as $43 million in total value, with Richardson having the option of accepting it by the NBA-imposed deadline of the start of the regular season or opting instead, if he chooses, to become a restricted free agent next summer, with Miami having the right the exceed the cap to keep him.

The Heat is expected to discuss an extension with him, and my impression is that Richardson will at least consider it, though a strong case could be made for gambling on himself and waiting for restricted free agency next summer.”

Jackson’s report noted that the team’s best chance of getting Richardson to commit is by offering a 3-year deal topping $30 million with a 3rd-year player option.

If Richardson rejects the deal than the Heat have another year to evaluate and asset that could be shopped on the trade market or kept by the team by matching an offer next summer.