Josh Richardson

Heat Sign Josh Richardson To Four-Year Extension

SEPTEMBER 18, 1:23pm: The signing is official, the team announced on its website.

SEPTEMBER 13, 5pm: The Heat are finalizing a four-year contract extension with Josh Richardson, according to ESPN’s Adrian Wojnarowski (Twitter link), who reports that the deal will be worth $42MM. While Richardson was a second-round pick in 2015 and wasn’t eligible for a rookie scale extension this offseason, the league’s new CBA made him eligible for a veteran extension until opening night.JoshRichardson vertical

According to Barry Jackson of The Miami Herald (Twitter link), Richardson’s agents met with Heat president Pat Riley about two weeks ago and the team expressed a willingness to give Richardson the maximum offer. Under the terms of the CBA, that max amount would mean a starting salary of 120% of the estimated annual salary.

Richardson’s new deal will go into effect for the 2018/19 season and would run through 2022 if he plays out the entire contract. However, the final year of the extension, for the 2021/22 campaign, is a player option, according to Jackson, who provides a year-by-year breakdown of the pact (Twitter links).

Richardson’s cap for 2017/18 won’t be impacted by the new deal — he remains on track to earn the minimum $1,471,382 this season. However, as ESPN’s Bobby Marks (ESPN Now link) details, the Heat now project to sit roughly $5.5MM below the tax with $117.5MM on the books for 2018/19. That figure could increase to approximately $119.6MM if Dion Waiters and Kelly Olynyk hit games-played bonuses in their respective contracts, according to Marks.

Richardson broke out as a rookie, evidenced by his 46.1% mark from behind the arc. He slumped as a sophomore though, in part because of ankle injuries. In 105 career games with the franchise to date, the shooting guard has scored 8.4 points per game and nearly averaged a steal per contest.

Sources tell Jackson that Richardson will be given the opportunity to compete with Justise Winslow and Rodney McGruder for the Heat’s starting small forward job this fall.

Photo courtesy of USA Today Sports Images

Southeast Notes: Howard, Richardson, Oubre, Spoelstra

Dwight Howard will suit up for his fifth team in seven seasons as he prepares for a new start with the Hornets. The 31-year-old has been an effective player, when healthy, but has regressed from the player that was an MVP candidate in Orlando.

Rick Bonnell of The Charlotte Observer writes Howard views his opportunity with the Hornets as a chance to reestablish himself. Under the guidance of his former and current coach Steve Clifford, Howard feels he can prove doubters wrong and prove to himself he can still be a productive player.

“This opportunity for myself to really get back everything that I would say has been taken away. I’m not too much worried about the naysayers, the rankings and stuff, but just the hearts of the people,” Howard said. “I’m in a much better place mentally, physically and spiritually than I have been in a couple of years.

Despite the downward trend in recent years, Howard posted 13.5 PPG and 12.7 RPG while scoring from the floor at a 63% clip last season in Atlanta. Charlotte has a need for defense and that is one part of Howard’s game that remains a threat.

Read more news around the Southeast Division below:
  • In a separate column, Bonnell writes that the Hornets did not have much financial flexibility to acquire a premier backup point guard after acquiring Howard. That led to the signings of Michael Carter-Williams and Julyan Stone; one player who has not done much since winning Rookie of the Year and the other hasn’t played in the NBA since 2014.
  • In his latest Ask Ira column, Ira Winderman of the Sun Sentinel writes that Josh Richardsons four-year, $42MM contract extension is a worthwhile investment for the Heat. While he may not consistently crack the starting lineup, Richardson will be a key part of the team’s core going forward, Winderman adds.
  • Heat coach Erik Spoelstra and Rockets coach Mike D’Antoni shared the honors of the new Michael H. Goldberg NBCA Coach of the Year Award, NBA.com’s Steve Aschburner writes.
  • Chase Hughes of CSN Mid Atlantic writes that Kelly Oubre, after a productive sophomore season in Washington, will be one of the team’s most vital players. Hughes notes that Oubre is the “most athletic player and best wing defender” on the Wizards‘ bench and will need to be consistent in that role to help the team.

Heat Notes: Richardson, Olynyk, Ellington

A pair of Heat forwards who spent much of the 2016/17 campaign on the sidelines will be competing hard for a starting role, Barry Jackson of the Miami Herald writes. Expect Josh Richardson to put up a fight for a shot at the three, while Dion Waiters fills in at shooting guard.

Of course Richardson’s path on the depth chart is blocked by Justise Winslow, another individual expected to compete like crazy for the role, and to an extent, Rodney McGruder.

Last season Richardson averaged 10.2 points per game while Winslow added 10.9 of his own. In addition to modest offense both players provide length and versatility.

Wherever [Erik Spoelstra] wants to take this positionless game, it can be real small, with him playing five on down to three point guards with Justise at four [or three bigs],” team president Pat Riley said.

There’s more out of Miami this evening:

  • A Boston beat writer isn’t all that impressed with some of the contracts on Miami’s payroll but A. Sherrod Blakely of CSN New England does add that the addition of sharpshooting Kelly Olynyk could bode well for the Heat considering Hassan Whiteside‘s lack of an outside game.
  • The Heat have gotten flak from fans for taking Justise Winslow ahead of Devin Booker in the 2015 NBA Draft but Ira Winderman of the Sun Sentinel reminds readers that there isn’t much point to looking back on such situations in hindsight, especially considering the club had Dwyane Wade and Chris Bosh on board at the time as well.
  • The Heat were fortunate to have Wayne Ellington step up and play a significant part in their turnaround last season but the forward could see his role decrease slightly considering that Josh Richardson and Justise Winslow are expected to be back at full health, Ira Winderman of the Sun Sentinel writes.

Southeast Notes: Richardson, Wizards, Babbit

The contract extension that 2015 second-round pick Josh Richardson is eligible for with the Heat would value him similarly to NBA role players Matthew Dellavedova and Cristiano Felicio, Ira Winderman of the Sun-Sentinel writes.

Considering that Richardson is an established high character rotation piece already familiar with the Heat’s system, such an investment wouldn’t exactly be excessive.

Through two seasons with the Heat, Richardson has averaged 8.4 points on .374 shooting from beyond the arc. His length and ability to contribute on the defensive end make him one of the team’s most well-rounded assets.

As we wrote earlier this week, Richardson may be wise to wait until the June 2018 deadline before making his decision. If he doesn’t accept the four-year, $42MM extension with the Heat he’ll be a restricted free agent come July 1, 2018.

There’s more from the Southeast Division:

 

Southeast Notes: Richardson, Johnson, Wall, G League

The Heat should try to get Josh Richardson to sign an extension as soon as possible, contends Ira Winderman of The Sun-Sentinel. After two NBA seasons, the former second-round pick is eligible for an extension up to four years and $42MM that would take effect with the 2018/19 season.  Even at the full price, Richardson’s starting salary that year will be $9.4MM, which could be a bargain for someone who has been a contributor when he’s been healthy.

The deadline for an extension doesn’t come until June 30th, and Winderman thinks Richardson might be wise to wait. If there’s no agreement, he will become a restricted free agent in July, with the Heat having the right to match any offer. The team will also have full Bird Rights, which would eliminate the possibility of a backloaded contract like the one the Nets offered Tyler Johnson. Winderman also notes that Miami will send two of its next four first-rounders to Phoenix in the Goran Dragic trade, so it can’t afford to lose a young talent like Richardson.

There’s more from the Southeast Division:

  • With their current cap status, the Heat have little reason to try to move Johnson’s contract before it balloons in 2018/19, Winderman adds in a question-and-answer column. Johnson will make close to $5.9MM for the upcoming season, then nearly $19.25MM in each of the next two years. It’s a provision that Brooklyn threw into its offer sheet in an attempt to discourage the Heat from matching, and it was eliminated in the new collective-bargaining agreement. Winderman states that if Miami is successful with its current mix of players, the team will continue to operate over the cap and Johnson’s escalation won’t really matter.
  • With a supermax contract in hand, Wizards star John Wall has outlined several goals for the rest of his career, relays Chase Hughes of CSNMidAtlantic. At a press conference Friday to officially announce the new deal, Wall said he wants to win a championship in Washington and become the fifth player in franchise history to have his number retired. “We definitely have a lot of unfinished business,” Wall told reporters. “I want to bring a championship here, so we’re going to keep striving to get that. I’m not going to stop until we get there. That’s why I wanted to come back to this city.”
  • The Hawks are adopting a radical approach as they take over the G League franchise in Erie, Pa., writes Chris Reichert of 2 Ways and 10 Days. Instead of finding people with G League experience to run the team, they appointed Malik Rose as general manager and last week hired longtime NBA assistant Josh Longstaff as the head coach. Because Orlando pulled its G-League team out of Erie and took its returning player rights, the Bayhawks will be part of the expansion draft August 23rd.

Heat Expected To Offer Extension To Josh Richardson

Miami is expected to make an extension offer to Josh Richardson in the upcoming weeks, Barry Jackson of the Miami Herald reports. Today is the first day Richardson is eligible to sign an extension.

Jackson adds that Richardson, who will turn 24 next month, is expected to consider signing an extension, but the terms will ultimately dictate whether or not he puts pen to paper. The team can give him as many as four years and upwards of $41MM in an offer, though the monetary amount could be slightly higher depending on the salary cap calculation next season.

The shooting guard will become a restricted free agent next summer should he decide to play out his current deal. Miami will have the right to match any offer and as we’ve seen over the last several offseasons, the restricted free agent market can dry up for those who are not at the top of the class. Several RFAs such as Nerlens Noel, Mason Plumlee, and Nikola Mirotic remain unsigned this offseason while the majority of teams have used up their available cap space.

Although Richardson isn’t a star, he’s been a valuable contributor on the Heat when healthy. He played in 53 games for the club last season, posting averages of 10.2 points and 1.1 steals per contest. He was spectacular as a rookie from behind the arc, making 46.1% of his attempts—a figure which bested all rookies that season. However, he came back down to earth last year, knocking down just 33.0% of his shots from downtown.

Heat Notes: Richardson, Clark, Rose, Winslow

Starting Thursday, the Heat will be able to offer a contract extension to third-year guard Josh Richardson, writes Barry Jackson of The Miami Herald. The offer can be as much as $43MM over four years, and Richardson would have until the start of the regular season to accept it. If he doesn’t, he will become a restricted free agent next summer.

Richardson has been valuable when he’s been in the lineup, but he was limited to 53 games last year because of injuries. Knee surgery forced him to miss training camp and the first four regular season games, then ankle problems sidelined him in midseason.

Jackson expects the Heat to offer at least $30MM over three years, with a player option for the final season. Given the decline in money going to mid-level free agents this summer, Richardson might find that offer appealing.

Here are some more Heat-related notes, courtesy of Jackson:

  • Miami seems likely to hold onto its $4.3MM mid-level exception for the buyout season. The Heat like former Warrior Ian Clark, who once played for Miami’s summer league team, but he’s looking for $8MM, well out of their price range. There’s also not an obvious role for Clark in an already-crowded backcourt.
  • The Heat also didn’t have playing time to give Derrick Rose, which is why they didn’t try to top Cleveland’s $2.1MM offer. Miami’s front office had interest in Rose, but the team is already committed to Goran Dragic as its starter as point guard.
  • Justise Winslow held a press conference this week and said his injured right shoulder will be fully healed by training camp. The second-year forward played just 18 games last year and had season-ending surgery in early January.
  • Free agent big man Luke Babbitt, who was acquired from the Pelicans in a trade last summer, is examining his options for next season. He made $1.227MM last year.
  • Willie Reed probably wouldn’t have opted out of his contract with the Heat if he knew he wouldn’t be getting a raise. The 27-year-old center agreed to a minimum-salary deal with the Clippers worth $1.5MM for one year, roughly the same amount he would have gotten in Miami. Reed said L.A. wants him to provide a defensive presence as a backup to DeAndre Jordan. “I felt like it was a comfortable position and it was kind of similar to the role that I played in Miami,” Reed said, “so it wouldn’t be difficult for me to adjust.”

Pat Riley Talks Offseason, Haslem, Babbitt, More

After an eventful week of free agency, Heat president Pat Riley spoke to local reporters and addressed a handful of subject related to his team and the offseason so far. Barry Jackson of The Miami Herald passed along the highlights of that session, so let’s dive in and round up some of Riley’s most notable observations and comments…

  • Riley called the Heat’s pursuit of Gordon Hayward a “no-brainer” even though it didn’t ultimately work out. “The fact Gordon had an interest in us, we felt a need to pursue that but not at the risk of [not] negotiating hard with our own free agents,” Riley said.
  • The Heat went hard after Kelly Olynyk because the team viewed a stretch four or five as one type of player the roster was lacking. Riley also suggested that Olynyk “sets probably the best screens in the NBA” and is an ideal fit alongside Hassan Whiteside or Bam Adebayo.
  • The Heat have used “every last dollar” of the salary cap, but still have the $4.3MM room exception. Still, Riley doesn’t expect the team to use that exception right away. “We have 10 guys that we really like, 11 guys or 12 who will be fighting for rotation minutes,” Riley said. “I’m going to add another room mid level guy who is going to be fighting for 10 minutes? … If something pops up that’s really good, we’ll think about using it.”
  • Asked if the Heat need to add a backup point guard, Riley replied, “Absolutely not.” The Heat president pointed to Tyler Johnson, Justise Winslow, and Josh Richardson as possible ball-handlers.
  • Miami wants to re-sign Udonis Haslem and is “still talking” to Luke Babbitt. However, Willie Reed is unlikely to return, per Riley.
  • When it came to the Josh McRoberts trade, A.J. Hammons wasn’t just a throw-in for the Heat — Riley likes what he brings to the table. “He’s the kind of player that fits that mold of a stretch five or four,” Riley said. “We remember him from Purdue. That happened very quickly. We made that deal pretty quickly. We already had scouting reports on him.”

Southeast Notes: Richardson, White, Kaba

The Wizards are no closer to landing Paul George than they were a week ago but recent comments from John Wall have resurrected speculation that he could possibly end up in D.C. Per CSN Mid-Atlantic’s J. Michael, there are a number of things that would need to happen for the pipe dream to become a reality, here are just a few:

For starters, the Wizards will have to come to terms with something that all of George’s other suitors have already come to terms with: they would need to build an appealing enough package of young players and assets without any guarantee that they’ll get to re-sign him next summer.

The Wizards would also need Otto Porter to be up for a sign-and-trade, something that would require him to take less money than he’s eligible for, just to pack his bags and move to Indianapolis.

Even if the Wizards did manage to land George and played him alongside Wall and Bradley Beal, however, the organization would be extremely crunched financially for the foreseeable future.

There’s more from the Southeast Division tonight:

  • Don’t expect the Magic to make a major splash in free agency, Josh Robbins of the Orlando Sentinel writes. The team would need to reel off a series of moves just to clear up space for a major signing and that’s not really their focus at this point in time.
  • Coming off a season in which he averaged career highs, Hawks center Mike Muscala is experiencing unrestricted free agency for the first time. He spoke with Jerry Zgoda of the Star-Tribune about the process. “It’s crazy how basketball can change from high school to college to the NBA and what you work on, what you’re compensated for,” he said, referring to his coveted skill set as a three-point shooting big man. “I’ve found if you do things the right way — if you play the right way, if you work on your game, if you’re a good teammate — you’ll be rewarded for it.”
  • The Heat will retain Okaro White and Josh Richardson, thus guaranteeing their contracts (or in White’s case, partially guaranteeing the deal he signed last season). Ira Winderman of the Sun-Sentinel writes about how Richardson’s $1.5MM for 2017/18 will be locked in after Friday and how White will clinch $226K on Saturday.
  • One of the major areas that the Wizards will need to improve upon next year is in their backcourt depth, J. Michael of CSN Mid-Atlantic says. They’ve already gotten a head start in doing so with their addition of Tim Frazier.
  • Second-round draft pick Alpha Kaba will play with the Hawks‘ summer league team before deciding where to play next season, Chris Vivlamore of the Atlanta Journal-Constitution tweets.

Southeast Notes: Morris, Heat, Draft, Batiste

Wizards forward Markieff Morris is suffering through a severe left ankle injury, but says there’s no chance it will prevent him from playing in Monday’s Game 7 against the Celtics, relays J. Michael of CSNMidAtlantic. Morris was able to play 39 minutes in Game 6, putting up 16 points and 11 rebounds in a thrilling 92-91 victory. He has been fighting through the pain ever since landing on Al Horford‘s foot on a jump shot in Game 1 and hasn’t practiced since the injury. “I don’t shoot at all. I just go back to treatment every day,” Morris said. “It’s not swollen as much, but the pain is still there. It’s the worst injury I’ve ever had.”

There’s more from the Southeast Division:

  • The Heat should consider trading down in the draft if they don’t get lucky in Tuesday’s lottery, writes Ira Winderman of The Sun-Sentinel. After barely missing the playoffs on a tie-breaker, Miami has the worst odds of any lottery team. The Heat have just a 0.5% chance to land the No. 1 pick and only a slightly better shot at slots two and three. While options such as Justin Jackson, Ivan Rabb, John Collins or T.J. Leaf might be tempting at No. 14, Winderman believes Miami would be better off trying to rebuild its draft future. The Heat owe their first-round picks in 2018 and 2021 to Phoenix and don’t have a second-round pick until 2022.
  • The Heat have some important contract dates in the next few weeks, Winderman notes in the same piece. Josh McRoberts, Dion Waiters and Willie Reed all have a June 29th deadline to decide whether to opt out for next season. Josh Richardson‘s $1,471,382 salary for 2017/18 becomes fully guaranteed a day later, as does Okaro White‘s $1,312,611 figure on July 1st. Winderman expects McRoberts to opt in for $6MM, Waiters and Reed to both opt out and the team to guarantee Richardson’s salary while getting White to defer his guarantee date.
  • The Hornets added Mike Batiste to their coaching staff this week, tweets Adrian Wojnarowski of The Vertical. An opening was created when Patrick Ewing gave up his role as associate head coach to take over at Georgetown. Stephen Silas was promoted to lead assistant, and Batiste will become a regular assistant. Batiste played for the Grizzlies in 2002/03, but spent most of his career in Europe.
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