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Report: Heat signing Josh Richardson to four-year, $42 million contract extension

Miami Heat v Detroit Pistons

AUBURN HILLS, MI - MARCH 28: Josh Richardson #0 of the Miami Heat tries to get a shot off between Tobias Harris #34 and Marcus Morris #13 of the Detroit Pistons during the first half at the Palace of Auburn Hills on March 28, 2017 in Auburn Hills, Michigan. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Gregory Shamus/Getty Images)

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The Heat made another move toward securing their contributors for the long haul.

This time, its extending Josh Richardson.

Adrian Wojnarowski of ESPN:

Richardson’s max extension was $42,166,656 over four years with a starting salary of $9,412,200. I’m guessing he got that. Limits can be helpful in crafting a deal like this.

This is a fair price for Richardson, who has earned the minimum in his first two NBA seasons and will again this season before the extension kicks in. Maybe he would’ve gotten more in free agency next summer, but it’s hard to risk your first big pay day – especially when you’ll be a restricted free agent and the market looks tight. On the other side, Miami is projecting growth from Richardson, who turns 24 tomorrow – a reasonable bet.

Richardson is somewhere between a good and very good 3-point shooter, and the difference will go a long way in determining his value. At least he offers complementary skills as a creator and defender. Capable of playing multiple positions, he’ll fit somewhere in the Heat’s perimeter rotation.