Josh Richardson to receive extension from Heat

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The long-term signing of Richardson only confirms the youth movement for the Heat.

Josh Richardson will go to Miami Heat training camp later this month with a new contract. While they were interested in Gordon Hayward, the small forward signed with the Boston Celtics, which triggered Miami's plan B. The plan included bringing their core players back, and they were successful in doing it.

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.

Richardson and the Heat agreed Wednesday on a four-year extension that could be worth $42 million, a person with knowledge of the agreement told The Associated Press. A second-round pick in the 2015 draft (40 overall) out of Tennessee, the 6-foot-6 guard will make $1.47 million this season. However, Richardson immediately showed he was a reliable guard in the National Basketball Association.

Josh Richardson Reportedly Finalizing 4-Year, $42M Contract Extension with Heat
Report | Josh Richardson to receive extension from Heat

Considering that Josh Richardson is very young, yet very good, this could be a steal for the Heat. He finished the season averaging 10.2 points, 3.2 rebounds and 2.6 assists.

Following the season, Heat coach Erik Spoelstra said one of the most disappointing things of last season was not being able to see Richardson build on the strong finish to his rookie season.

Richardson made a league-best 53.3 percent of his 3-point shots after the All-Star break as a rookie. In 2014-15, Richardson started all 32 games and led the Vols in almost every major statistical category: scoring (16.0 PPG), FG pct (46.1), FT pct (79.8), APG (3.6), SPG (2.1) and minutes played (36.3).

With training camp set to start September 26, the Heat have 18 players under contract.

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