The Miami Heat and guard Josh Richardson have agreed on a four-year, $42 million contract extension, league sources told ESPN.
The deal includes a player option on the fourth year, a league source said.
Richardson’s agents with BDA Sports, Bill Duffy and Erik Kabe, finalized several weeks of talks with Heat officials Wednesday.
Josh Richardson played only 53 games last season because of a recurring ankle injury but averaged 10.2 points, 3.2 rebounds and 2.6 assists. Steve Mitchell/USA TODAY Sports
Richardson has been one of the Heat’s great scouting and player development success stories, rising from the 40th pick in the 2015 NBA draft out of Tennessee to one of the franchises’ young cornerstones. He has won the trust of coach Erik Spoelstra in his development as a two-way player.
Richardson, who will turn 24 on Friday, averaged 10.2 points, 3.2 rebounds and 2.6 assists per game for the Heat last season. He started 34 games but played only 53 overall because of a recurring ankle injury.
The New York Knicks have signed former No. 2 overall draft pick Michael Beasley to a one-year deal, the team announced Tuesday.
League sources told ESPN the deal is for the veteran’s minimum, which is $2,116,955, according to ESPN’s Bobby Marks.
Beasley, originally drafted by the Miami Heat in 2008, averaged 9.4 points and 3.4 rebounds in 16 minutes per game last season for the Milwaukee Bucks. He shot a career-high 54.5 percent from the field while taking 7.3 shots per game.
The Knicks are Beasley’s sixth team in 10 seasons.
It is unclear where the 6-foot-9 Beasley will fit on the Knicks’ depth chart. If the organization executes a trade of Carmelo Anthony, Beasley could play significant minutes at small forward for New York.
With Ramon Sessions also officially signing his deal, the Knicks have 15 NBA contracts on their roster and one player — Luke Kornet — on a two-way contract. Unless they release a player, New York will have room for just one more two-way contract.
Miami Heat guard Dion Waiters intends to decline his 2017-18 player option to enter unrestricted free agency on July 1, league sources tell ESPN.
Waiters, 25, will turn down an option worth a little more than $3.2 million. His consistent production this past season bodes well for a considerable salary increase.
June 29 is Waiters’ official deadline date. Sources say the Heat are aware of his intentions.
He had a breakout season under head coach Erik Spoelstra. In his lone season with the Heat, Waiters registered career highs in rebounds (3.3), assists (4.3) and 3-point percentage (40%). His 15.8 points per game average was the third highest on the team and his second highest career mark.
Waiters has repeatedly expressed his desire to return to Miami, where he experienced a career rejuvenation.
He was selected fourth overall by the Cleveland Cavaliers in the 2012 draft and traded to the Oklahoma City Thunder in a three-team deal in January of 2015. He signed with the Heat as a free agent last offseason.