Heat’s Josh Richardson exercising 2024-25 player option

Miami Heat guard Josh Richardson.

Heat wing Josh Richardson is picking up his minimum-salary player option for 2024-25, reports Shams Charania of The Athletic (X link). The move will guarantee Richardson’s $3,051,153 salary for next season, lining him up to be a free agent in 2025.

Richardson began his career in Miami in 2015 and spent his first four NBA seasons with the team. After bouncing around the league from 2019-23, with stints in Philadelphia, Dallas, Boston, San Antonio and New Orleans, he returned to the Heat as a free agent last summer, signing a two-year, minimum-salary deal that included a player option on year two.

The reunion didn’t play out quite as hoped, as health issues limited Richardson to 43 games and ended his season early. When he was available, he averaged 9.9 points, 2.8 rebounds, and 2.4 assists in 25.7 assists per night, with a shooting line of .444/.347/.944.

Richardson, who underwent a labrum procedure in March to repair right shoulder instability, is still recovering from that surgery, making it an inopportune time for him to return to free agency, so it comes as no surprise that he’ll opt-in for 2024-25.

While Richardson’s expiring contract could make him a trade candidate, the Heat – who are navigating the luxury tax – will likely welcome him back at a team-friendly rate of $3M if he’s healthy. According to Charania, the 30-year-old is expected to make a full recovery before the start of the season.

As our tracker shows, Richardson is one of four Heat veterans whose contracts include player options for 2024-25. Caleb Martin, Kevin Love and Thomas Bryant still have decisions to make on their options.

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