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Heat’s Josh Richardson exercises 2024-25 player option

Heat’s Josh Richardson exercises 2024-25 player option

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Heat wing Josh Richardson Richardson, Jr. is picking up his minimum-salary player option for 2024-25, The Athletic’s Shams Charania reports (Twitter link). The move guarantees Richardson’s $3,051,153 salary for next season, making him a free agent in 2025.

Richardson began his career in Miami in 2015 and spent his first four NBA seasons with the team. After spending time in the league from 2019 to 2023, with stints in Philadelphia, Dallas, Boston, San Antonio and New Orleans, he returned to the Heat as a free agent last summer and signed a two-year contract with a minimum salary, including a player option in year two.

The reunion did not go quite as hoped, as health issues limited Richardson to 43 games and ended his season early. When available, he averaged 9.9 points, 2.8 rebounds and 2.4 assists on 25.7 assists per night, with a shooting line of .444/.347/.944.

Richardson, who underwent a labrum procedure in March to repair instability in his right shoulder, is still recovering from that surgery, making it an inopportune time for him to return to free will. So it is no surprise that he will choose 2024. 25.

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

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

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