The Miami Heat officially signed second-round draft pick Josh Richardson on Monday.
Richardson, who signed a three-year, $2.5 million rookie deal that was agreed to last Tuesday, will earn a guaranteed $525,093 this season. The second year, worth $874,636, is partially guaranteed. The third year likely will be a team option at $1.1 million.
A 6-6 shooting guard from the University of Tennessee, Richardson impressed the Heat during summer leagues in Orlando and Las Vegas with his perimeter defense and ability to play point guard in a pinch. Richardson will back up Dwyane Wade and Heat newcomer Gerald Green.