The Miami Heat can offer Josh Richardson an extension beginning on Thursday.

Richardson can be offered as much as $43 million over four seasons. If Richardson declines an extension offer, he can become a restricted free agent in 2018.

The Heat and Richardson are expected to hold serious discussions.

Richardson will earn $1.5 million this upcoming season regardless of whether he accepts the extension.

The Miami Heat have denied making an offer of Goran Dragic and Justise Winslow to the Cleveland Cavaliers for Kyrie Irving.

In the wake of that report, the Heat took the rare step under the leadership of Pat Riley of publicly denying that any offer, of any sort, had been made for Irving.

The Heat believe the Cavaliers are asking for too much in exchange for Irving.

Irving has three years remaining on a contract that pays $18.9 million this coming season.

There were approximately 20 teams who made inquiries to the Cleveland Cavaliers upon learning of Kyrie Irving's trade requests but far fewer have delivered legitimate proposals.

The San Antonio Spurs, Los Angeles Clippers, Phoenix Suns, Minnesota Timberwolves, New York Knicks and Miami Heat have made offers to the Cavaliers for Irving.

The Cavaliers are seeking a package similar to what the Denver Nuggets received for Carmelo Anthony in 2011. Denver acquired a combination of young players, win-now veterans and draft picks. Rival teams are instead looking at what the Wolves gave up for Jimmy Butler.

Koby Altman is taking a measured approach to negotiations.

"I'll say this about [Altman]," one rival GM interested in Irving told ESPN. "He isn't overwhelmed. He's showing real poise."

The Miami Heat have signed guard Derrick Walton Jr. to a Two-Way Contract.

Walton appeared in four Summer League games (one start) with the Magic in Orlando and averaged 10.0 points, 3.5 assists, 2.5 rebounds and 20.5 minutes while shooting 46.9 percent (15-of-32) from the field, 50 percent (6-of-12) from three-point range and 66.7 percent (4-of-6) from the foul line. His 50 percent shooting from downtown tied for the third-highest during the Orlando Summer League with a minimum of 10 attempts.

Walton appeared in 127 games (126 starts) at the University of Michigan, becoming the only player in program history to score at least 1,000 points, grab 500 rebounds and dish out 400 assists. 

The Miami Heat have signed guard Matt Williams. 

Williams appeared in eight Summer League games (six starts) with the Heat in Orlando and Las Vegas and averaged 9.9 points and 2.6 rebounds while shooting 38 percent from the field, 39 percent from three-point range and a perfect 2-of-2 from the foul line. He started all six games in Las Vegas with Miami and shot 45 percent from three-point range, leading the team in three-point field goals made four times, including a 5-of-8 performance from beyond the arc vs. Washington on July 10 and a 6-of-9 output from downtown vs. Memphis on July 15.

The University of Central Florida graduate finished his collegiate career as the school’s all-time leader in three-point field goals made (274) and became the 18th player in program history to score at least 1,000 points.

The Miami Heat have agreed to a deal with Udonis Haslem for the veteran's minimum for one season.

Haslem's deal will be fully guaranteed.

Haslem played in 16 games last season.

Haslem went unselected in the 2002 NBA draft out of Florida. He’s averaged 7.8 points and 6.9 rebounds for his career.

The Los Angeles Clippers have agreed upon a one-year, $1.5 million deal with Willie Reed.

Reed averaged 5.3 points and 4.7 rebounds in 14.5 minutes per game last season with the Miami Heat.

Reed also played 39 games in 15-16 with the Brooklyn Nets.

Reed went undrafted in 2011 out of Saint Louis and played several seasons in the G-League.

The Miami Heat included $5.1 million in cash in their deal with the Dallas Mavericks to clear the salary of Josh McRoberts.

Miami took back the contract of A.J. Hammons from the Mavericks, who is guaranteed $1.3 million this season and $1.5 million next season.

The Mavericks also received a 2023 second round pick.

Miami had $11.8 million in cap space to sign James Johnson while being able to retain Wayne Ellington. 

Because Johnson's starting point on his deal is $14 million, the Heat created the extra necessary room by using the performance bonus.

James Johnson has agreed upon a four-year deal with the Miami Heat. Johnson will receive a player option in Year 4 of the deal.

Johnson earned $4 million last season with the Heat.

Johnson averaged 12.8 points, 4.9 rebounds and 3.6 assists with a PER of 17.0 last season for the Heat.

The Miami Heat have agreed to send Josh McRoberts and a future second round pick to the Dallas Mavericks for A.J. Hammons.

The Heat are clearing cap space to re-sign James Johnson.