Looking to lock up one of the team's better players, Miami signed Ricky Williams to a one-year contract extension through the 2009-10 season.
This extension prevents Ricky from hitting the free agent market after this season.
According to Chris Mortensen, the extension does not include a signing bonus, but it does offer Ricky a higher 2009 base salary and several easily attainable incentives that can increase his base salary this season.
I think that is the right kind of deal to be giving to Ricky since it doesn't guarantee anything and the incentives will keep him motivated to stay on the straight and narrow. He knows full well how much money he still owes this team, so hopefully this extension lets him know that the new regime is standing behind him and that they are supportive, but that nothing will be handed out freely.