Klay Thompson Set to Join Miami Heat After Mavericks Buyout

Klay Thompson is reportedly headed to the Miami Heat after reaching a buyout agreement with the Dallas Mavericks, according to Shams Charania of ESPN.

The Mavericks and Thompson agreed to a buyout on August 21, 2026, allowing the veteran sharpshooter to leave Dallas before the final year of his contract, which was worth $17.5 million.

After clearing the NBA’s 48-hour waiver period, Thompson is expected to sign a two-year contract with Miami worth nearly $13 million. The deal will reportedly include a player option for the second season.

Miami had reportedly been pursuing Thompson throughout the summer, viewing his elite three-point shooting as an ideal fit alongside Bam Adebayo and newly acquired superstar Giannis Antetokounmpo.

The 36-year-old Thompson spent two seasons with the Mavericks after ending his long-running tenure with the Golden State Warriors. He remains one of the NBA’s greatest perimeter shooters and ranks fourth all-time in career three-pointers made.

His expected arrival in Miami would give the Heat another proven veteran scorer and one of the league’s most dangerous floor spacers.