PUBLISHED Aug 21, 2026, 9:53 PM ET
Four time NBA champion Klay Thompson is expected to sign a new contract worth nearly thirteen million dollars with the Miami Heat after finalizing a contract buyout with the Dallas Mavericks. The agreement concludes a difficult stint in Dallas where the veteran sharpshooter averaged eleven points per game during a challenging campaign. Thompson sought a departure to join a contending roster following massive organizational shifts in Texas including the draft of rookie Cooper Flagg. Miami emerged as the clear frontrunner utilizing remaining salary exception funds to secure the elite perimeter shooter. The Heat front office views Thompson as a crucial floor spacer who will complement center Bam Adebayo and recently acquired superstar Giannis Antetokounmpo. Thompson must clear league waivers before the transaction becomes official over the upcoming weekend. The move significantly alters the Eastern Conference competitive landscape providing Miami with vital veteran championship pedigree as training camps approach this autumn.
By Emily Rhodes | JQJO News
Left: Focuses on player empowerment and labor mobility across the league. Center: Emphasizes verified contractual transaction facts and direct franchise press releases. Right: Highlights financial efficiency and roster asset management strategies for franchises.
On August 21, 2026, Shams Charania reported impending buyout agreement. https://www.espn.com/nba/story/_/id/klay-thompson-miami-heat-mavericks-buyout
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Klay Thompson to Join Miami Heat Following Buyout With Mavericks
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