Klay Thompson’s change in team has moved from an expected development to an officially confirmed transaction. His buyout with the Dallas Mavericks was completed on August 21, 2026, and Thompson cleared waivers on August 23. His contract with the Miami Heat was also confirmed that day.
Key Change
The Miami Heat signed Klay Thompson to a two-year contract worth approximately $11.5 million. The second season of the contract is Thompson’s player option.
The key sequence is completion of the buyout, clearing waivers, and signing with Miami.
The NBA’s official transaction records list Dallas waiving Thompson on August 21 and Miami signing Thompson on August 23.
Current Status
Thompson’s current team is confirmed as the Miami Heat. Because the final amount differs from figures presented in early reports, it is appropriate to use the approximately $11.5 million figure based on the final NBA and AP reports.
In his previous season with Dallas, Thompson averaged 11.7 points and 2.1 rebounds per game. According to an official NBA article, he ranks fourth in made three-pointers in NBA history and has a career three-point percentage of 41%.
Impact
This confirmation means Thompson’s destination should be described as a completed change of team to Miami, rather than merely an expected move to Miami. The key contract terms readers should verify are as follows.
- The contract runs for two years.
- The contract is worth approximately $11.5 million.
- The second season is a player option.
Accordingly, when reviewing future updates, readers should use Thompson’s status with the Miami Heat and the second-season option as the key reference points.
Next Checkpoint
It will be necessary to check the NBA’s official transaction records for any subsequent updates or corrections to Thompson’s player registration or roster information. The currently confirmed transaction sequence is Dallas’s waiver on August 21, Thompson clearing waivers on August 23, and Miami’s signing later that same day.