Klay Thompson’s next destination has been confirmed. After reaching a buyout with the Dallas Mavericks and clearing waivers, Thompson agreed to a two-year deal worth approximately $11.5 million with the Miami Heat.

The key development is that the move has advanced from the “expected to sign” stage to a confirmed agreement. The NBA’s official offseason transaction roundup also classified Thompson’s departure from Dallas and Miami’s two-year deal as officially announced transactions.

From the Buyout to the Miami Agreement

The confirmed sequence is as follows.

Klay Thompson public-domain or openly licensed image
Klay Thompson · Wikimedia Commons · CC BY-SA 2.0 · Keith Allison from Hanover, MD, USA
DateConfirmed details
August 21, 2026The Dallas Mavericks and Klay Thompson agreed to a buyout, and the NBA’s official transactions showed Dallas’s waiver transaction.
August 23, 2026Thompson cleared waivers.
August 23, 2026He agreed to a two-year deal worth approximately $11.5 million with the Miami Heat.
The key change is that the uncertainty following the buyout has ended and Thompson’s agreement with the Miami Heat has been confirmed.

Confirmed Contract Details

The contract was reported to be worth approximately $11.5 million. The second season was reported to be a player option for Thompson. Therefore, the two currently confirmed contract details are:

Official Miami HEAT video · Klay Thompson Live Presser | August 25, 2026Watch on YouTube
  1. The contract is for two years.
  2. The second season is a player option.

The NBA describes Thompson as the fourth-ranked player all time in made three-pointers. However, the contract itself does not establish his future performance, role, or the team’s chances of winning a championship.

Publicly Available Footage of the Move

The Miami Heat’s official YouTube channel published a video of Thompson’s introductory press conference on August 25, 2026. It serves as visual confirmation of the player joining his new team after the agreement was completed.

[Miami Heat official introductory press conference video](https://www.youtube.com/watch?v=7SNy1ItxxRs)

Taken together, the contract and transaction records show that Thompson moved to the Miami Heat after completing the buyout and waiver process with Dallas. Because the contract value is described as “approximately $11.5 million” depending on the source, it should not be presented as a precisely finalized figure.

Sources and Verification Date

  • [NBA.com: Klay Thompson signs with Heat after Mavericks buyout](https://www.nba.com/news/klay-thompson-heat-2026-free-agency) — checked August 30, 2026
  • [Official NBA player transactions](https://www.nba.com/players/transactions?TeamID=0) — checked August 30, 2026
  • [NBA.com: NBA offseason deals roundup](https://www.nba.com/news/nba-offseason-deals-2026) — checked August 30, 2026
  • [NBC Sports: Report on Thompson clearing waivers and agreeing to a two-year, $11.5 million contract with the Miami Heat](https://www.nbcsports.com/nba/news/klay-thompson-clears-waivers-reportedly-agrees-to-two-year-11-5-million-contract-with-miami-heat) — checked August 30, 2026
  • [CBS Miami: Report on Thompson joining the Miami Heat](https://www.cbsnews.com/miami/news/klay-thompson-joins-miami-heat-dallas-mavericks/) — checked August 30, 2026
  • [CBS Texas: Report on the buyout with Dallas](https://www.cbsnews.com/texas/news/klay-thompson-mavericks-buyout-end-of-dallas-tenure-august-2026/) — checked August 30, 2026
  • [Associated Press report](https://baynews9.com/fl/tampa/ap-online/2026/08/24/klay-thompson-joins-heat-set-to-team-up-alongside-newly-acquired-giannis-antetokounmpo) — checked August 30, 2026