Klay Thompson’s team move unfolded in the following order: a buyout with the Dallas Mavericks, passage through waivers, and an agreement with the Miami Heat. On August 21, 2026, Dallas announced that it had reached a buyout agreement with Thompson, who subsequently cleared waivers. The expected move then became an actual addition when his agreement with the Miami Heat was confirmed on August 24.
Key Change
The biggest change is that Klay Thompson’s team has shifted from the Dallas Mavericks to the Miami Heat. Thompson’s NBA official player profile lists the Miami Heat as his team and records August 24, 2026, as the date he agreed to a contract with the Heat.
The contract is worth approximately $11.5 million over two years, with a player option for the second season. Although some early reports gave different figures, confirmed NBA reports and subsequent coverage have described the deal as being worth approximately $11.5 million.
The buyout agreement date was August 21, and the date of the Miami Heat contract agreement was August 24.
Current Status
The waiver process followed the buyout, and Thompson cleared waivers. Because he agreed to a contract with the Miami Heat after completing this process, this is no longer merely a trade rumor or projected signing: his new team has been reflected on his official profile.
After joining Miami, Thompson also held an introductory press conference with the Heat on August 25, 2026. The NBA’s official video page features the press conference, and the Miami team’s official channel has also published a video from the same date.
Impact
This move has resolved the uncertainty surrounding Thompson’s next team. Readers should verify three key points:
- The Dallas Mavericks announced the buyout agreement on August 21.
- Thompson cleared waivers after the buyout.
- On August 24, he agreed to a two-year contract with the Miami Heat, with a player option for the second season.
These facts explain the contract process and his current team, but they do not guarantee Thompson’s performance or Miami’s team results. Based on what has been confirmed, the definitive changes concern the player’s team and contract status. His role during the season and game results will need to be assessed separately.
Next Checkpoint
Contract and roster information may change before the season begins, so future updates should prioritize Thompson’s official NBA player profile and official announcements from the Miami Heat. In particular, whether the player option for the second season is exercised is a future matter separate from the currently confirmed contract terms.
To review the joining process itself, watch the Heat introductory press conference held on August 25, 2026. The video demonstrates that Thompson’s move to Miami proceeded through official steps. Reviewing it alongside the buyout announcement date and contract agreement date makes it possible to understand the full sequence of his move from Dallas to Miami.