Klay Thompson’s next destination has been confirmed as the Miami Heat. Thompson was waived by the Dallas Mavericks on August 21, 2026, and became a free agent after completing his buyout and clearing waivers. He then signed with Miami on August 23.
The contract was reported as a two-year deal worth approximately $11.5 million. However, the specific guaranteed amount and annual salary breakdown were not included among the confirmed core facts, while the second season is reportedly a player option for Thompson.
The key change is that Thompson’s move to the Miami Heat has been confirmed, rather than merely being described as a prospective signing.
The Transfer Process Through a Buyout and Waivers
NBA’s official transaction records show that Dallas waived Thompson on August 21 and that Miami acquired him on August 23. The process leading to the signing was as follows.
- On August 21, the Dallas Mavericks waived Thompson.
- His contract buyout with Dallas was executed on the same day.
- Thompson cleared waivers and became a free agent.
- On August 23, he signed a two-year contract with Miami worth approximately $11.5 million.
Thompson’s New Lineup in Miami
The NBA’s official transaction record lists Miami as acquiring Thompson as a guard. An AP report explained that Thompson will play alongside Giannis Antetokounmpo and Bam Adebayo in Miami.
Therefore, the facts currently confirmed are Thompson’s team change, the reported contract terms, and the key players who will join him in Miami. The acquisition alone does not establish the team’s future results or on-court chemistry.
Contract Terms to Note
- Contract length: 2 years
- Contract value: Approximately $11.5 million
- Second season: Reportedly a player option
- Date of joining Miami: August 23, 2026
Major reports agree on an approximate contract value of $11.5 million, but it cannot be stated as a confirmed exact total or detailed salary structure. The amount Thompson gave up in the Dallas buyout is also not presented as a core fact.