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Report: Klay Thompson expected to sign with Heat following Mavs exit

By Thomson Reuters Aug 21, 2026 | 3:46 PM

Klay Thompson is close to joining the Miami Heat after having the final year of his contract bought out by the Dallas Mavericks, ESPN reported Friday.

The ​Mavs bought out Thompson, who was set to ‌make $17.5 million this season, and placed him on waivers after the 36-year-old wing player told the team he wanted to play for a contender. He will be free to sign with Miami if he goes ‌unclaimed. ​Dallas announced Thompson’s departure Friday.

“We have ⁠tremendous respect for Klay and ⁠all that he has accomplished throughout his career, and we wish him nothing but the best moving forward,” Mavericks team president Masai Ujiri said in a statement.

Dallas finished ​26-56 and in 12th place in the NBA’s Western Conference last season, while the Heat are loading up for ⁠a deep playoff run after acquiring ⁠Giannis Antetokounmpo in a July trade with the ​Milwaukee Bucks. Miami was 43-39 last season and 10th in the ​Eastern Conference. It failed to make the playoffs after ‌being knocked out of the play-in tournament by the Charlotte Hornets.

The Miami Herald reported that the Heat are prioritizing shooting this offseason and there was mutual interest between the team ⁠and Thompson. The Heat were 11th in the NBA in 3-point percentage last season (36.1).

They would be adding one of the top 3-point ⁠shooters in league ‌history. Thompson is fourth all time with ⁠2,899 made 3-pointers and owns a 40.9% career ​3-point ‌shooting percentage.

Thompson made 38.3% of his 3-point ​attempts last ⁠season in 69 games (eight starts) during his second and final season in Dallas. Overall, he shot 39.3% from the field and averaged 11.7 points per game.

Thompson is seeking at least one more NBA championship after winning four titles with the Golden State ​Warriors.

–Field Level Media