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Heat sign sharp-shooting guard Klay Thompson

By Thomson Reuters Aug 23, 2026 | 10:59 PM

The Miami Heat announced on Sunday night the signing of five-time All-Star guard Klay Thompson after the final year of his contract was bought out by the Dallas Mavericks.

While contract terms were not announced, ESPN ​reported on Friday that Thompson planned to sign a two-year deal ‌worth nearly $13 million. Thompson, 36, became a free agent after clearing waivers. The Mavs bought out Thompson, who was set to make $17.5 million this season, and placed him on waivers after he told the team he wanted to play for a contender. Dallas announced his departure Friday.

A 13-year ‌NBA veteran, ​Thompson won four championships with the Golden State ⁠Warriors (2015, 2017, 2018, 2022). He’s a ⁠two-time All-NBA third-team honoree (2015, 2016) as well as All-Defensive second team in 2019.

“Klay is one of the most iconic players to ever suit up in the NBA,” Heat president Pat Riley said in a news release. “A four-time battle-tested ​world champion who will fit perfectly into his role as an all-around player at both ends of the court. We all talk about his shooting skill, but ⁠there is so much more he brings to ⁠the game. We are blessed that Klay chose the Heat ​in our quest to challenge for championships.”

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.

Thompson is fourth all-time with 2,899 made 3-pointers and owns a 40.9% career 3-point shooting percentage.

He averaged 11.7 points, 2.1 rebounds, 1.4 assists and 21.7 minutes ⁠while shooting 38.3% from 3-point ‌range in 69 games (eight starts) last season with Dallas. ⁠He led the Mavericks with 202 3-pointers — his 11th season ​with at ‌least 200 from long range.

For his career, Thompson has averaged ​18.6 points, ⁠3.4 rebounds, 2.2 assists and 31.4 minutes while shooting 44.8% from the field and 85.8% from the free-throw line in 934 regular-season games (822 starts) for the Warriors (2011-19, 2021-24) and Mavericks (2024-26). He missed two seasons because of knee and Achilles injuries.

He set a league record with 14 3-pointers in a single game against the Chicago Bulls on Oct. ​29, 2018.

–Field Level Media