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Klay Thompson forfeits nearly $10 million in Dallas exit for Miami

  • Following his release from the Dallas Mavericks, veteran guard Klay Thompson officially signed a two-year, $11.5 million contract with the Miami Heat on Sunday after clearing waivers.
  • Dallas bought out the final year of Thompson's contract on Friday, ending a disappointing two-year tenure after the trade of Luka Doncic to the Los Angeles Lakers derailed championship hopes.
  • Heat president Pat Riley called Thompson "one of the most iconic players to ever suit up in the NBA," emphasizing his value as floor spacing alongside Giannis Antetokounmpo and Bam Adebayo.
  • The contract includes a player option for year two and a 15 percent trade kicker, allowing Miami to remain below the hard cap while maintaining roster flexibility.
  • Miami continues loading up for a deep playoff run following July's acquisition of Antetokounmpo, with Thompson joining ahead of the October 21 season opener against the Minnesota Timberwolves.
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31 Articles

Lean Left

Basketball player Klay Thompson has signed a two-year contract with the Miami Heat.

·Ljubljana, Slovenia
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Right

One of the best shooters in recent years in the NBA will be a teammate with the Greek Freak in Florida

·Marousi, Greece
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Lean Right

The iconic former Golden State Warriors bounced back to Heat at 36.

·Paris, France
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Lean Left

Luka Dončić's former Dallas teammate Klay Thompson has signed a two-year deal with Miami. The fourth-most-made three-pointers in the NBA will earn $13 million during that time.

·Ljubljana, Slovenia
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Sporting News broke the news in Charlotte, United States on Sunday, August 23, 2026.
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