Klay Thompson has agreed to a buyout with the Dallas Mavericks and plans to sign with the Miami Heat, according to reports from Libero and La Gazzetta dello Sport on August 25, 2026.
The Path to Miami and the Fit with the Heat
According to Libero, Thompson’s arrival does not immediately make Erik Spoelstra’s team a title favorite, as the roster remains incomplete around Antetokounmpo. However, Miami desperately needs floor spacing. Even in his late career, Thompson remains an elite outside shooter who can punish defenses that collapse on the two-time MVP. The move aligns with what Libero describes as the “Heat Culture” project, offering the veteran a clear role as a high-volume perimeter threat off the catch.
Tenure in Dallas and Milestone Achievements
Thompson originally signed with the Mavericks in the summer of 2024, anticipating an extended late-career run alongside Luka Dončić. According to Libero, poor front-office decisions derailed that core project, ultimately pushing Dallas into a rebuild centered around 2025 first overall draft pick Cooper Flagg. Despite losing his starting job, Thompson appeared in 141 of 164 possible games over two seasons with the Mavericks, averaging 12.9 points while shooting 38.7% from beyond the arc. During his time in Dallas, he climbed to fourth on the NBA’s all-time three-point list with 2,899 career triples, trailing his former Golden State teammate Stephen Curry.
Front Office Response and Roster Outlook
Reflecting on Thompson’s departure, executive Masai Ujiri praised the veteran’s competitive drive, stating according to Libero, “Klay is one of the greatest players and one of the greatest competitors of his generation and we are grateful for everything he gave to the Mavs.” While physical limitations from his previous major injuries with the Golden State Warriors have noticeably reduced his lateral mobility, Thompson’s shooting gravity remains potent. As Miami works to integrate him alongside Antetokounmpo, the veteran brings invaluable postseason experience to a franchise chasing its next title.