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NewsWSVN 7 News MiamiAugust 24, 2026Miami-Dade

Klay Thompson signs two-year contract with Miami Heat

Klay Thompson has finalized a two-year contract worth approximately $11.5 million with the Miami Heat following a buyout from the Dallas Mavericks. The deal includes a player option for the second season.

NBAMiami HeatKlay ThompsonSports Transactions
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Why It Matters

The signing represents a significant roster change for the Miami Heat as they attempt to integrate new players, including Giannis Antetokounmpo, into their lineup for the upcoming season.

Key Facts

  • Klay Thompson signed a two-year deal with the Miami Heat.
  • The contract is valued at approximately $11.5 million.
  • The second year of the contract is at the player's option.
  • Thompson cleared waivers on Sunday afternoon before finalizing the deal.
  • Thompson is 36 years old and entering his 14th NBA season.
  • Thompson is a career 41% shooter from the 3-point line.
  • The Miami Heat recently acquired Giannis Antetokounmpo and Bobby Portis from the Milwaukee Bucks.
  • The Heat traded Tyler Herro, Jaime Jaquez Jr., Kel’el Ware, and Kasparas Jakučionis to the Bucks in the Antetokounmpo deal.
  • Tim Hardaway Jr. was also signed by the Heat this summer.
  • Thompson was previously with the Dallas Mavericks before a contract buyout was executed on Friday.

Who's Mentioned

personKlay Thompson“NBA player who signed with the Miami Heat”organizationDallas Mavericks“Former team of Klay Thompson”personGiannis Antetokounmpo“Player recently acquired by the Miami Heat”organizationMiami Heat“NBA team that signed Klay Thompson”personPat Riley“President of the Miami Heat”