The essentials
Thompson joins Heat on two-year contract after Mavericks buyout and waiver clearance.
Klay Thompson has signed a two-year contract with the Miami Heat following a buyout from the Dallas Mavericks. The veteran guard cleared waivers after Dallas bought out his final contract year, allowing him to join Miami's championship roster alongside Giannis Antetokounmpo.
Thompson's arrival addresses the Heat's three-point spacing needs. He averaged 11.7 points and shot 38.3% from three with Dallas, providing reliable perimeter shooting despite career-low statistical output. Thompson ranks fourth all-time in three-pointers made, bringing playoff-tested experience to the franchise's star-laden core.
The buyout arrangement allowed Miami to acquire the sharpshooter at minimal cost while Thompson sought a competitive opportunity after declining performance and reduced playing time in Dallas, where he was benched by coach Jason Kidd.
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Heat add championship-caliber spacing around Giannis core
Thompson's acquisition completes Miami's perimeter construction around their new franchise cornerstone. His 38.3% three-point shooting and fourth all-time ranking in made threes provide floor spacing essential to unlocking Giannis's post-to-perimeter playmaking. The two-year commitment signals organizational confidence in this core's championship window.
Thompson available after career-low Dallas season highlighted decline
The buyout reflects Thompson's reduced role after career-low production, reduced minutes, and benching under Kidd's system. Miami acquired him at low cost precisely because Dallas sought exit from an underperforming fit. Whether Thompson rediscovers form in Miami remains uncertain given his recent statistical struggles and diminished playing time.