Klay Thompson Bought Out by Dallas, Expected to Sign with Miami

Klay Thompson’s tenure with the Dallas Mavericks has ended with a contract buyout, and the veteran sharpshooter is expected to sign with the Miami Heat. The Mavericks announced the agreement on Friday, August 21, 2026. Thompson, a five-time All-Star and four-time NBA champion, will join Miami after clearing waivers, according to reports.

The move concludes Thompson’s two-year stay in Dallas, where he had one year and approximately $17.5 million remaining on his contract. “Klay is one of the great players and competitors of his generation, and we are grateful for everything he brought to the Mavericks organization,” Mavericks president of basketball operations Masai Ujiri said in a team statement. “We have tremendous respect for Klay and all that he has accomplished throughout his career, and we wish him nothing but the best moving forward.”

Thompson joined Dallas in the summer of 2024 via a sign-and-trade from the Golden State Warriors, where he won four championships alongside Stephen Curry and Draymond Green. His role in Dallas diminished after the franchise traded All-Star guard Luka Dončić to the Los Angeles Lakers during the 2024-25 season and later lost Kyrie Irving to a...