By ISABEL BALDWIN, US ASSISTANT SPORTS EDITOR
Published: 14:47 EDT, 19 March 2026 | Updated: 14:48 EDT, 19 March 2026
The Miami Heat are set to waive guard Terry Rozier before the end of the regular season, according to a report.
Rozier, 32, has been away from the team on indefinite leave since October, when he was arrested as part of a mass FBI investigation into illegal sports gambling.
He is facing two felony charges of wire fraud and money laundering for his alleged role in the betting scheme. He has pleaded not guilty.
The Heat are expected to waive him in order to free up a roster spot ahead of their playoff run, according to ESPN.
Rozier's $26.6 million salary, which has so far been placed in escrow until his case is heard, is set to expire this summer.
Miami would therefore have to waive him by 5pm ET on April 9 to clear waivers before the end of the regular season on April 12.
The Miami Heat are set to waive guard Terry Rozier before the end of the regular season
Rozier pled not guilty to charges he's facing and is currently out on $3million bond
Rozier was traded to the Heat in January 2024 from the Charlotte Hornets, in exchange for Kyle Lowry and a 2027 first-round draft pick.
However, that trade has come under scrutiny since his arrest, with questions being raised over whether Miami should have been made aware of the investigations into Rozier before going ahead with the acquisition.
As a result, the Hornets agreed to send a second-round pick in this June's NBA draft to Miami as compensation. The Heat, however, still owe their first-round 2027 pick to Charlotte.
Rozier has averaged 13.9 points per game in his career, which includes stops with Charlotte and Boston before coming to Miami. He appeared in 95 games with the Heat.
In December, Rozier filed a bold legal motion to have federal gambling charges against him thrown out of court.
Attorneys for the veteran player argued that federal prosecutors are 'overreaching' by bringing charges of conspiracy to commit wire fraud and money laundering against him.
The motion, filed by Rozier's lawyers on December 23, claimed that the government is attempting to 'enforce its view of integrity in sports wagering' rather than prosecuting a legitimate federal crime.
Defense attorney Jim Trusty argued the allegations are merely a violation of private wagering rules set by state-licensed betting companies.
Rozier has been away from the team since October and his contract is set to expire in summer
'The government has billed this case as involving 'insider betting' and 'rigging' professional basketball games,' Trusty wrote in court documents.
'But the indictment alleges something less headline-worthy: that some bettors broke certain sportsbooks' terms of use against wagering based on non-public information and 'straw betting.''
Oral arguments on the motion to dismiss will be heard on April 27, according to Front Office Sports' Ben Horney.
Rozier was arraigned on December 9 and pleaded not guilty to both charges in a Brooklyn federal court.
Federal authorities allege Rozier tipped off gamblers about a fake injury while he was playing for the Charlotte Hornets in March 2023.
According to the indictment, Rozier told co-defendant Deniro Laster he planned to remove himself from a game against the New Orleans Pelicans in the first quarter.
Rozier reportedly played less than 10 minutes before leaving with an injury, ensuring he finished 'under' his prop bet totals for points and assists.
Federal authorities claim Laster sold this information to another associate, resulting in more than $200,000 in winning bets.
Rozier is pictured arriving at Brooklyn Federal court to be arraigned in December
Prosecutors further allege that Laster drove to Rozier's home in Charlotte to count the cash winnings during the early hours of April 1, 2023.
However, Rozier's legal team insists there is no proof that the NBA star ever placed a bet himself or used a proxy to do so.
More than 30 people have been indicted in the scandal, which authorities say involves Mafia ties and rigged poker games.
Other high-profile figures linked to the probe include Portland Trail Blazers coach Chauncey Billups and former player Damon Jones.