Veteran guard Klay Thompson is expected to sign a free agent deal with the Miami Heat after reaching a buyout agreement with the Dallas Mavericks on Friday, according to ESPN’s Shams Charania.
Thompson and the Mavericks navigated a buyout from his $17.5 million expiring salary after the four-time NBA champion made it clear to Dallas that he wanted to play for a contender. The Heat made one of the NBA's all-time greatest shooters their top free agent priority this… https://t.co/gn8JRm2EBj
— Shams Charania (@ShamsCharania) August 21, 2026
The 36-year-old spent two seasons with the Mavericks after being acquired from the Golden State Warriors in a sign-and-trade deal in July 2024.
Thompson had a season remaining on his three-year, $50 million 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,” said Mavericks President of Basketball Operations Masai Ujiri. “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.”
The Dallas Mavericks announced today that the team has reached a buyout agreement with guard/forward Klay Thompson.
Full release: https://t.co/WszNyf9Wjk
— Mavs PR (@MavsPR) August 21, 2026
Thompson averaged 11.7 points, 2.1 rebounds and 1.4 assists alongside a career-low 38.3 three-point percentage over 69 games in 2025-26.
The Los Angeles native won four NBA championships during his 11-year run with the Warriors.
Thompson is a five-time All-Star.