Thompson cleared waivers and officially agreed to a two-year, $11.5 million contract with the Heat on Sunday, Sam Amick and Darnell Mayberry of The Athletic report.
Miami acquired Giannis Antetokounmpo this offseason, but the Heat are now adding Thompson in hopes of bolstering the team's chances of winning another championship. The 2011 No. 11 overall pick is coming off his worst season, averaging 11.7 points, 2.1 rebounds and 1.4 assists across 21.7 minutes, all career lows, in 69 regular-season games with the Mavericks. It's unlikely that Thompson will return to All-Star form with the Heat, considering he will turn 37 during the 2026-27 campaign. Regardless of his role, Thompson should have an opportunity to be much more productive than he was in Dallas, especially since his shooting acumen will provide spacing for Antetokounmpo and Bam Adebayo.