The Mavericks announced Friday they have reached a buyout agreement with Thompson, who's expected to sign with the Heat after he clears waivers, per Shams Charania of ESPN.
Thompson's status had been in limbo this offseason, so it's not overly surprising to see him and Dallas part ways. The veteran sharpshooter is coming off perhaps the worst season of his career, ending with career-low averages of 11.7 points, 2.1 rebounds, 1.4 assists and 2.9 three-pointers in 21.7 minutes per game through 69 regular-season appearances (eight starts). Despite that, Miami appears to have quickly swooped in to secure Thompson's services as a three-and-D presence with championship experience.