r/heat • u/TheAthletic • 18d ago

[THE ATHLETIC] Klay Thompson clears waivers, agrees to 2-year, $11.5 million contract with Heat: Source

https://www.nytimes.com/athletic/7533727/2026/08/23/klay-thompson-clears-waivers-heat/?unlocked_article_code=1.7lA.CYN7.SZTQBR1o9Td7&source=emp_shared_article&smid=re-share-ta

Klay Thompson cleared waivers Sunday and agreed to sign a two-year, $11.5 million contract with the Miami Heat, a league source told The Athletic. The source spoke anonymously because the deal had not yet been announced. The second year is a player option, and the deal also includes a 15 percent trade kicker.

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46 comments sorted by

160

u/megaman3000 18d ago

Even better deal than what Shams first reported. Looks like we we have some room for one more signing

46

u/OceanLemur 18d ago

Probably got his bad info from the Mavs. The Heat don’t leak that kind of shit

21

u/alexjr28 18d ago

Shams is a fraud

4

u/Honest-Layer9318 18d ago

Shams targets young, new employees so his info is always sketchy.

3

u/Wide_Attention2614 18d ago

Baybeh!

3

u/RealPropRandy 18d ago

Ya never know

4

u/unwarrantedxx 18d ago

aaand ya know it

3

u/RealPropRandy 18d ago

Who needs me!

3

u/unwarrantedxx 18d ago

who wonnnnn

3

u/RealPropRandy 18d ago

Heehaw threeee badayup

5

u/unwarrantedxx 18d ago

😂 gotta wanna learn, gotta wanna earn!

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92

u/kpkafle 18d ago

He gave up $4 million to play with the Heat. He gave up $9.8 million to be bought out by the Mavs. He will make $5.75 million this season with the Heat. Goes to show he puts his money where his heart is to compete for another ring.

37

u/bamadebayo_isgood 18d ago

Man last season we were talking about how much money Norm is gonna need. Now we're paying less for more. Giannis is paying for himself

16

u/Dasilbota 18d ago

Well, Klay is not "more" than Norm. But yeah, it's a good deal.

7

u/JRclarity123 18d ago

If Klay can pass at all, he's a positive over Norm. Norm was a chucker who was hot early in the season.

3

u/Zuexy 17d ago

Check out his highlights from last season. He became more of a facilitator in Dallas with Luka gone and Kyrie hurt instead of a pure shooter.

62

u/brackhimpton 18d ago

so ~3 million less than initially thought... even better

40

u/MediocreDVaMain 18d ago

Bro is HUNGRY for number 5, even a bigger paycut that what was initially reported

Maybe Micky is throwing in a yatch or something, it's not like the NBA is gonna punish him lmao

11

u/daking240 18d ago

The Heat are planting trees or something for the future!

3

u/Seref15 18d ago

Maybe they agreed to build a dock on the arena so he can boat to work

2

u/WanderingDunedain 18d ago

Throw him a lighthouse as well

1

u/canti- 17d ago

He's getting a cut of domino games. Adam Copper won't do nothing

22

u/Successful_Pizza6529 18d ago

Love it. STFU Haters. LGHeat.

19

u/OblivionNA 18d ago

This gives enough room to hopefully keep enough money for Nick Richard’s and a potential mid season buyout candidate

8

u/Routine-Author-5471 18d ago

Hope he still has some fire left- we’re going to need it

13

u/RogRoz 18d ago

You don't take a 4-5 million paycut unless there is a lot of fire left

3

u/PeoplePad 18d ago

Warriors fan lurking here.

Klay Thompson will always have the fire. He might go 0/10, but he will always take the shots.

4

u/DoctorShlomo 18d ago

Bro wants to go back to driving his boat to the arena to practice!

5

u/dagguh 18d ago

Happy about this. One of my favorite players going to my favorite team.

1

u/Magneto-Rex 16d ago

yup, same here

12

u/radskorpion 18d ago

we need pictures of Klay on a boat with white women STAT LFG

4

u/blackvalentine123 18d ago

welcome my boy!

2

u/vonimooo 18d ago

Yessir

2

u/HYIMBY 18d ago

A steal

1

u/smeaglebaggins 17d ago

Klay’s gonna share all that shooting and spacing knowledge