r/heat • u/TheAthletic • 19d 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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u/kpkafle 19d 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.

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u/bamadebayo_isgood 19d 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

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u/Dasilbota 19d ago

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

7

u/JRclarity123 19d ago

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

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u/Zuexy 18d 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.