MiamiHeat

• ReleaseWaived Fs Ezra Ausar and Gabe Madsen. Waived G Bez Mbeng and C Kylor Kelley.2026-10-17
• SigningSigned Nick Richards (from Chicago)2026-08-27
• SigningSigned Klay Thompson (from Dallas)2026-08-23
• TradeAcquired Giannis Antetokounmpo and Bobby Portis from Milwaukee for Tyler Herro, Kasparas Jakucionis, Jaime Jaquez Jr., Kel'el Ware, the draft rights to Nate Ament, and future first- and second-round picks2026-07-06

Founded as a 1988 NBA expansion franchise, the Miami Heat became a championship power under team president Pat Riley, winning their first title in 2006 (led by Dwyane Wade and a midseason-acquired Shaquille O'Neal, over Dallas) and back-to-back titles in 2012 and 2013 during the LeBron James-Dwyane Wade-Chris Bosh 'Heatles' era (over Oklahoma City and San Antonio). The franchise has also reached the Finals in 2011, 2014, 2020, and 2023 without winning, including a 2023 run that began in the play-in tournament. Known for Pat Riley's 'Heat Culture' identity and longtime head coach Erik Spoelstra, Miami has played at Kaseya Center (originally American Airlines Arena) since 2000. Key rivalries include the Knicks (1990s), the Bulls, the Celtics, and the in-state 'Sunshine State' rivalry with Orlando. In July 2026, the Heat executed a franchise-altering trade for two-time MVP Giannis Antetokounmpo, sending a package headlined by Tyler Herro and Kel'el Ware to Milwaukee and pairing Giannis with All-Star center Bam Adebayo.