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    Shams: Klay Thompson to sign 2-year deal with Heat

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    ESPN’s Shams Charania reports that Klay Thompson is expected to sign a two-year, $13 million deal with the Heat, with a player option for the second season, after clearing waivers following a buyout with the Mavericks.

    Shortly after NBA insider Chris Haynes reported that Thompson had reached a buyout agreement with Dallas, Shams dropped the news that Thompson was headed to South Beach. Thompson’s final season in Dallas was forgettable, but he’s still an elite shooter, which is exactly what the Heat need to build this team around Giannis Antetokounmpo. There is a chance that Thompson starts alongside Davion Mitchell, Andrew Wiggins, Giannis and Bam Adebayo, though he should play a significant role regardless. Pelle Larsson may take on a smaller role than anticipated with Thompson in town.
Kawhi extension comes with 'risk' for Raptors
Chris Mannix reacts to the Raptors extended Kawhi Leonard on a two-year, $115 million deal, explaining the pros and cons of the move for Toronto.

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  • MIA Guard #9
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    Larsson carved out a solid role for the Heat last season, starting 54 of the 70 regular-season games and averaging 11.4 points, 3.5 rebounds, and 3.4 assists per game overall. He should again be a part of the nightly rotation in his third NBA season for a Miami team that expects to have a much higher ceiling with the offseason acquisition of Giannis Antetokounmpo. From a fantasy perspective, Larsson could take another leap in production and build in 2026-27 on a strong end to his second season.
  • Thompson’s departure from the Mavericks comes with a price. However, the veteran sharpshooter will now move on to the next chapter of his career, which will reportedly be with the Miami Heat. In joining the Heat, Thompson would likely come off the bench and play an important floor-spacing role for a team that could use all the three-point shooting possible. Thompson averaged 11.7 points and shot 38.3 percent from deep last season with Dallas.
  • DAL Guard #31
    Added via sign-and-trade ahead of the 2024-25 season, Thompson’s first two seasons in Dallas have not gone as planned. While his 38.7 percent mark from three is respectable, that is nearly four percentage points lower than his number with the Warriors. Also, the Mavericks have not been a contender in Thompson’s two seasons, especially after former lead executive Nico Harrison decided to trade Luka Dončić to the Lakers. With 16 players on standard contracts and a new lead executive, Masai Ujiri, calling the shots, it’s unsurprising that the Mavericks would reportedly explore the market for Thompson. In July, it was reported that Miami had interest in Thompson, potentially adding another shooter to play off of Giannis Antetokounmpo and Bam Adebayo.
  • DAL Guard #31
    Even with the signing of Tim Hardaway Jr., the Heat need more wing scoring to supplement a roster now headlined by Giannis Antetokounmpo and Bam Adebayo. As a result, Thompson is said to be a player of interest to the franchise, despite his struggles over two seasons in Dallas. He is still one of the best perimeter shooters in NBA history and can provide the spacing needed to create cleaner driving lanes for players like Antetokounmpo and Adebayo. It was also noted that the Heat’s interest is not contingent on them signing LeBron James in free agency. However, to make something happen, Thompson would need to be bought out of the final year of his current contract, which is worth $17.5 million.
  • MIA Guard #9
    Larsson improved during his second NBA season, averaging 11.5 points, 3.5 rebounds, 3.4 assists, and 0.9 three-pointers in 26.4 minutes per game. There were moments when he possessed streaming value, but the role was not robust enough to make him a must-roster in most fantasy leagues. Even if he continues to come off the bench, Larsson may take on a larger role in 2026-27 in the aftermath of the Giannis Antetokounmpo trade. Among the players Miami parted with in the deal was Jaime Jaquez Jr., runner-up for Sixth Man of the Year.
  • MIA Guard #9
    Larsson is good to go after being listed as questionable on the injury report initially released by the Heat on Monday evening. He’ll figure prominently in the Heat wing rotation, whether he starts or comes off the bench. In four games against the Hornets during the regular season, Larsson averaged 15.3 points on 55.6 percent shooting from the field.
  • MIA Guard #9
    Larsson is listed as questionable with a right lower leg contusion. Nikola Jovic (ankle) and Dru Smith (foot) are out, but otherwise the Heat have a healthy roster heading into the Play-In Tournament.
  • DAL Guard #31
    Thompson played just over 10 minutes in Sunday’s season finale, and that was enough time for him to add another accomplishment to his career résumé. With his four three-pointers, the veteran sharpshooter finished with 202 on the season. Thompson has 11 seasons with at least 200 three-pointers; only Stephen Curry (13) has more. Klay is under contract for the 2026-27 season, but the days of him being a must-roster player in fantasy leagues are in the rear-view mirror.
  • MIA Guard #9
    Added to the injury report earlier Sunday, Larsson is now out for the Heat’s regular-season finale. Norman Powell is still questionable with a sore right groin. If he can play, he’ll absorb most of the minutes that would have gone to Larsson. If not, then Keshad Johnson should take on a more prominent role within the rotation.
  • MIA Guard #9
    Absent from the initial injury report released by the Heat, Larsson is dealing with a lower right leg contusion. If he’s unable to play, Keshad Johnson and Myron Gardner could see their minutes increase. Johnson, who played legitimate rotation minutes in Friday’s win over the Wizards, is the superior option for managers in active fantasy leagues.

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    Dereck Lively II (foot) reportedly has still not been cleared for training camp.

    Lively underwent season-ending surgery in December after playing in just seven games last season. It’s unclear what his status will be as the regular season approaches, though he hasn’t suffered any setbacks. It just takes time for a big man to recover from a major foot surgery, and they don’t want to rush him back and risk further injury. If he isn’t available for the season opener, Daniel Gafford should be locked in as the starting center, and even if Lively is available, Gafford still may start if they opt to bring Lively along slowly.
  • NYK Center-Forward #32
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    Karl-Anthony Towns’ contract negotiations with the Knicks have stagnated and a deal before training camp is unlikely, reports ESPN’s Shams Charania.

    Charania’s report aired on ESPN Wednesday afternoon. Towns is eligible to sign a four-year, $276 million max extension. According to a report from Stefan Bondy of the New York Post, the Knicks are asking Towns to take less than the max, which explains how the negotiations have seemingly fallen apart. Towns’ stock will likely never be higher coming off a championship run where he was arguably the second-best player on the team. He’s coming off the board in the early part of the second-round of fantasy drafts.
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    Lonzo Ball said he’s not retired in a tweet.

    Ball reflected on his NBA career in a podcast appearance that made the rounds Wednesday morning. The 28-year-old point guard spoke about how he had given everything to the game of basketball and even candidly admitted he never reached the peak of his potential due to chronic knee injuries. Still, Ball never explicitly said he was retiring and cleared up confusion over whether he intends to continue his NBA career in a tweet Wednesday. He indicated that he’s waiting for a team to show interest in signing him and also mentioned the length of the NBA season, implying he might be willing to join a team midseason as an injury replacement. For now, it doesn’t seem like the last chapter of Ball’s NBA career has been written just yet.
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    Stephen Curry said his contract negotiations won’t impact the team.

    “I don’t want there to be no drama,” Curry told ESPN Wednesday. “No talking points. This team should be competitive and go win.” The 38-year-old point guard became eligible for a two-year, $136.7 million extension in August. Curry is currently in the final year of his contract, but described finishing his career with the Warriors as an “obvious goal.” Golden State will begin practicing next week in Hawaii as Curry prepares for his 18th season in NBA.
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    Lonzo Ball said on a podcast that he’s retiring from the NBA.

    Ball missed all of the 2022-23 and 2023-24 seasons with knee injuries and wasn’t the same player in his last two seasons. The former No. 2 overall pick in the 2017 NBA Draft by the Lakers, Ball spent two years each with Los Angeles, New Orleans and Chicago before spending his last season in Cleveland. Ball was selected to the All-Rookie team in 2017-18 and averaged 10.6 points, 5.3 rebounds and 5.6 assists across 322 career games in the NBA.
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    ESPN’s Shams Charania reports that the Hornets are expected to waive Ryan Nembhard.

    Nembhard, who appeared in 60 games and averaged 6.6 points, 2.2 rebounds and 5.3 assists per game as a rookie with the Mavericks, has been traded twice this offseason. Acquired from the Hawks on Tuesday in a trade that sent Dorian Finney-Smith to Atlanta, the 6-foot guard will reportedly be waived. Once he clears waivers, Nembhard will become an unrestricted free agent. Staying with the Hornets would have eliminated what little fantasy value he had, as Charlotte has Coby White, Dennis Schröder and first-round pick Christian Anderson at point guard.
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    Ryan Nembhard has been traded to the Hornets.

    The full deal was Nembhard, Buddy Hield and cash for Dorian Finney-Smith. After going undrafted in 2025, Nembhard had a solid rookie year for Dallas. However, they ended up trading him to Atlanta in July, and he has now been swung to Charlotte. He’ll likely compete with Dennis Schroder and Christian Anderson for some of the backup point guard minutes behind Coby White.
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    The Hornets acquired Buddy Hield and Ryan Nembhard from the Hawks in exchange for Dorian Finney-Smith.

    Hield, who began the 2025-26 season with the Warriors before being sent to Atlanta in the Jonathan Kuminga trade, appeared in just seven games for the Hawks. With Atlanta adding Luguentz Dort and Aaron Wiggins via trade and Kingston Flemings via the draft, Hield’s chances of earning rotation minutes were unlikely to improve, even though the Hawks guaranteed his salary for next season. Unfortunately for Hield, Charlotte has a similar logjam on the wings, lowering his chances of becoming fantasy-relevant in 2026-27.
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    ESPN’s Shams Charania reports the Hornets are trading Dorian Finney-Smith to the Hawks in exchange for Buddy Hield, Ryan Nembhard and cash.

    The deal had been rumored in recent days, and now it’s happening. Charlotte acquired DFS and three second-round picks in a cost-cutting move for the Rockets in July and have now swung him to Atlanta. The three-and-D forward should fill out some depth minutes for the Hawks behind Jalen Johnson, but it is unlikely he plays significant minutes, barring an injury.
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    ESPN’s Shams Charania reports Kawhi Leonard has agreed to a two-year, $115 million contract with the Raptors.

    With Leonard’s trade to Toronto finally completed last week, they didn’t waste any time to ensure his second stint with the team would be longer than the first. This will keep Kawhi with the Raptors for the next three seasons. They’ll be all in on trying to win another championship with Leonard leading the way for the next few seasons.