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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.
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  • MIA Guard
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    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.
  • MIA Guard #9
    Despite Tyler Herro, Norman Powell and Davion Mitchell being out, Larsson came off the bench on Friday. The change in role did not negatively impact his ability to provide value, with the second-year wing’s 24 points being the most in a game for him since March 12, when he scored 28 against the Bucks. Miami will have something to play for on Sunday, as it can jump Charlotte for ninth with a win over the Hawks and a Hornets loss to the Knicks.

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    Hornets signed Bez Mbeng.

    While details of the contract were not disclosed, Mbeng is most likely joining the Hornets on an Exhibit 10 contract. He appeared in 15 NBA games with the Jazz last season, starting five, and averaged 8.1 points, 3.8 rebounds, 4.1 assists and 2.3 steals in 32.8 minutes. Given Charlotte’s depth in the backcourt, Mbeng is likely to spend most of his time in the G League. With the Sioux Falls Skyforce currently holding his G League rights, the Hornets would need to make a deal with them to get Mbeng to Greensboro.
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    The Pelicans acquired Taj Gibson and AJ Johnson from the Grizzlies in exchange for Jordan Hawkins, Micah Peavy, a future second-round pick and a second-round pick swap.

    Tuesday’s reported trade was all about the Pelicans freeing up cap space, allowing the team to make Bennedict Mathurin’s signing official. Gibson, who was not on an NBA team at the start of last season, agreed to a deal with the Grizzlies in late February and appeared in 10 games. While a positive voice within the locker room, Gibson has not been a factor in fantasy basketball for quite some time. It’s also unknown whether he’ll be on the Pelicans’ roster when the season begins.
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    The Pelicans acquired AJ Johnson and Taj Gibson from the Grizzlies in exchange for Jordan Hawkins, Micah Peavy, a future second-round pick and a second-round pick swap.

    Selected 23rd overall in the 2024 draft, Johnson has bounced around in his two NBA seasons. After splitting his rookie campaign between Milwaukee and Washington, he appeared in 48 games for the Wizards and Mavericks in 2025-26, averaging 3.3 points in 9.5 minutes. This is the second time this offseason that Johnson has been traded, with the Mavericks sending him to Memphis as part of a deal headlined by Santi Aldama. New Orleans likely executed Tuesday’s reported transaction to free up the space needed to make Bennedict Mathurin’s signing official. As a result, fantasy managers should not expect Johnson to become a factor next season.
  • MEM Guard-Forward #14
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    The Pelicans traded Micah Peavy, Jordan Hawkins, a future second-round pick and a second-round pick swap to the Grizzlies for AJ Johnson and Taj Gibson.

    The 40th overall pick in the 2025 draft, Peavy averaged 15.0 minutes per game across 61 appearances for the Pelicans as a rookie. He averaged 4.3 points per game in those appearances, shooting 38.5 percent from the field. With the Grizzlies rebuilding, there may be opportunities for Peavy to contribute, but he’s unlikely to be a consistent actor in fantasy basketball next season.
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    ESPN’s Shams Charania reports that the Pelicans traded Jordan Hawkins, Micah Peavy and multiple second-round picks to the Grizzlies for AJ Johnson and Taj Gibson.

    The 14th overall pick in the 2023 draft, Hawkins couldn’t carve out a consistent role for himself over three seasons with the Pelicans. The 2024-25 campaign was his most productive, with the 6-foot-5 guard averaging 10.8 points per game. However, Hawkins couldn’t build on that output, averaging 5.1 points per game last season and falling further down the pecking order in the backcourt. A move to Memphis gives Hawkins a fresh start, but it is unlikely to do much for his short-term fantasy value.
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    Hornets waived Kobe Stewart.

    Signed to an Exhibit 10 contract on September 4, Stewart has been waived by the Hornets. While Monday’s transaction means he won’t participate in training camp, it also means that the 6-foot-6 wing is likely to catch on with the Hornets’ G League affiliate in Greensboro.
  • POR Small Forward
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    The Rose Garden Report’s Sean Highkin reports that the Trail Blazers are signing Hyunjung Lee to an Exhibit 10 contract.

    After leading Nagasaki Velca to its first Japanese B.League title last season, winning Finals MVP honors, Lee played for the Spurs’ summer league team in Las Vegas. The expectation is that he’ll spend next season with Portland’s G League affiliate, which means that Lee is unlikely to impact fantasy basketball in 2026-27. Before beginning his professional career, he spent three seasons at Davidson, earning first-team All-Atlantic 10 honors in 2022.
  • BKN Power Forward
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    HoopsHype’s Michael Scotto reports that the Nets signed Grant Nelson to a two-way contract.

    Nelson performed well enough for the Nets’ G League affiliate to earn a 10-day contract in late February. In four appearances for Brooklyn, Nelson averaged 4.3 points, 1.5 rebounds and 1.3 assists in 8.8 minutes. While the two-way deal gives him a more concrete opportunity than the one he received last season, Nelson is unlikely to impact fantasy basketball in 2026-27.
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    Josh Giddey (ankle) has been cleared to play 5-on-5 with no restrictions.

    Giddey, who missed 28 games last season with the majority of his absences due to a strained left hamstring, underwent right ankle surgery in May. Given a three-month re-evaluation timeline, the Bulls’ starting point guard recently resumed playing 5-on-5 and has not been restricted in any way. With Giddey now a full go, fantasy managers can approach their drafts with the mindset that he’ll be able to hit the ground running. With the additions of Caleb Wilson and Nic Claxton to the Bulls’ roster, Giddey is a legitimate threat to push his assist average into double figures next season (he averaged 9.1 helpers per game in 2025-26).
  • SAC Point Guard #25
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    ESPN’s Marc Spears reports that the Kings and Ben Simmons have agreed to a one-year, $3.5 million deal.

    The first overall pick in the 2016 draft, Simmons is back in the NBA after sitting out the entire 2025-26 season. In his most recent action, the 6-foot-10 point forward appeared in 51 games during the 2024-25 season for the Nets and Clippers. In those appearances, Simmons averaged 5.0 points, 4.7 rebounds and 5.6 assists in 22.0 minutes per game. While he’s had his moments as an effective fantasy option in the past, despite his limited scoring ability, fantasy managers should not expect too much from Simmons in Sacramento. However, keep an eye on him during the preseason to see if Simmons can earn a consistent role.