What happened: Thompson cleared waivers Monday, allowing agent Greg Lawrence to finalize the agreement. A player option gives Thompson control over the second season.
Why it matters: Miami adds a proven perimeter shooter to its roster for the 2026-27 season. The signing completes the buyout route previously linked to Thompson.
By the numbers: Thompson has won four NBA championships.
What to watch: Miami's plans for Thompson's role should become clearer when training camp opens.