What happened: The Mavericks still prefer trading Klay Thompson rather than negotiating a buyout, according to Marc Stein. Miami and other teams hope he reaches free agency through a buyout.
Why it matters: A trade would allow Dallas to seek value for Thompson instead of releasing him. A buyout would let interested teams pursue him without sending assets to the Mavericks.
By the numbers: Thompson averaged 11.7 points across 69 games in 2025-26 while shooting 38.3% from 3-point range.
What to watch: Watch for a trade offer or a change in Dallas' buyout stance.