What happened: After clearing waivers following a Dallas buyout, Klay Thompson signed a two-year, $11.5 million contract. DeMar DeRozan agreed to a one-year, $3.9 million deal for his 18th NBA season.
Why it matters: Miami gains an established perimeter shooter for its reworked rotation. Denver adds a veteran half-court scorer on a minimum contract.
By the numbers: Thompson averaged 11.7 points, 2.1 rebounds and 1.4 assists across 69 games last season. DeRozan averaged 18.4 points over 77 games and ranks 16th in NBA history with 26,711 points.
What to watch: Training camp will clarify each veteran's role and minutes entering the 2026-27 season.