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Cover art for Klay Thompson trade rumors pit Lakers against Heat while fans debate defensive fit and contract value

Klay Thompson trade rumors pit Lakers against Heat while fans debate defensive fit and contract value

August 9, 2026 · 5 min

Devin Cross & Jonathan Ingles

The Dallas Mavericks are resisting a Klay Thompson buyout despite holding no real trade offers, per The Athletic. Thompson, 36, is owed $17.5 million on an expiring deal he signed in July 2024 to play with Luka Dončić — who Dallas then traded. The likely outcome: a minimum contract back with Golden State.

As of early August 2026, Klay Thompson's future with the Dallas Mavericks is in serious doubt. The 36-year-old shooting guard is entering the final year of the three-year, $50 million contract he signed with Dallas in the summer of 2024, owing him $17.5 million for the 2026-27 season before he becomes an unrestricted free agent in 2027.

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About this episode

The Klay Thompson situation has the shape of a bidding war — Lakers interest, Heat priority reporting, Dallas holding firm — but pull at any thread and the whole thing unravels. The Mavericks are publicly resistant to a buyout, yet The Athletic reported as of August 3rd that no team has produced a real offer. The leverage they're guarding doesn't exist. Dallas signed Thompson in July 2024 because of Luka Dončić. Then they traded Dončić. Now they're sitting on $17.5 million for a 36-year-old on an expiring deal, with 16 standard contracts and 15 roster spots, waiting for a market that hasn't shown up. Miami's interest is real — Shams confirmed it on NBA Today, Barry Jackson at the Herald called Thompson their offseason priority — but the fact they're waiting for a buyout rather than structuring a trade signals a cap-matching problem, not a desire problem. The Lakers angle is thinner still: the most vocal recruiter on record is Mychal Thompson, Klay's father, doing advocacy on a Lakers radio broadcast. That's not a front-office pursuit. The episode cuts through the noise to ask who actually benefits if Dallas folds — and lands on an answer most of the coverage has ignored. Golden State led the entire league in three-point attempts last season at 44.1 per game. Klay shot 38.3% from three on 7.5 attempts in under 22 minutes. The math is uncomfortable for every other rumored destination. This episode is worth your time if you want the honest version of this story, not the loudest one.

Frequently asked

Will the Mavericks buy out Klay Thompson?

The Dallas Mavericks are publicly resistant to buying out Klay Thompson but, as of August 3rd, no team had produced a real trade offer according to The Athletic. With 16 players for 15 roster spots and no trade market for Thompson's $17.5 million expiring deal, a buyout appears increasingly inevitable.

Are the Lakers actually pursuing Klay Thompson?

Evidence of a real Lakers pursuit of Klay Thompson is thin. At least one source reported nothing suggesting the Lakers have actually contacted Dallas, and the loudest recruiter has been Mychal Thompson — Klay's father and a Lakers radio broadcaster — not the franchise's front office.

What is the Heat's interest in Klay Thompson?

The Miami Heat have confirmed interest in Klay Thompson, with reporter Barry Jackson calling him the team's offseason priority. However, the Heat appear to lack the salary-matching trade infrastructure to execute a deal, which is why they are waiting for Dallas to grant Thompson a buyout rather than structuring a trade.

How did Klay Thompson play last season?

Klay Thompson shot 38.3% from three-point range on 7.5 attempts per game in under 22 minutes last season — numbers analysts cite as evidence of elite spacing value. Critics counter that his reduced role and age, now 36, raise questions about his viability as a featured contributor.

Could Klay Thompson return to the Golden State Warriors?

A Golden State Warriors reunion is a credible outcome for Klay Thompson after a Dallas buyout. The Warriors led the NBA in three-point attempts last season at 44.1 per game, a system where Thompson could contribute without creating his own shot, potentially signing for the veteran minimum.

Grounded in 11 sources
https://ftw.usatoday.com/story/sports/nba/2026/08/07/klay-thompson-mavericks-trade-rumors-lakers-heat-interest/91218267007/ · ftw.usatoday.com
The Mavericks have 16 standard contracts. What’s their next move? - The Athletic · nytimes.com
Heat Get Clear Message From 6-Time All-Star Amid Klay Thompson Pursuit - Yahoo Sports · sports.yahoo.com
4 Teams Linked to Sign-&-Trade For Clippers’ Unsigned RFA Bennedict Mathurin · sports.yahoo.com
Mavericks ‘very resistant’ to buyout for Klay Thompson due to Lakers, Heat interest - Yahoo Sports · sports.yahoo.com
Mavs reportedly clarify Klay Thompson stance amid Lakers, Heat interest - Yahoo Sports · sports.yahoo.com
Lakers’ 3-Team Trade Pitch Lands Klay Thompson, Solves Roster Crunch - Yahoo Sports · sports.yahoo.com
Klay Thompson trade rumors intensify amid Lakers and Heat interest - Yahoo Sports · sports.yahoo.com
Klay Thompson landing spots: Where Mavericks star could go if moved · usatoday.com
Klay Thompson potential landing spots include Lakers, Warriors · usatoday.com
Klay Thompson buyout stance with Mavericks revealed amid trade speculation - Basketnews.com · basketnews.com
Read transcript

Jonathan Ingles: Hey — before we even get into takes, can I just say the Klay Thompson situation is the funniest bad front-office position I've seen in years? And I mean that seriously.

Devin Cross: Oh, we're absolutely getting into it — wait, funny how?

Jonathan Ingles: Dallas is publicly resistant to a buyout. That's the stance. But The Athletic reported August 3rd that no team has produced a real offer. So the leverage they're protecting doesn't exist.

Devin Cross: No — no, that's exactly right, and nobody's saying it that clean. The whole 'we prefer a trade' position only works if someone wants to trade for you. Klay signed in July 2024 to play with Luka Dončić — that was the reason, that was the whole thing — and then Dallas traded Dončić. Now they've got sixteen bodies for fifteen spots and apparently zero phone calls.

Jonathan Ingles: And seventeen-and-a-half million on an expiring deal for a thirty-six-year-old is — frankly, that's not a number that moves asset markets.

Devin Cross: It's not even close. So here's my take, full chest: Dallas buys him out in September. Has to. The only question is whether they do it in August with dignity or September in a panic.

Jonathan Ingles: I'm close to agreeing — though 'dignity' might be generous for a front office that traded away the reason Klay came there in the first place.

Devin Cross: Fair — but the dignity thing is almost beside the point because, wait, the actual problem isn't even pride. It's the number. Seventeen-and-a-half million. Nobody's building a trade around that.

Jonathan Ingles: That's the whole thing. Shams confirmed Miami's in — NBA Today, on record — and Barry Jackson at the Herald called Thompson Miami's offseason priority. Their priority. But if the Heat had real trade infrastructure they'd have structured a deal already. The fact they're waiting for a buyout tells you their matching salary is a problem, not their interest level.

Devin Cross: Miami's priority that they can't actually... yeah, that tracks.

Jonathan Ingles: And then the Lakers side — look, the loudest voice saying Klay comes home is Mychal Thompson. His father. A Lakers radio broadcaster. That's not a front-office pursuit, that's a dad with a microphone saying he's 'really trying' to persuade his son. Those are not the same thing.

Devin Cross: Come on — I mean, I knew the Lakers angle was thin, but when you say it like that it's almost embarrassing. The man shot 38.3% from three on seven-and-a-half attempts a game in under 22 minutes last season — that's elite spacing — and the loudest recruiter is his dad doing radio?

Jonathan Ingles: The player is real. The market isn't. And stay tuned — because once Dallas finally folds on this buyout, there's a landing spot nobody's seriously discussing that changes the whole story.

Devin Cross: Wait — nobody's discussing it, but I'm going Golden State. Because, no, think about it — Kerr's still there, Curry's still there, and the Warriors led the entire league in three-point attempts last season. Forty-four-point-one a game. Klay doesn't have to create anything. He just has to stand in the corner and be Klay.

Jonathan Ingles: Forty-four-point-one attempts. That's — okay, that number actually does something to the argument.

Devin Cross: Right? And look, here's the scenario — it's September 2nd, a Mavericks GM has worked through fourteen teams, nobody moves cap space, nobody calls back. He picks up the phone at nine in the morning and tells Klay's agent: buyout Friday. Klay clears waivers, Golden State calls. The entire Lakers-Heat pursuit — the Mychal Thompson radio campaign, the Barry Jackson 'priority' reporting — it was just theater to pull the price down.

Jonathan Ingles: The dramatic scenario with the exact time is very you, I'll give you that.

Devin Cross: Come on — the point stands! And Brett Siegel at ClutchPoints straight-up reported the Mavericks have no current interest in a buyout. That's not resistance, that's a position they're already losing. Meanwhile at least one source said nothing suggests the Lakers have actually contacted Dallas. Nothing. So the loudest bidder in this whole thing is — again — Mychal Thompson on a Lakers radio broadcast.

Jonathan Ingles: The fit argument for LA is real on paper — JJ Redick, Austin Reaves handling the ball, Klay off-ball. Frankly that system works for him. But a fit argument isn't a phone call. Those are different things.

Devin Cross: That's the partial win I'll take — the Lakers fit is real, the Lakers pursuit is not. And when Dallas finally folds, Golden State minimum contract, Curry-Klay year two, that's the actual ending to this whole thing.

Jonathan Ingles: And if that's right — if Klay clears waivers and Golden State signs him for the minimum — the entire thing was fiction. The Lakers pursuit, the Heat priority, all of it. Dallas waited too long, the market collapsed, and they handed him back to Curry for free. That's the actual verdict.

Devin Cross: I mean — yeah, I'll take that. Full chest. Golden State, minimum deal, September. That's my call and I'm leaving it on record.

Jonathan Ingles: Mychal Thompson spent three months on Lakers radio and his son ends up back where he started. That's a podcast episode.

Devin Cross: Clip it. We're done.

Klay Thompson trade rumors pit Lakers against Heat while fans debate defensive fit and contract value · Onpode