Klay Thompson's tenure with the Dallas Mavericks has come to an end after a contract buyout was agreed upon. This development follows the trade of Luka Doncic, which significantly impacted Thompson's time with the team.

Thompson is expected to sign with the Miami Heat, according to a person familiar with his plans, once he clears waivers. The details of the buyout and Thompson's future plans are known through a person familiar with the situation.

Further information about the contract buyout and Thompson's intentions can be found through additional reporting on the matter.