Klay Thompson Trade Update: Mavericks' Plan, Buyout Talks & Top Teams in the Running! (2026)

The NBA off-season is heating up, and Klay Thompson's future remains a topic of intense speculation. The veteran shooting guard, known for his clutch performances and deadly accuracy, is a free agent after his contract with the Dallas Mavericks expired. The Mavericks, despite being open to trade discussions, have yet to engage in "extensive" talks, according to Brett Siegel of ClutchPoints. This has led to a fascinating dynamic where multiple teams are vying for Thompson's services, each with its own unique motivations and challenges.

One of the most intriguing potential destinations for Thompson is the Miami Heat. The Heat have been frequently linked to Thompson, and they could theoretically match his $17.5MM expiring salary by trading Nikola Jovic, who will make $16.2MM in 2026/27. However, the Heat's front office doesn't appear enthusiastic about this scenario, as Jovic's value is at an all-time low after a disappointing, injury-plagued season. The Mavericks would likely seek sweeteners to take on Jovic's four-year contract, while the Heat is reluctant to sell low.

If a Jovic trade is off the table, the Heat's only realistic path to landing Thompson would be if he's bought out by Dallas and reaches free agency. This outcome is also desired by Thompson's other suitors, including the Lakers and Warriors. The Magic, who had serious interest in Thompson when he was a free agent in 2024, haven't renewed that interest this time around.

The Mavericks and Thompson have yet to discuss a buyout, and Thompson hasn't approached the team about negotiating his exit. The Mavericks want to try to use Thompson's expiring contract to extract something of value in a trade. If Thompson were to pursue a buyout and the Mavericks were to relent, the Heat and Lakers are the top contenders for his services. These teams are closer to title contention than the Warriors, and Thompson has expressed a desire to get back to the postseason and contend for a championship.

The idea of Thompson reuniting with his longtime Warriors teammates, Stephen Curry and Draymond Green, is a tantalizing prospect. However, Siegel classifies it as highly unlikely that Thompson would return to Golden State before the 2026/27 season tips off. The allure of playing with Luka Doncic in Dallas and the opportunity to team up with Curry and Green in Golden State are both significant factors in Thompson's decision-making process. As the off-season unfolds, the NBA world awaits Thompson's next move, knowing that his decision will have a profound impact on the league's competitive landscape.

Klay Thompson Trade Update: Mavericks' Plan, Buyout Talks & Top Teams in the Running! (2026)
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