In a significant move for the Miami Heat, Klay Thompson has officially signed with the team after clearing waivers. The Heat had been eagerly anticipating the opportunity to add the veteran sharpshooter to their revamped roster.

Thompson's New Deal

Thompson, who ranks fourth on the NBA's all-time list for three-pointers made, finalized a two-year contract with Miami worth $13 million, which includes a player option for the second year. This deal was first reported by ESPN's Shams Charania. The signing comes after Thompson cleared waivers on Sunday afternoon, allowing him to join the Heat without delay.

A Perfect Fit for Miami

The addition of Thompson aligns well with the Heat's strategy, particularly as they look to enhance their shooting capabilities around newly acquired star Giannis Antetokounmpo and current center Bam Adebayo. Heat President Pat Riley expressed his enthusiasm, stating, "Klay is one of the most iconic players to ever suit up in the NBA." He emphasized Thompson's all-around contributions to the game, highlighting his experience as a four-time champion.

At 36 years old, Thompson enters his 14th NBA season, boasting a career three-point shooting percentage of 41%. Last season marked the 11th occasion he made over 200 three-pointers, a feat achieved by only seven players in Heat history. His championship experience, including his role in the Golden State Warriors' "Splash Brothers" duo alongside Stephen Curry, further solidifies his value to the team.

This signing is part of a broader strategy for the Heat, who have also acquired Antetokounmpo and Bobby Portis from the Milwaukee Bucks, sending several players, including Tyler Herro, in return. Additionally, they signed Tim Hardaway Jr., another strong three-point shooter with Miami ties. Thompson's arrival marks a pivotal moment as the Heat aim to contend for championships in the upcoming season.