Thompson Lands in Miami. The Roster Is Built. Now the Questions Start.

Klay Thompson reached a buyout agreement with Dallas on Thursday and is headed to Miami, giving the Heat the floor-spacing they've been chasing all summer. The fit is obvious — a career-long elite shooter slotting alongside Giannis Antetokounmpo and Bam Adebayo, stretching defenses that would otherwise collapse on both of them. Miami had Thompson in its sights for weeks, and the Mavericks' inability to find a trade partner made the buyout inevitable.

That completes the roster construction, more or less. Since the Giannis trade became official in early July, the Heat have locked in Andrew Wiggins on a three-year extension, added Tim Hardaway Jr. for perimeter depth, and now Thompson. The spacing around the two big men is real. The championship-or-bust framing the front office accepted when it sent Herro, Jaquez, and Ware to Milwaukee is no longer just rhetoric — the pieces are actually there.

The open item heading into camp is health. Both Giannis and Adebayo are currently listed day-to-day, which in August is usually nothing. But this roster has no margin. Last season Miami went 3-7 on the road in its final 20 games and gave up points in bunches down the stretch — the kind of structural problems a healthy Giannis can paper over and an injured one cannot. The pairing has never played a regular-season minute together. That's the part nobody knows yet.

Thompson's arrival closes the offseason. It doesn't answer anything about how this group actually functions once the games count.