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The Miami Heat is a professional basketball team based in Miami, Florida, United States. The team is a member of the Southeast Division in the Eastern Conference of the National Basketball Association (NBA). They play their home games at American Airlines Arena. The team is owned by Micky Arison, coached by Erik Spoelstra and are managed by Basketball Hall of Fame coach Pat Riley.
The Heat were formed in 1988 as an expansion franchise along with the Charlotte Hornets.
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Since then, Miami has fielded squads that have made the playoffs 13 out of the 21 seasons, captured seven division titles and won the 2006 NBA Finals against the Dallas Mavericks 4–2.
The Miami Heat entered NBA Free Agency in 2010 with nearly $45 million in salary cap space, with the ability to re-sign free agent Dwyane Wade, and add two of the NBA's top players, LeBron James and Chris Bosh. According to Fox Sports Radio's Stephen A. Smith, the Heat were "highly likely" to sign all three after they had all met around the NBA Draft. The New Jersey Nets, New York Knicks, Los Angeles Clippers, Chicago Bulls, Cleveland Cavaliers, Dallas Mavericks and the Miami Heat were in negotiations to sign LeBron James. On July 7, 2010, Dwyane Wade and Chris Bosh agreed to terms with the Miami Heat. On July 8th, 2010, LeBron James held an hour-long special to announce his decision on ESPN to commit to playing with the Heat. Later that evening, the Heat announced the trade of Michael Beasley to the Minnesota Timberwolves for a pair of second round picks and cash considerations.
On July 8, 2010, it became official that NBA superstars and gold medal winning Beijing Olympic teammates LeBron James, Dwayne Wade, and Chris Bosh would be joining Miami. The Heat completed sign-and-trade deals, sending a total of four future first-round and two second-round picks to the Cavaliers and Raptors for James and Bosh (both signing 6 years and $110.1 million contracts). Dwyane Wade re-signed with the Heat for $107.59 million for six years. All three stars have early termination clauses in their contracts, allowing them to become free agents again in the summer of 2014. The final year on all three deals, for 2015-16, is a player option. The three made their debut at the 2010 Summer Heat Welcome Party at the American Airlines Arena on July 9th, where they were introduced as The Three Kings by Heat play-by-play announcer and event co-host Eric Reid.
Popular Miami Heat players such as LeBron James, Dwayne Wade, Alonzo Mourning and Rony Seiklay are available for corporate appearances, speaking engagements, autograph signings, endorsements and more.
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