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DeRozan Joins Nuggets, Klay Heads to Heat as Stad Takes Control of Wolves and Lynx

August 22, 2026•Por FinalSkore

DeMar DeRozan has agreed to a one-year veteran minimum deal with the Denver Nuggets, Klay Thompson is set to join the Miami Heat on a reported two-year, $13 million contract following a Mavericks buyout, and investor Marc Stad has become the controlling owner of the Minnesota Timberwolves and Minnesota Lynx in a deal valued at $4.5 billion. The trio of moves reshapes a defending champion’s rotation, bolsters a perennial contender, and ushers in a new power structure atop a dual NBA–WNBA franchise.

DeRozan to Denver, Klay to Miami, and a New Power Player in Minnesota Reshape NBA Landscape

In a flurry of late-offseason moves, DeMar DeRozan has agreed to join the Denver Nuggets, Klay Thompson is set to land with the Miami Heat after a buyout from the Dallas Mavericks, and investor Marc Stad has completed a deal to become the controlling owner of the Minnesota Timberwolves and Minnesota Lynx.

Taken together, the moves touch everything from title-contending rotations to the long-term direction of a dual NBA–WNBA franchise.

DeMar DeRozan chooses Denver on one-year deal

According to multiple reports, DeMar DeRozan has agreed to a one-year contract with the Denver Nuggets at the veteran minimum, worth approximately $3.9 million.

A report from the Manila Bulletin notes that the agreement is for a one-year deal at $3.9 million, describing it as a veteran minimum contract and citing a person with knowledge of the deal.

A separate roundup from fantasy and NBA news outlet Dunkest similarly reports that DeRozan agreed to a one-year, $3.9 million deal with the Nuggets after being waived by the Sacramento Kings. That piece frames the move as DeRozan opting to join Denver’s core, highlighting that he will now play alongside star center Nikola Jokic.

For Denver, adding DeRozan on a minimum contract is a notable swing for additional playmaking and half-court scoring depth on the wing. The terms and structure, as reported, suggest a low-risk commitment for the defending champions while giving DeRozan a chance to contribute on a contender.

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DeRozan Joins Nuggets, Klay Heads to Heat as Stad Takes Control of Wolves and Lynx | FinalSkore

Klay Thompson headed to Heat after Mavericks buyout

The same Dunkest news roundup details a second headline move: Klay Thompson and the Dallas Mavericks have reached a buyout agreement, clearing the way for him to join the Miami Heat once he clears waivers.

That report states that the four-time NBA champion is expected to sign with Miami, positioning him as a significant veteran addition on the perimeter for the Heat.

Further reporting from the Times of India adds financial context, noting that Thompson agreed to join the Heat on August 21, 2026 after a Mavericks buyout, and that he is expected to sign a two-year contract worth nearly $13 million, including a player option in the second year.

A podcast recap from the Locked On Heat show, summarized in its episode description, reiterates that Miami has landed Thompson on a two-year, $13 million deal with a player option, describing it as the culmination of weeks of speculation about his next destination.

For Miami, Thompson’s reported arrival represents a notable bet on his shooting and experience on a short-term, cap-conscious contract. The structure — two years with a player option — gives Thompson some flexibility while keeping the Heat’s long-term books relatively clean.

Marc Stad becomes controlling owner of Timberwolves and Lynx

While player movement dominated much of the chatter, one of the most consequential developments for a single organization came off the court.

According to an ESPN report, American businessman Marc Stad has completed a deal to become the controlling owner and largest shareholder of the NBA’s Minnesota Timberwolves and the WNBA’s Minnesota Lynx. The report cites sources who value the transaction at $4.5 billion.

Per that reporting, Stad acquired the majority of co-owner Marc Lore’s stake in the two franchises. Lore will retain a minority investment, while co-owner Alex Rodriguez has increased his equity stake. The exact breakdown of shares between Lore and Rodriguez is not detailed, but both remain part of the ownership group under Stad’s control.

The Dunkest news roundup also highlights the transaction, noting that Stad’s purchase of a controlling stake in the Timberwolves and Lynx is based on a valuation of $4.5 billion for the combined franchises.

For Minnesota, the deal formalizes a new power structure atop both the NBA and WNBA sides of the organization. Stad’s role as controlling owner and primary shareholder gives him the lead say on strategic direction, while the continued presence of Lore and Rodriguez provides continuity from the previous regime.

Why this day matters

Taken together, this late-August burst of news reshapes several corners of the NBA and WNBA map:

  • Denver adds DeMar DeRozan on a low-cost one-year deal, boosting depth and offensive creativity without a major financial risk.
  • Miami positions itself to add Klay Thompson on a two-year, roughly $13 million contract after a buyout from Dallas, banking on his shooting and championship experience.
  • Minnesota’s NBA and WNBA franchises enter a new era under Marc Stad as controlling owner, with a reported $4.5 billion valuation underscoring how coveted dual-market teams have become.

Each move stands on its own. Together, they signal that even deep into the offseason calendar, the league’s balance of power — on the floor and in the boardroom — is still very much in motion.

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