MIAMI, FLORIDA - OCTOBER 17: Terry Rozier #2 of the Miami Heat dribbles the ball during the second half in a preseason game against the Memphis Grizzlies at Kaseya Center on October 17, 2025 in Miami, Florida. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Tomas Diniz Santos/Getty Images)
The Miami Heat are officially ending Terry Rozier‘s stint with the team, as they announced he will be waived.
Rozier, 32, is owed $26.6 million this year and is in the final season of a four-year $96.3 million contract that the Heat most definitely regretted handing out.
The former Louisville Cardinal was placed on leave by the NBA during the federal investigation into gambling and being accused of manipulating his own stats so that his “Unders” would hit. This allegedly occurred while Rozier was a member of the Charlotte Hornets.
Rozier was placed under arrest by the FBI during their investigation into an illegal gambling ring. He pleaded not guilty to wire fraud conspiracy and money laundering conspiracy charges.
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Despite being placed on leave, he still held a roster spot, so the Heat decided to create an open roster spot ahead of the Play-In tournament.
With the season coming to an end, the Heat have been planning this move for quite some time, knowing Rozier would not be a factor in the postseason.
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