MIAMI HEAT

The Heat posted back-to-back play-in seasons with records of 46-36 in 2023-24 and 37-45 in 2024-25, making the playoffs as a 10-seed in 2025 but getting swept by Cleveland in the first round. They finished 43-39 in 2025-26 but lost in the play-in tournament to Charlotte, missing the playoffs for the first time since 2019. This summer's blockbuster trade sent Tyler Herro, Kel'el Ware, Jaime Jaquez Jr. and Kasparas Jakucionis to Milwaukee for Giannis Antetokounmpo, reshaping the collector landscape as cards for the departing young core now follow Milwaukee while Norman Powell's exit to Chicago in free agency removes another key name from Miami-branded demand.

Where they stand: The 2025-26 season concluded with a 43-39 record and a 10th-place finish in the Eastern Conference, marking their play-in elimination in April. The offseason acquisition of Giannis Antetokounmpo has completely changed the roster, with Bam Adebayo, Tyler Herro, and Simone Fontecchio among the current 2025-26 roster alongside new additions as the team prepares for the 2026-27 campaign. Miami signed Tim Hardaway Jr. to a one-year deal and brought back Simone Fontecchio while still evaluating additional roster moves heading into the new season.