The Miami Heat is a privately owned American professional basketball team founded in 1988 and based in Miami, United States. Its primary business is spectator sports, employing approximately 940 people.
The Los Angeles Lakers engaged in trade discussions with the Miami Heat regarding Andrew Wiggins earlier this offseason and again recently. The Miami Heat explored the possibility of acquiring Kai Jones, but a recent contract signing in Turkey means this acquisition will be delayed until at least January. External assessments predict a season for the Miami Heat that will be neither exceptionally good nor exceptionally poor. The Miami Heat's playoff appearances generate significant economic activity in South Florida, impacting various sectors including tourism, hospitality, media, merchandise, and real estate. Trade negotiations between the Miami Heat and the Phoenix Suns for Kevin Durant reportedly failed, with the Houston Rockets ultimately acquiring Durant; the Heat were unwilling to trade Kel'el Ware or Nikola Jović, unlike Houston.
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