Miami Heat Release Terry Rozier Amid Ongoing Gambling Investigation

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The Miami Heat have officially waived Terry Rozier following his arrest related to a federal gambling operation. Rozier, who played only one game for the Heat this season, was taken into custody for allegedly providing insider information to help bettors on his performance during a game with the Charlotte Hornets. This decision comes as the Heat prepare for the postseason, with a deadline to sign a replacement player by Sunday. Despite the legal issues, Rozier has collected his $26.6 million salary this season, with an arbitrator ruling in his favor after his arrest. The Heat traded for Rozier in January 2024, unaware of the ongoing investigation, and have since maintained his presence on injury reports throughout the season.
Key Details: • The Heat have until Sunday to sign a new player to their roster. • Rozier was arrested on October 23, 2023, the day after the season opener. • He has been on leave from the NBA since his arrest. • Rozier's salary this season amounts to $26.6 million, which he continues to receive. • The Heat traded for Rozier in January 2024, sending Kyle Lowry and a 2027 first-round pick to Charlotte.