Miami Heat(Photo by Patrick McDermott/Getty Images)

There have been a slew of trades and free agent signings made over the last several weeks, headlined by the Miami Heat acquiring Giannis Antetokounmpo in a six-player blockbuster in late June.

However, those deals can’t be made official until July 6 — the official end of the league’s moratorium period. Terms can be agreed upon, but trades, as an example, could be bridged together by this time. There could also be slight changes in the originally-reported salary figures and signings.

Pen can’t officially touch the paper until 12:01 p.m. EST. So, what is there to expect from the Miami Heat? Let’s examine!

Heat can finalize Giannis Antetokounmpo blockbuster:

Ah, yes, the big one.

Antetokounmpo was dealt to Miami in late June in a six-player package headlined by Tyler Herro and Kel’el Ware. The two-time MVP was dealt as well as veteran big Bobby Portis, who the Heat absorbed with its $16.8 million trade exception.

At the time of the trade, it was reported that just two teams — Miami and Milwaukee — were involved despite weeks of speculation that this was going to include at least three or four teams. According to the Miami Herald’s Barry Jackson, it’s still only expected to include two, barring any last-minute changes to the test.

As of yesterday, it was still a two-team trade with Bucks and Heat. (It’s an unpredictable business, so always a chance something could crop up before finalized). But today’s confirmation of signings isn’t expected to include surprises. As @Anthony_Chiang and I said last Tuesday,…

— Barry Jackson (@flasportsbuzz) July 6, 2026

Tim Hardaway Jr. signs one-year, $6.5 million deal:

Through nearly one week of free agency, Hardaway remains the Heat’s only external signing. The son of former Heat guard Tim Hardaway Sr., Hardaway Jr. finished top-3 in Sixth Man of the Year voting last year with the Denver Nuggets. He led all reserves in 3-point makes, canning a career-most 224, averaging 13.5 points on a career-best 40.7 percent from 3-point range.

Could there be another move in the works?

As more moves become finalized around the NBA, there will be ripple effects. There will almost certainly be a twist somewhere, whether it’s a player getting rerouted elsewhere or, in a more uncommon instance, signing somewhere else (i.e. DeAndre Jordan in 2015). None of these may directly involve the Heat, but that does not mean the Heat, who have three empty roster spots, won’t look to inquire elsewhere.

After all, we still have a long offseason ahead, and the Heat still have work to do.

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