Heat to Receive Second-Round Pick from Hornets in Terry Rozier Trade Settlement

The pick will be the more favorable of either Golden State's or Denver's second-round selections.

Published on Mar. 9, 2026

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The Miami Heat will receive a second-round pick in this year's draft from the Charlotte Hornets, which serves as additional compensation to settle a dispute surrounding the 2024 trade that sent Terry Rozier from the Hornets to the Heat. The agreement was reached amid discussions regarding the circumstances surrounding Rozier's trade and his ongoing issues related to a federal gambling investigation.

Why it matters

The Terry Rozier trade between the Heat and Hornets has become an 'unprecedented situation' for the NBA, with Rozier currently away from the Heat due to his arrest and charges related to assisting bettors with inside information. This settlement between the teams aims to provide 'satisfactory relief' to the league and both organizations.

The details

In the original 2024 trade, the Heat acquired Rozier from the Hornets in exchange for Kyle Lowry and a 2027 first-round draft pick. However, the NBA was aware of unusual prop bet activity surrounding Rozier's performance in a March 2023 game with the Hornets, though a league probe at the time found no reason to keep him from playing. Details of the federal investigation into Rozier's conduct were not disclosed to the Heat when the trade was made, and it seems unlikely Miami would have completed the deal had they known about the potential charges.

  • The Heat acquired Rozier from the Hornets on January 23, 2024.
  • Rozier has been away from the Heat since the day following its season-opening game in Orlando in October 2026, after he was arrested by federal officials and charged with assisting bettors by releasing information that wasn't available to the general public about his playing status.
  • In December 2026, NBA Commissioner Adam Silver called the circumstances surrounding Rozier 'an unprecedented situation' and said the league was 'going to try to work something through, work this out with them.'

The players

Terry Rozier

A professional basketball player who was traded from the Charlotte Hornets to the Miami Heat in 2024. Rozier is currently facing federal charges related to assisting bettors with inside information about his playing status.

Adam Silver

The current Commissioner of the National Basketball Association (NBA).

Kyle Lowry

A professional basketball player who was traded from the Miami Heat to the Charlotte Hornets in 2024 as part of the deal that sent Terry Rozier to the Heat.

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What they’re saying

“We must try to work something through, work this out with them.”

— Adam Silver, NBA Commissioner (wbal.com)

What’s next

The judge in Rozier's federal case will decide on a future date whether to allow him to be released on bail.

The takeaway

This settlement between the Heat and Hornets highlights the complex and unprecedented nature of the Terry Rozier situation, which involves federal gambling charges and has put the NBA in uncharted territory as it seeks a satisfactory resolution for all parties involved.