Gabe Madsen

Heat Sign Steve Settle, Waive Gabe Madsen

The Heat have signed forward Steve Settle III and waived wing Gabe Madsen, according to the team.

Miami originally agreed to an Exhibit 10 contract with Settle right after he went undrafted in June. It’s now come to fruition.

Settle started in all 31 games in which he appeared last season at Temple and averaged 12.6 points, 6.2 rebounds, 1.7 assists, 1.0 steals, 1.0 blocks and 33.2 minutes per contest while shooting 47.8% from the field, 41.6% from three-point range and 73.6% from the foul line. He led the team in rebounds, blocks, minutes and three-point field goals made.

Additionally, he appeared in five Summer League games with the Heat.

Madsen re-signed with Miami last week after being waived in September. He returned on an Exhibit 9 contract and appeared in two preseason games, averaging 4.5 points and 2.0 assists in 14.5 minutes per night.

Madsen played a five-year collegiate career, beginning at Cincinnati and spending the next four years at Utah. He averaged 15.2 points per game in 2024/25 and made 36.0% of his three-point attempts over the course of his five college seasons.

Settle will likely be waived and join the Sioux Falls Skyforce in the G League. If he stays at least 60 days with Miami’s affiliate, he’ll be eligible for a bonus worth up to $85,300.

Heat Notes: Mitchell, Ware, Jakucionis, Keels

Kasparas Jakucionis and Pelle Larsson returned from injuries to make their preseason debuts on Wednesday, and there appears to be more good news on the horizon for the Heat, writes Anthony Chiang for the Miami Herald. According to Chiang, guard Davion Mitchell, who missed part of training camp with calf soreness and has yet to suit up during the preseason, is expected to be available for Sunday’s game against the Magic.

The 27-year-old point guard was not overly concerned about the injury.

It was just a calf strain,” he said. “I kind of felt something in my calf. They kind of have been cautious of it because obviously the calf is a big part, especially with the injuries [around the NBA] that we had last year and things like that. So they kind of just wanted to be cautious and make sure I’m ready 100 percent.

With Tyler Herro likely to miss the first month of the season as he recovers from left ankle surgery, Mitchell is expected to be vying for the role of day-one starter for the Heat. After playing some of the best basketball of his career down the stretch last season, he expressed frustration with being slowed down by the injury.

Especially with the new offense we got, you kind of want to get that chemistry together to play faster,” he said. “So I kind of got a little step behind not going through the actual games with them. But I’ve been doing it in practice, so I feel good about it.”

Chiang also notes that Simone Fontecchio is participating in practice but remains limited due to left lower leg tightness. Herro and Terry Rozier are both still out without firm return dates.

We have more news from the Heat:

  • After Kel’el Ware put up a double-double in the Heat’s second preseason game, head coach Erik Spoelstra expressed that he was not moved by the big numbers and wanted the big man to focus on making a positive impact on the game. Ware wasn’t discouraged by those remaks, viewing them instead as an opportunity, writes Ira Winderman of the South Florida Sun-Sentinel (subscriber link). “I always take anything Spo says to me as motivation,” Ware said. “I take it and I try to impact it in my game and I try to play as hard as I can.” Ware responded on Wednesday with 29 points and 12 rebounds — and most importantly, he helped the Heat outscore the Spurs by 10 when he was on the court. It was a big performance, and his coach noticed. “He put a lot of it together,” Spoelstra said. “His pick-and-roll coverages were really good, protecting the basket. He was closing out when he needed to. He rebounded the ball very well. And he was playing with force.” While Ware has a lot of skill, playing with force is a clear point of emphasis for Spoelstra. “My favorite play was when he had an opportunity to shoot a three at the top of the key and he just drove it so hard,” Spoelstra said.
  • Also turning in an impressive performance on Wednesday night was Jakucionis, who scored eight points and handed out 10 assists in his preseason debut after missing the first two games with a sprained wrist. It was a strong start for the 2025 first-round pick, writes Chiang. Spoelstra noted that there was already a budding chemistry between the rookie point guard and second-year big man, saying, “You can see a natural connection between him and Kel’el.” Jakucionis, for his part, knows there’s still a lot of work to do, especially in terms of scoring efficiency. “I’m just trying to be consistent, stay the same,” he said. “Discipline, and stay the same mind. Don’t go too high when I’m doing good and don’t go too low when I’m doing not that good. So I’m just trying to stay consistent, stay the same way, and just improving every day to try to get 1 percent better.
  • Ware and Jakucionas were not the only recent Heat first-round picks to show out on Wednesday, Chiang writes in a separate article. Jaime Jaquez Jr., coming off a slightly disappointing sophomore season, scored 19 points on eight shots in 28 minutes. He impressed Spoelstra, who, characteristically, still wants to see more from the young forward. “He’s such a downhill force that he’s going to attract help-side defenders,” Spoelstra said. “So naturally, he has to evolve and make enough plays to keep the defense honest because we need him to be aggressive.”
  • Trevor Keels was recently waived in order for Miami to sign Gabe Madsen. Both players are expected to end up with the Sioux Falls Skyforce, Winderman writes (subscriber link). Spoelstra spoke on the two players, both of whom showed enough for the Heat coach to take notice. “We want to continue to develop him, for sure,” Spoelstra said of Keels. “He showed a lot of improvement over the last few weeks. He’s gotten in better shape. He’s committed to our defensive system. And I told him this is just the beginning.” As for Madsen, Spoelstra saw some of the famous “Heat Culture” in the young guard. “He showed a level of grit, a competitive toughness that we like,” Spoelstra said. “And he’s also skilled. He knows how to play without the ball and shoot the ball, or drive off those catches. So we’re encouraged by that.”

Heat Sign Gabe Madsen, Waive Trevor Keels

The Heat have signed Gabe Madsen, the team announced in a release. In a corresponding move, they waived Trevor Keels.

Miami signed Madsen to an Exhibit 10 deal in September, but waived him to make room to sign Precious Achiuwa. Now, he’s back on an Exhibit 9 contract, per Anthony Chiang of The Miami Herald (Twitter link).

Madsen played a five-year collegiate career, beginning at Cincinnati and spending the next four years at Utah. He averaged 15.2 points per game in 2024/25 and made 36.0% of his three-point attempts over the course of his five college seasons.

Keels, who played collegiately at Duke, scored 12 points in Miami’s preseason opener. He’s likely headed for the Sioux Falls Skyforce, Miami’s G League affiliate. His Exhibit 10 contract makes him eligible for a bonus worth $85,300 if he spends at least 60 days with the Skyforce.

Heat Sign Precious Achiuwa To One-Year Deal

September 25: Miami has signed Achiuwa, the team announced in press release. In a corresponding move, Gabe Madsen has been waived, per the Heat.


September 24: The Heat have agreed to a one-year contract with big man Precious Achiuwa, ESPN’s Shams Charania reports (via Twitter). It’s a non-guaranteed, minimum-salary deal, according to Anthony Chiang of the Miami Herald (Twitter link).

Achiuwa was one of the top remaining frontcourt players on the free agent market. He appeared in 57 games with the Knicks last season, including 10 starts, and averaged 6.6 points and 5.6 rebounds in 20.5 minutes per night. Achiuwa also saw limited minutes in eight postseason games.

Miami’s interest in signing him was reported earlier this month.

It’s the second stint for Achiuwa in the Heat organization. They drafted him with the No. 20 overall pick in 2020 and he played 61 games as a rookie.

Miami then traded him to Toronto in a deal that sent Kyle Lowry to the Heat. He played two-and-a-half seasons with the Raptors before getting traded to the Knicks during the 2023/24 season.

Achiuwa will provide depth at the power forward and center spots, assuming he makes the 15-man roster. Miami had a full camp roster and will have to shed a player to make the signing official.

If Achiuwa does stick with the Heat for the regular season, the team’s salary would move slightly above the luxury tax line. However, since luxury tax penalties are based on salaries at the end of the season, Miami would have until the trade deadline to duck back below that threshold.

Heat Sign Four Players To Exhibit 10 Contracts

The Heat have filled out their 21-man offseason roster by signing guards Jahmir Young, Gabe Madsen, and Trevor Keels, as well as forward Dain Dainja, the team announced today in a press release.

All four players signed Exhibit 10 contracts, per Ira Winderman of The South Florida Sun Sentinel (subscription required). The expectation is that they’ll compete for a two-way contract in training cap, writes Barry Jackson of The Miami Herald.

A 6’1″ point guard who went undrafted out of Maryland in 2024, Young opened his first professional season with the Grand Rapids Gold, before signing a two-way deal with Chicago in February and finishing the year with the Bulls.

Although he logged just 30 total minutes in six games at the NBA level, Young starred in the NBAGL, averaging 21.7 points, 7.0 assists, 4.5 rebounds, and 1.9 steals per game in 43 total outings for the Nuggets’ and Bulls’ affiliates. The 24-year-old was named to the G League’s All-Rookie team and finished third in Rookie of the Year voting.

Madsen spent the past four years playing for the University of Utah. In his final college season in 2024/25, the 6’6″ guard averaged 15.2 PPG, 2.6 RPG, and 2.5 APG in 29.7 MPG, with a .371/.322/.854 shooting line.

Those subpar shooting numbers were uncharacteristic for Madsen, who had made 38.2% of his career three-point tries prior to last season. He showed off his long-range ability while playing for the Warriors’ Summer League team, averaging 9.2 PPG with a .519 3PT% in just 14.0 MPG across six appearances.

Keels was the No. 42 overall pick in the 2022 draft, but appeared in just three games as a rookie for the Knicks and has been out of the NBA since then, with the exception of a couple preseason Exhibit 10 deals. A 6’5″ guard who suited up for the Pistons at this year’s Las Vegas Summer League, Keels has spent the past two seasons with the Iowa Wolves in the G League. In 2024/25, he averaged 19.8 PPG, 3.8 APG, and 3.3 RPG on .440/.369/.786 shooting in 46 contests for Iowa.

Dainja went undrafted out of Memphis this June. The 6’9″ forward averaged 14.6 PPG, 7.4 RPG, 1.7 APG, and 1.3 BPG in 27.2 MPG across 35 outings (19 starts) as a senior. He was productive in a modest role for Miami’s Summer League team in July, averaging 9.2 PPG and 2.6 RPG in just 13.4 MPG (five games).

The Heat’s agreements with Madsen and Young were previously reported. The team was also said to have a deal in place with undrafted rookie Steve Settle III, but that agreement either fell through or won’t be completed until closer to the season for G League purposes.

Miami is carrying 12 players on fully guaranteed contracts, two (Terry Rozier and Pelle Larsson) on partially guaranteed deals, a pair (Vladislav Goldin and Myron Gardner) on two-way contracts, and five on Exhibit 10 pacts — Ethan Thompson is the other player on an Exhibit 10 deal.

While there’s ostensibly just one two-way spot open for the training camp invitees on Exhibit 10 contracts, the Heat wouldn’t face any sort of cap penalty for waiving Goldin or Gardner if they decide they want to convert more than one of those camp invitees to two-way deals.

Heat, Gabe Madsen Agree To Exhibit 10 Deal

Undrafted rookie shooting guard Gabe Madsen has agreed to sign an Exhibit 10 contract with the Heat, reports Jon Chepkevich of DraftExpress (Twitter link).

Madsen spent the past four years playing for the University of Utah. In his final college season in 2024/25, he averaged 15.2 points, 2.6 rebounds, and 2.5 assists in 29.7 minutes per game across 33 outings (all starts), with a .371/.322/.854 shooting line.

Those subpar shooting numbers were uncharacteristic for Madsen, who had made 38.2% of his career three-point tries prior to last season. He showed off his long-range ability this month while playing for the Warriors at the California Classic and Las Vegas Summer Leagues, averaging 9.2 PPG with a .519 3PT% in just 14.0 MPG across six appearances.

As Chekpevich notes, Madsen’s best performance came in Vegas vs. Utah, when he racked up 22 points and made six three-pointers in less than 17 minutes of action.

An Exhibit 10 contract is a one-year, minimum-salary deal that is fully non-guaranteed and doesn’t count against the salary cap unless the player makes his team’s regular season roster. They can be converted into two-way deals prior to the start of the regular season. They also make a player eligible to earn a bonus worth up to $85,300 if he’s waived and then spends at least 60 days with his team’s G League affiliate.

Western Notes: Kidd, Blazers, Kings, Nelson, Nuggets

Letting Jason Kidd go to the Knicks would be a terrible outcome for the Mavericks, according to Tim Cowlishaw of the Dallas Morning News. There’s reportedly mutual interest between Kidd and the Knicks.

Under Kidd, Dallas has won five playoff series in four seasons. Cowlishaw also notes that Kyrie Irving likes Kidd and believes in him. In Cowlishaw’s viewpoint, the only way general manager Nico Harrison‘s vision for the current group will work is dependent on Anthony Davis staying healthy and Irving getting healthy and remaining happy. If Cooper Flagg then plays up to his draft status, the Mavs have a chance to secure a title in 2026/27 before the window of opportunity runs out for their aging stars.

Here’s more from the Western Conference:

  • Arthur Kaluma (Texas), Gabe Madsen (Utah), Chibuzo Agbo (USC), Alex Toohey (Sydney Kings), Jahmai Mashack (Tennessee) and Dylan Cardwell (Auburn) worked out for the Trail Blazers on Tuesday, Sean Highkin of The Rose Garden Report tweets. Toohey is the biggest name in the group, as the Australian forward is ranked No. 36 on ESPN’s Best Available list.
  • Jeremy Roach (Baylor), Caleb Love (Arizona), Jaxson Robinson (Kentucky), John Tonje (Wisconsin), Great Osobor (Washington), CJ Huntley (Appalachian State) will work out for the Kings on Wednesday, Jason Anderson of the Sacramento Bee tweets. That group is headed by Tonje (19.6 PPG with the Badgers last season), a high-scoring guard who is ranked No. 42 by ESPN.
  • Grant Nelson (Alabama) is expected to reschedule a workout with the Jazz, Brian Lewis of the New York Post tweets. Nelson, who worked out for the Nets on Tuesday, is currently rated 65th by ESPN.
  • Though the Nuggets took the Thunder to a Game 7 in these playoffs, they can’t afford to run it back with the same group, Sean Keeler of the Denver Post opines. The bench is in serious need of upgrades, Keeler argues, as the Nuggets basically went six deep this season and that forced the starters to empty their tanks.