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.