Terry Rozier’s life took a turn last October when the Feds took action against him. Federal authorities took him into custody as part of an investigation linked to an alleged underground betting operation. In light of the event, the Miami Heat were supposedly going to release him. And now, they finally have the green signal to process. This means Rozier remains on the Heat roster—for now—but signs point toward an impending exit.
According to the Miami Herald, the Miami Heat are preparing to waive Rozier in the coming weeks to create space ahead of the playoffs. Rozier has remained away from the team since late October, and he is seemingly not going to return this season. As a result, Miami remains at the league limit with 15 standard contracts and three two-way players.
The Heat are expected to release Terry Rozier before the end of the regular season, per @Anthony_Chiang.
Rozier was arrested in October as part of a federal investigation into an illegal gambling outfit. He must be released by April 9 so the Heat can fill his spot before… pic.twitter.com/URdulOXWMe
— Yahoo Sports (@YahooSports) March 19, 2026
Therefore, moving on from Rozier offers roster flexibility at a crucial stage. It allows the franchise to add depth for the postseason push. Financially, the decision remains practical. The team can release him and sign a replacement without crossing the luxury tax threshold. Rozier is earning $26.6 million this season and will become an unrestricted free agent this summer.
However, his stint in Miami was brief. He played only the season opener before his absence began. Across 665 career games, Rozier has averaged 13.9 points, 3.9 rebounds, and 3.5 assists. He has also shot 41.8% from the field and 36.1% from beyond the arc. At the same time, the Charlotte Hornets also negotiated with the Heat franchise, bringing an end to Rozier’s trade dispute.
Miami Heat and Charlotte Hornets dissolved the Terry Rozier trade dispute
Earlier in March, Shams Charania of ESPN reported that the Charlotte Hornets will send a 2026 second-round pick to the Miami Heat to resolve a pending issue tied to the January 2024 Terry Rozier trade. Moreover, the arrangement drew fresh attention after Rozier became linked to a federal review involving an alleged betting network.
The Heat acquired Rozier from the Hornets in January 2024, sending Kyle Lowry and a protected 2027 first-round pick. At the time, Miami aimed to reinforce its backcourt with a reliable scoring option for the playoff run. However, the situation soon drew wider attention beyond basketball matters.
In October 2025, federal authorities took Rozier into custody over concerns tied to the sharing of sensitive availability details. Since then, he has remained away and has not featured in a single game this season. Meanwhile, observers across the league anticipate that Miami will part ways with him before the campaign concludes.
Earlier, monitoring systems had flagged irregular betting patterns linked to a March 2023 game involving the New Orleans Pelicans. Although an initial league review allowed him to continue, later developments prompted a reassessment. Consequently, that process led to the Hornets sending a second-round pick to settle the matter.
Therefore, the clock is ticking, and Terry Rozier’s Miami chapter feels all but sealed. The Miami Heat now holds clarity, and with it, control. Therefore, a roster move appears inevitable as postseason priorities sharpen.
