The Terry Rozier saga between the Miami Heat and Charlotte Hornets has come to a close.
Charlotte will send a second-round selection in the 2026 NBA Draft to Miami as part of the dispute concerning the January 2024 trade that shipped Rozier to the Heat, two people with direct knowledge of the matter confirmed to USA TODAY Sports.
The people spoke under the condition of anonymity because they were not authorized to publicly discuss the matter.
Charlotte had held multiple second-round picks in the draft; the pick sent to Miami will be the more favorable one that originally belonged to the Golden State Warriors and Denver Nuggets.
The decision was announced in a league memo sent to all NBA general managers.
Neither the NBA nor the Hornets disclosed information to the Heat about irregular betting activity around Rozier’s performance during a March 23, 2023 game prior to the trade. The Heat had no knowledge about the suspicious betting activity raised in March 2023 by integrity monitoring services, nor did the Heat have knowledge about the subsequent federal investigation into Rozier until both became public in January 2025.
According to the NBA’s constitution and by-laws, when a trade is executed, the general managers of all teams involved are required to first send an email with the terms to the NBA league office.
Then, representatives from each team jump on a “trade conference call” with the league office that includes league lawyers. The call is recorded and the terms of the deal, including the terms of each player contract involved, are read aloud.
It is during these calls when pertinent medical information is discussed. One section in the constitution states that teams are prohibited from making “any other material misrepresentation or fail to disclose any other material information during the Trade Call.”
Once the terms are agreed upon, teams must certify that there are no other terms that were not mentioned and agreed upon during the call.
Afterwards, logistics about timing of the trade announcements are discussed.
Rozier was arrested Thursday, Oct. 23 for his alleged role in an insider sports-betting scheme. He is accused of manipulating his performance during a March 23, 2023 NBA game when he was a member of the Hornets, to benefit illegal betting.
On Dec. 8, he pleaded not guilty to charges of wire fraud and money laundering.
Rozier, 31, has been away from the team as his court case proceeds.