Heat Waive Terry Rozier After Federal Gambling Charges Derailed His Season

The Miami Heat made it official on Friday — Terry Rozier is gone. The team waived the guard ahead of the postseason, closing the book on one of the strangest seasons any NBA player has had in recent memory.

Rozier hasn't played for Miami since October 23, when he was arrested by the FBI as part of a sweeping investigation into illegal sports betting. The charges stem from his time with the Charlotte Hornets and include conspiracy to commit wire fraud and money laundering. He's pleaded not guilty.

The financial hit is staggering. Rozier was in the final year of a four-year, $97 million deal, making $26.6 million this season to not play a single minute. Miami now has until Sunday to sign a replacement — and they'll need one. The Heat are heading into the play-in tournament and every roster spot matters. This wasn't just a basketball decision. It was the last act of a federal case that shook the league.