The Heat made a major deal before Thursday afternoon's trade deadline, sending Dion Waiters, Justise Winslow and James Johnson to the Grizzlies for Andre Iguodala, Solomon Hill and Jae Crowder, according to ESPN's Adrian Wojnarowski.
Miami's acquisition of Iguodala was announced on Wednesday night. The Heat promptly signed the 2015 Finals MVP to a two-year, $30 million contract extension, which includes a team option in 2021-22.
Iguodala has not played a game this season. He previously sat out 2019-20 as he waited to be traded from Memphis to a Finals contender.
Miami also added a pair of forwards in the deal.