The Miami Heat have acquired Terry Rozier from the Charlotte Hornets for Kyle Lowry and a lottery protected first round pick in 2027. If the pick doesn't convey, it becomes unprotected in 2028.

The Hornets have no immediate plans to work on a buyout with Lowry and will see if they can trade him ahead of the deadline.

With the trade, the Heat go under the second apron.

Rozier is signed at $24.9 million next season and $26.6 million in 25-26. 

In 30 games this season, Rozier is averaging a career high 23.2 points, 3.9 rebounds and 6.6 assists.