Haywood Highsmith is back on the market, and there should be no shortage of teams looking at him as a low-cost wing option.
According to HoopsHype’s Michael Scotto, the Phoenix Suns have waived Highsmith. Scotto reported: “The Phoenix Suns have waived Haywood Highsmith, league sources told HoopsHype.
He was partially guaranteed $1 million of his $3 million salary for the 2026-27 season. The 3-and-D forward has averaged 5.4 points on 38% 3-point shooting and 3.1 rebounds in six NBA seasons.”
Highsmith’s brief stop in Phoenix produced strong efficiency in a tiny sample. He averaged 5.4 points, 1.9 rebounds, and 0.6 steals while shooting 52.2% from the field and 57.1% from three, but he played only seven games for the Suns. With the team trying to open up a roster spot, the move was hard to avoid.
That doesn’t mean the 29-year-old is short on appeal. When healthy, Highsmith brings the kind of 3-and-D skill set teams can plug in without changing much else.
On a minimum deal, that kind of wing can matter. Four teams stand out as possible landing spots.
The Golden State Warriors make sense first because they’ve done very little this offseason. Even with a roster that still has enough talent to matter, the front office has been slow to add help, and two injured players make extra signings more necessary.
Golden State has been linked to three free agents already, but Highsmith could end up being the better value at the same price. He fits cleanly as a defender who can hit threes, even if he isn’t the kind of player who carries an offense.
At the least, he could help the Warriors stay in the mix long enough for a bigger move later in the year.
The Cleveland Cavaliers also look like a strong fit. They’re already in the title conversation, but wing depth becomes a real issue once the playoffs arrive.
Cleveland lost out on re-signing Dean Wade this summer, which leaves a need for a forward who can space the floor and guard multiple spots. Highsmith checks those boxes, and his athleticism could even make him an upgrade on Wade.
The Cavaliers are also reportedly chasing Peyton Watson, and if that deal falls through, Highsmith on a short-term, team-friendly contract would be an easy pivot.
Denver is another team worth watching. The Nuggets have been squeezed by salary cap limitations all offseason, and their situation could get tougher if Peyton Watson winds up elsewhere.
If that happens, Denver would need a positional replacement, and Highsmith fits the profile. He isn’t Watson, but he does bring reliable three-point shooting and wing defense.
In a system powered by Nikola Jokic’s playmaking, that sort of perimeter role player can fit nicely. Denver has also been linked to Derrick Jones Jr., which only strengthens the case that Highsmith belongs on the radar.
A Miami Heat reunion may be the most natural fit of all. Miami originally traded Highsmith to Brooklyn last offseason after he suffered a right meniscus tear in training, but the Heat know exactly what he can do when healthy.
Across four seasons with the team, he averaged 5.5 points, 3.2 rebounds, and 0.7 steals while shooting 44.9% from the field and 37.5% from deep. More importantly, he earned a reputation as a point-of-attack defender who could take on tough assignments and hold up.
Miami has already made major changes, including the noteworthy addition of Giannis Antetokounmpo, but the roster still lacks perimeter shooting. The Heat are also trying to add veterans like Klay Thompson, yet a return for Highsmith might make even more sense because of his familiarity with the system and the core.
In Other News...
Nuggets And Peyton Watson Are Drifting Toward A Tough Roster Call
Peyton Watsons restricted free agency has settled into the sort of stand-off the Nuggets were hoping to avoid. Denver has put a four-year, $70 million proposal on the table with a team option in the final season, but the talks have not moved much beyond that point as the sides work through value and role in a tighter financial picture for the franchise.
Watsons camp is believed to be targeting a higher annual number, and that gap has left sign-and-trade possibilities in play if a deal cannot be bridged. Cleveland, Milwaukee and the Clippers have all been floated as possible landing spots, while the Nuggets also have to weigh the risk of Watson simply playing on his qualifying offer if the market never gives either side a clean exit. [Read more 🡒]
Peyton Watson Has Become A Real Nuggets Flashpoint This Summer
Peyton Watson has gone from promising young piece to summer conversation starter for the Nuggets, and the reason is simple enough: Denver wants to keep him, but the business of restricted free agency has turned the situation into a real test of how much both sides can live with. The Nuggets are working through contract talks with a player whose growth has made him part of the franchises longer-term plans, even as the team continues to navigate the kind of financial pressures that come with building around a contending core.
The wrinkle is that this has not stayed a Denver-only issue. Interest has surfaced from several teams around the league, with the Clippers, Hawks, Bucks and Cavaliers among those linked to a possible sign-and-trade path, which only adds more moving parts to an already delicate negotiation. For now, Watsons future remains unsettled, with the qualifying offer still on the table and the possibility of a longer agreement hanging over the rest of the offseason as training camp gets closer. [Read more 🡒]
Peyton Watson Just Put The Nuggets In A Tough Offseason Spot
Denvers offseason has already been boxed in by the hard realities of the second apron, and the front office is operating with almost no margin for error. The Nuggets have made only one signing so far, and with a projected luxury tax bill hanging over everything, keeping young talent in place has become harder than usual, especially when the player in question has real league-wide value.
Peyton Watson is now the clearest example of that squeeze. Denver would like to keep the restricted free agent picture from getting messier, but his market has started to form beyond Colorado, with sign-and-trade chatter beginning to frame the next step. For the Nuggets, the challenge is not just finding a path to hold onto him, but navigating an offseason where every move has to fit both the cap sheet and whatever return another team is willing to put on the table. [Read more 🡒]