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Heat Sign Steve Settle III, Waive Gabe Madsen

Miami prioritizes a size‑shooting blend with an undisclosed deal for a developmental forward.

Overview

  • The team said contract terms for Steve Settle III were not disclosed under club policy.
  • Settle, a 6-foot-10 forward from Temple, started 31 games last season and averaged 12.6 points and 6.2 rebounds while shooting 41.6% from three.
  • He led Temple in rebounds, blocks, minutes and three-pointers made in 2024–25 and also played five Summer League games with Miami.
  • Gabe Madsen was released after re-signing last week on an Exhibit 9 deal following a September waiver.
  • Madsen logged two preseason appearances for Miami and holds Utah’s program record with 315 made three-pointers.