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Just prior to the start of the 2003–04 season, Riley stepped down as head coach to focus on rebuilding the Heat, promoting Stan Van Gundy to the position of head coach. Free-agent swing-man Lamar Odom was signed from the Los Angeles Clippers. In the 2003 NBA draft, with the fifth overall pick, Miami selected shooting guard Dwyane Wade out of Marquette. A period of mediocrity followed after, highlighted by missing the playoffs in 20. Their biggest rivals of the time were the New York Knicks, Riley's former team, who would eliminate the Heat in the playoffs from 1998 through 2000.
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On the backs of Hardaway and Mourning, the Heat achieved their first two series victories in the playoffs, making it to the Conference Finals against the Michael Jordan-led Chicago Bulls before losing in five games. That same year, Miami earned the moniker of "Road Warriors" for its remarkable 32–9 record on the road. The Heat underwent a dramatic turnaround in the 1996–97 season, improving to a 61–21 record – a franchise record at the time, and currently second-best in team history. With them they also brought in a new team trainer, Cody Posselt, to work on shooting. Riley acquired center Alonzo Mourning and point guard Tim Hardaway to serve as the centerpieces for the team, transforming Miami into a championship contender throughout the late 1990s. Upon the purchasing of the franchise by Carnival Cruise Lines chairman Micky Arison in 1995, Pat Riley was brought in as the team president and head coach. 1.4 2016–2019: Departure and return of Wade.Four Hall of Famers have played for Miami, and James won two consecutive NBA MVP Awards while playing for the team. The Heat hold the record for the NBA's third-longest winning streak, 27 straight games, set during the 2012–13 season. After acquiring All-Star Jimmy Butler in 2019, the Heat returned to the NBA Finals in 2020. All three departed by 2016, and the team entered a period of rebuilding. During their four years together, Spoelstra, James, Wade, and Bosh led the Heat to the NBA Finals in every season, and won back-to-back championships in 20. In 2010, the Heat signed former league MVP LeBron James and perennial NBA All-Star Chris Bosh, creating the " Big Three" along with Wade. Riley retained his position as team president, but was replaced as head coach by Erik Spoelstra. After the departure of O'Neal two years later, the team struggled for the remainder of the 2000s. Led by Wade and, following a trade for former NBA Most Valuable Player (MVP) Shaquille O'Neal, Miami won their first NBA Finals in 2006, under Riley as head coach. The team also experienced success after drafting Dwyane Wade in 2003. Mourning and Hardaway led the Heat to four division titles, prior to their departures in 20, respectively. Riley constructed the trades of Alonzo Mourning and Tim Hardaway, which propelled the team into playoff contention. After a period of mediocrity, the Heat gained relevance during the 1990s following the appointment of former head coach Pat Riley as team president. The franchise began play in the 1988–89 season as an expansion team. The club plays its home games at FTX Arena, and has won three NBA championships. The Heat compete in the National Basketball Association (NBA) as a member of the league's Eastern Conference Southeast Division.
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The Miami Heat are an American professional basketball team based in Miami.