The Miami Heat are an American professional basketball team based in Miami.The Heat compete in the National Basketball Association (NBA) as a member of the league's Eastern Conference Southeast Division. They play their home games at the American Airlines Arena in downtown Miami. The team owner is Carnival Corporation owner Micky Arison, the team president and general manager is Pat Riley, and the head coach is Erik Spoelstra. The mascot is Burnie, an anthropomorphic fireball.
Formed in 1988 as an expansion team, the Heat have won three league championships (in 2006, 2012 and 2013), five conference titles and eleven division titles. In 2013, the Heat won twenty-seven regular season games in a row, the third-longest streak in NBA history. In 2016, Forbes valued the Heat at $1.3 billion as the tenth most valuable among NBA franchises.
The Heat are unrelated to the Miami Floridians, an American Basketball Association (ABA) team in the early 1970s, although the Heat have occasionally paid tribute to the older franchise by wearing a replica version of the Floridians' uniforms for the NBA's "Hardwood Classics Nights" during the 2005–06 and 2011–12 seasons.