The Heat first participated in the NBA Draft on June 28, 1988, about five months before their inaugural NBA season. In 1989, the NBA agreed with the National Basketball Players' Association to limit drafts to two rounds, an arrangement that has remained the same up the present time. Before each draft, an NBA Draft Lottery determines the first round selection order for the teams that missed the playoffs during the prior season. Teams can also trade their picks, which means that in some drafts teams may have more or less than two draft picks, although they must have at least one first-round pick every other year.
b On October 30, 1986, the New York Knicks traded the 1988 NBA Draft second-round pick along with the Denver's 1987 NBA Draft first-round pick to the Chicago Bulls for center Jawann Oldham.
On June 22, 1987, the Chicago Bulls traded the New York's 1988 NBA Draft second-round pick along with the draft rights to center Olden Polynice and the Chicago's 1989 NBA Draft first-round pick to the Seattle SuperSonics for the draft rights to forward Scottie Pippen and the Seattle's 1989 NBA Draft first-round pick.
On October 16, 1987, the Seattle SuperSonics traded the New York's 1988 NBA Draft second-round pick along with an undisclosed amount of cash to the Boston Celtics for guard Sam Vincent and forward Scott Wedman.
On June 23, 1988, the Boston Celtics traded the New York's 1988 NBA Draft second-round draft pick to the Miami Heat for not selecting guard Dennis Johnson in the 1988 NBA Expansion Draft.
c On June 23, 1988, the Heat received the 1988 NBA Draft second-round draft pick from the Seattle SuperSonics for not selecting guard Danny Young in the 1988 NBA Expansion Draft.
d On July 1, 1987, the Seattle SuperSonics traded center Jack Sikma, along with the 1987 NBA Draft second-round pick and 1989 NBA draft second-round pick to the Milwaukee Bucks for center Alton Lister, 1987 NBA Draft first-round pick and 1989 NBA Draft first-round pick.
On June 23, 1988, the Heat traded forward Fred Roberts to the Milwaukee Bucks for a 1989 second-round draft pick.
e 12 On June 22, 1990, the Heat traded the 1990 NBA Draft first-round pick (#3 selection) to the Denver Nuggets for two 1990 NBA Draft first-round picks (#9 and #15 selections).
n On June 28, 2007, the Heat traded the draft rights to 20th pick Jason Smith to the Philadelphia 76ers in exchange for the draft rights to 21st pick Daequan Cook, a 2009 second-round draft pick and cash considerations.
o 12 On June 7, 2007, the Heat received Sacramento's 2007 and Orlando's 2008 second-round draft picks from Orlando as part of the hiring of Stan Van Gundy as Orlando's head coach. Previously, Orlando received Sacramento's second-round draft pick and DeShawn Stevenson on February 19, 2004 from Utah in exchange for Gordan Giriček. Earlier, Utah acquired 2004 and 2007 second-round draft picks and Keon Clark on August 3, 2003 from Sacramento in exchange for a 2004 second-round draft pick.