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).
j On June 27, 2000, the Heat acquired forward Chris Gatling and the 37th selection in the 2000 NBA draft from the Denver Nuggets in exchange for guard Voshon Lenard and forward Mark Strickland. Previously, on October 20, 1997, Denver acquired this 2000 second round pick along with guard Sherman Douglas from the Cleveland Cavaliers in exchange for guard Greg Graham.
k On July 18, 2001, the Detroit Pistons traded their 2002 second round picks to the Toronto Raptors in exchange for Željko Rebrača. Later, on August 2, 2001, the Raptors traded one of these 2002 second round picks along with their 2002 first round pick to the Houston Rockets in exchange for Hakeem Olajuwon. The Rockets swapped second round picks with the Heat on draft day in 2002.
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.
s On July 27, 2009, the Minnesota Timberwolves traded Etan Thomas and their 2010 second round picks to the Oklahoma City Thunder in exchange for Chucky Atkins and Damien Wilkins. Later, on June 23, 2010, the Heat traded Daequan Cook and their 2010 first round pick to the Thunder in exchange for one of these 2010 second round picks.
xDwyane Wade is the all-time leading draft pick in points, assist, steals, field goals, free throws, points per game, and steals per game.
y 12 On June 26, 2014, the Heat traded their draft rights to P. J. Hairston and Semaj Christon to the Charlotte Hornets in exchange for Shabazz Napier, a 2019 second round pick, and cash considerations.
z On the same draft day in 2014, the Oklahoma City Thunder acquired the draft rights to Semaj Christon from the Charlotte Bobcats in exchange for cash considerations.