The Miami Heat is a professional basketball team based in Miami, Florida, United States. The team is a member of the Southeast Division in the Eastern Conference of the National Basketball Association (NBA). They play their home games at American Airlines Arena. The team is owned by Micky Arison, coached by Erik Spoelstra and are
managed by Basketball Hall of Fame coach Pat Riley.
The Heat were formed in 1988 as an expansion franchise along with the Charlotte Hornets. Since then, Miami has fielded squads that have made the playoffs 13 out of the 21 seasons, captured seven division titles and won the 2006 NBA
Finals against the Dallas Mavericks 4–2. According to Forbes Magazine in 2010 the value of the franchise is $425 million.
