Miami Heat Net Worth is457 $Million
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Current: 2012–13 Miami Heat season
Logo: Miami Heat logo.svg
Conference: Eastern Conference (NBA)
Division: Southeast Division (NBA)
Founded: 1988
History: '''Miami Heat''', (1988–present)
Arena: American Airlines Arena
City: Miami
Colors: Black, Deep Red, White, Orange, , #1E3344 #B62630 #FFFFFF #FF9F00
General Manager: Pat Riley
President: Pat Riley
Coach: Erik Spoelstra
Owner: Micky Arison
Nickname: The Heat
Affiliate: Sioux Falls Skyforce
Cheerleaders: Miami Heat Dancers
Mascot: Burnie the Fireball
League Champs: '''2''' (2006 NBA Finals, 2012 NBA Finals)
Conf Champs: '''3''' (2005–06 NBA season, 2010–11 NBA season, 2011–12 NBA season)
Div Champs: '''9''' (1996–97 NBA season, 1997–98 NBA season, 1998–99 NBA season, 1999–2000 NBA season, 2004–05 NBA season, 2005–06 NBA season, 2006–07 NBA season, 2010–11 NBA season, 2011–12 NBA season)
Ret Nums: '''2''' (Tim Hardaway, Alonzo Mourning)
Web: heat
H Body: BF2F38 /h pattern b
A Body: BF2F38 /a pattern b
The Miami Heat are 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 in Downtown Miami. The team owner is Micky Arison, the general manager is Pat Riley and the head coach is Erik Spoelstra. The mascot of the team is Burnie, an anthropomorphic fireball.
The Heat were formed in 1988 as an expansion franchise. Along with the Orlando Magic, the Heat are one of the two NBA franchises that represent the state of Florida. Since entering the league, Miami has fielded squads that have made the playoffs 16 out of 24 seasons, capturing nine division titles, three Eastern Conference Championships, and two NBA Championships, defeating the Dallas Mavericks 4a??2 in the 2006 NBA Finals and the Oklahoma City Thunder 4a??1 in the 2012 NBA Finals. Their playoff run in the 1990s was largely marked by a vicious rivalry with the New York Knicks. According to Forbes Magazine, in 2010 the value of the franchise was about $425 million.
In Florida, a state devoid of NBA franchises, groups from Orlando, Tampa/St. Petersburg and Miami all vied to land franchises. The Miami Sports and Exhibition Authority eventually endorsed a group led by NBA Hall of Famer Billy Cunningham and former sports agent (and lifelong friend of Cunningham's) Lewis Schaffel, who received their financial backing from Carnival Cruise Lines founder Ted Arison, who would be majority owner. Day-to-day operations would be handled by minority shareholders Cunningham and Schaffel. In April 1987, the NBA expansion committee endorsed the bids of the cities of Charlotte and Minneapolis. However, the committee was split between awarding the third and final franchise to Miami or Orlando, causing representatives from both cities to toss barbs at the other. Finally, it was decided that the NBA would expand by 4 teams, with t

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