During the season, the Heat dealt fan favorites and recent champions Mario Chalmers and Chris Andersen to the Memphis Grizzlies and picked up seven-time All-Star Joe Johnson after Johnson and the Brooklyn Nets agreed to a buyout-waiver near the end of the regular season. They also shot a franchise-high FG% of 67.5% in a game versus the Chicago Bulls on March 1. The Heat ended the year as the 3rd seed in the east and as the Southeast Division champions for the 12th time in franchise history, with both the overall playoff spot and division title coming after a disappointing, lottery-bound 2014–15 season in the aftermath of LeBron James returning to the Cleveland Cavaliers as a free agent, thus defeating the Charlotte Hornets in the first round of the playoffs. The Heat finished their 2015–16 run in a Game 7 (89-116) loss against the Toronto Raptors in the conference semifinals. It turned out to be Dwyane Wade's last season with the Heat as he signed with his hometown team, the Chicago Bulls, in the offseason.

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