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. They play their home games at the American Airlines Arena in Downtown Miami. The team owner is Micky Arison, who also owns cruise-ship giant Carnival Corporation. The team president and de facto general manager is Pat Riley, and the head coach is Erik Spoelstra. The mascot of the team is Burnie, an anthropomorphic fireball.
Formed in 1988 as one of the NBA's four expansion franchises, the Heat have won three league championships, five conference titles and 11 division titles. From February 3 to March 27, 2013, the Heat won 27 games in a row, the second-longest streak in NBA history. In 2013, Forbes valued the Heat at $625 million, sixth-most-valuable among NBA franchises.
The Heat is not related to the Miami Floridians, an ABA team in the early 1970s, although the Heat has occasionally paid tribute to the older franchise by wearing a replica version of the Floridians' uniforms for the NBA's "Hardwood Classics Nights" during the 2005â€“06 and 2011â€“12 seasons.