Miami's James Jones will defend his title in the 3-point contest against a field that includes All-Stars Kevin Love and Joe Johnson and teammate Mario Chalmers.
Ryan Anderson of the host Orlando Magic and New Jersey's Anthony Morrow round out the roster for the Feb. 25 contest during All-Star Saturday night.
The Heat have won three of the past five titles in the event. Last year, Jones scored 20 points in the final round to beat Boston All-Stars Paul Pierce and Ray Allen.
Former Heat players Jason Kapono and Daequan Cook won in 2007 and 2009, respectively.