Dame Lillard reportedly played the entire Olympics 2020 with an abdomen injury, as he wanted to help the team win gold.
Miami heat led by 19 points, but the Trail Blazers narrowed the gap in the third quarter and pulled within 83-80 entering the final period.
With the Heat playing the Warriors on Tuesday, Jimmy Butler collapsed after slipping while being defended by Juan Toscano-Anderson.
The New Orleans Pelicans beat the Portland Trail Blazers 111-97 on Tuesday night for their first three-game winning streak of the season.
The Portland Trail Blazers, Sacramento Kings, Minnesota Timberwolves and Cleveland Cavaliers are also interested in Ben Simmons.
Portland will now deal with the fallout from Olshey's firing and search for a replacement, while the team attempts to rise in the Western Conference standings.
Olshey has been the general manager of the Blazers since June of 2012, and the team has had some solid success during his tenure.
Damian Lillard said that new coach Chauncey Billups ultimately convinced him that Portland was where he wanted to be.
The Portland Trail Blazers, upon hearing the healthcare fraud news, placed Palacio on administrative leave with immediate effect.
The 76ers reportedly asked the Trail Blazers for three first-round picks and a package that would send CJ McCollum to Philly for Simmons.