JULY 6: The Hornets have officially re-signed Martin, the team announced in a press release.
“Re-signing Cody was one of our offseason priorities, and we’re excited to have him return to the Hornets,” president of basketball operations Mitch Kupchak said in a statement. “He is an exceptional defender, plays hard at both ends of the floor and has improved all aspects of his game since entering the NBA. Cody will continue to be a valuable member of our team as we move forward.”
JULY 2: The Hornets and restricted free agent Cody Martin have reached an agreement on a multiyear deal, reports Rod Boone of The Charlotte Observer (via Twitter). According to Shams Charania of The Athletic (via Twitter), Martin is signing a four-year, $32MM contract to remain in Charlotte.
Martin, 26, has spent his first three NBA seasons with the Hornets and emerged as a key part of the team’s rotation in 2021/22. He averaged an extra 10 minutes per game and improved his numbers across the board, setting new career highs in PPG (7.7), RPG (4.0), APG (2.5), SPG (1.2), FG% (.482), and 3PT% (.384).
A second-round pick in 2019, Martin earned a total of $4.47MM in his first three years in the NBA, so his new deal represents a major pay increase. Because the Hornets held his Bird rights, they won’t need to dip into their mid-level exception to complete the signing.
The deal with Martin is the first move of what has been a relatively quiet free agent period in Charlotte so far. In the weeks leading up to free agency, it was assumed that sorting out Miles Bridges‘ contract situation would be the Hornets’ top priority. However, Bridges was arrested and charged with felony domestic violence this week.
With Bridges’ NBA future up in the air, the Hornets shifted their focus to re-signing their other key restricted free agent wing. It’s unclear to what extent Martin explored the open market, but Charlotte would have had the ability to match any offer sheet he signed. The two sides avoided any drama by negotiating a new directly.
Martin’s twin brother Caleb Martin is one of the top free agents still on the board. Cody and Caleb ranked 28th and 29th, respectively, on the final iteration of our list of this year’s top 50 free agents.
Hey they are alive !
Time to wake up Mia too
Starting for NYK ….. at starting PG
Aahhhhahah ahahhhaaahhh aaaah Ahohhhhh
Jalen Brunson !!!!!!!!
Reuniting the Martin twins in NC would be great shxt but unless they somehow trade for KD the Hornets have definitely lost the off-season
So far I agree, but man there’s still a TON of movement that’s going to happen via trade…they could have a big swing left in the tank. Nobody could blame them for diverting the $$ earmarked for MB to another Big player in the trade market
Hayward 2 semi protected firsts for Mturner and Theisis &/ or Neismith + 2nd rder would qualify for me….or Ayton
It’s pretty much impossible to come back from having the coach you just hired, quit on u a few days later. Plus their best player just pulled a Anakim. Definitely looking like regression is in their future
As a Hornets fan, yeah, I see some regression coming. Your Hawks will be really good and if Miami lands KD, oof. I pin the coaching thing mostly on Charlotte. The fact that Bridges did one of the most stupid and cowardly things is squarely on him, but Charlotte will take the hit too. I don’t think they can acquire a difference maker in FA, so it’s swing big in a trade or punt next year.
Won’t you be surprised, sleeping on defense.
Last year’s over/under 37.5, won 43 with no D.
As for AL, Id rather have Lamelo.
Yes C&C, Miles turned down the extension, so Hornets can stop paying him. IDK details but theyre at $108m, so $30-40m under luxury line.
Not they would spend all that. Not sure who’s left that would make a dif.
Myles for Miles… Turner would like another chance ar F.
Would brother Martin want to compete again?
Good for him. This pretty much also almost confirms the Heat have very little shot at being able to keep Caleb, even though they lost PJ, although there are still a couple of possible outcomes there…He wants to stay here, so maybe he would take a similar offer they made to PJ, at slightly less than the full midlevel. Really hope they can still keep him at this point
Good deal for the Hornets, a really good role player with a great defense intstic.