Caleb Martin Rumors | Hoops Rumors

Contract Details: Drummond, Jones, LaVine, Cancar, Martin, Nurkic

July 9th, 2022 at 2:20pm CST by Luke Adams

The two-year contracts that Andre Drummond and Derrick Jones signed with the Bulls have virtually identical terms. Both players will earn guaranteed $3.2MM salaries in 2022/23, with $3.36MM player options for the ’23/24 season, Hoops Rumors has learned. The only real difference between the two deals is how the Bulls completed them — Drummond received a portion of the non-taxpayer mid-level exception, while Jones was re-signed using his Non-Bird rights.

Here are more details on recently signed contracts from around the NBA:

Zach LaVine‘s five-year, maximum-salary contract with the Bulls includes a 15% trade kicker, Hoops Rumors has learned. For 2022/23, at least, that kicker will be inconsequential since LaVine is already earning the max, but it could be a factor later in his deal if the annual salary cap increases outpace his annual 8% raises.
Vlatko Cancar‘s three-year contract with the Nuggets features matching $2,234,359 cap hits in each of the first two seasons, plus a $2,346,606 team option for 2024/25. The first two years are guaranteed.
Heat forward Caleb Martin received a starting salary of $6,479,000, which is the full portion of the taxpayer mid-level exception. Miami remains below the tax apron, so the team can use the rest of the non-taxpayer MLE (approximately $4MM more) if it so chooses. Martin also got a third-year player option and a 15% trade kicker on his new three-year deal.
Jusuf Nurkic‘s four-year, $70MM contract with the Trail Blazers is fully guaranteed and is structured with standard 8% annual raises. It starts at $15,625,000 in 2022/23 and increases to $19,375,000 by year four in ’25/26.

Heat Re-Sign Caleb Martin To Three-Year Deal

July 6th, 2022 at 9:25pm CST by Rory Maher

9:25pm: The Heat have officially re-signed Martin, the team announced in a press release.

“Caleb is a multi-position player with tremendous energy that had a career year with us,” Heat president Pat Riley said in a statement. “He works hard and deserves this as much as any young player in the league. We are extremely happy he has decided to come back.”

11:26am: One of the NBA’s top remaining restricted free agents is coming off the board, according to Anthony Chiang, who reports (via Twitter) that the Heat and forward Caleb Martin are in agreement on a three-year contract worth “about” $20.5MM.

The Heat only held Martin’s Non-Bird rights entering this offseason, limiting their ability to offer him much of a raise after he finished the 2021/22 season on a minimum-salary contract. The terms reported by Chiang indicate that Miami will use the taxpayer portion of its mid-level exception to re-sign Martin and ensure that he gets a substantial pay bump.

As our breakdown of this season’s MLE values shows, a three-year deal worth the full taxpayer mid-level exception would top out at about $20.4MM. Martin’s deal will be fully guaranteed, sources tell Chiang (Twitter link).

Martin emerged as an important piece off the bench in Miami this past season, averaging 9.2 PPG and 3.8 RPG on .507/.413/.763 shooting in 60 games (22.9 MPG), which earned him a promotion from his two-way contract. He opted to just have his two-way deal converted into a rest-of-season contract rather than negotiating a multiyear deal, perhaps recognizing that he’d have a better chance of securing a raise in the offseason than he would have in February.

It turned out to be shrewd move by Martin and his representatives, as the $20.4MM in guaranteed money dwarfs his career earnings to this point. With P.J. Tucker‘s departure to Philadelphia, the 26-year-old Martin could be in line for a bigger role with the Heat in 2022/23.

As John Hollinger of The Athletic observes (via Twitter), signing Martin at the taxpayer mid-level exception likely means Miami will fill out the remainder of its roster with minimum-salary players in order to stay below the tax apron and maintain financial flexibility.

Southeast Notes: Heat, Martin, Hampton, Banchero

July 4th, 2022 at 10:00pm CST by Dana Gauruder

The Heat lost P.J. Tucker to the Sixers and reached agreements with Victor Oladipo and Dewayne Dedmon but they still have some unfinished offseason business, Ira Winderman of the South Florida Sun Sentinel writes.

Restricted free agent Caleb Martin remains unsigned but since the Heat do not have his Bird Rights, they are unable to match offers above the $10.49MM mid-level exception. They are not likely to go above the $6.5MM taxpayer mid-level exception, since that would trigger a hard salary cap. They also have to decide whether to bring back Markieff Morris.

They have both the mid-level and bi-annual exceptions at their disposal to pursue other free agents, but using the bi-annual would also result in a hard cap.

We have more from the Southeast Division:

Martin’s restricted free agency buys the Heat a little more time to wait out the Kevin Durant saga while keeping Martin as an option, Anthony Chiang of the Miami Herald notes. Even if Martin receives an offer sheet in the first day of free agency on Wednesday, the Heat have two days to decide whether to match it.
R.J. Hampton has impressed the Magic brass by his willingness to play in the Summer League, according to Khobi Price of the Orlando Sentinel. Hampton wanted to play despite appearing in 64 games during his second NBA season. “I only got to play one summer league,” Hampton said. “It’s a great opportunity for me to get run and get extra reps.”
Top pick Paolo Banchero has been displaying his strength in summer league practices, Price tweets. “He’s a very strong individual. I don’t think he even understands how strong he really is,” Magic coach Jamahl Mosley said of the former Duke forward. “That’s the great part of his willingness to learn and ask questions, that he’s going to find out how he can use his body in different ways to obviously punish defenses but then defensively, how to guard multiple positions.”

Otto Porter, Gary Harris, T.J. Warren Among Lakers’ Potential FA Targets

June 30th, 2022 at 8:50am CST by Luke Adams

The Lakers‘ options on the free agent market this week will likely be limited, since the team will only be able to offer the $6.5MM taxpayer mid-level exception or a minimum-salary contract to potential targets. However, as Jovan Buha of The Athletic writes, the team will still aim high, hoping to sell players on the opportunity to start and the ability to increase their stock with a strong year in Los Angeles, like Malik Monk did in 2021/22.

According to Buha, youth, length, athleticism, and shooting are among the traits the Lakers will be prioritizing. Two-way wings who could come in and potentially start alongside Anthony Davis, LeBron James, and Russell Westbrook will be a priority, sources tell The Athletic.

Here are some details on the types of players the Lakers will be eyeing in free agency:

Otto Porter Jr., Nicolas Batum, Gary Harris, T.J. Warren, Caleb Martin, Cody Martin, and Danuel House are among the wings the Lakers will target using their full taxpayer mid-level exception, sources tell Buha. Big man Mohamed Bamba is also on the team’s radar as a possible TMLE option, Buha adds.
The Lakers have “strong interest” in bringing back Monk, but that will depend both on his market and on the quality of players available to the club for the taxpayer mid-level, says Buha. The team would likely have to use the MLE to sign Monk, since it can otherwise only offer him a deal worth about $2.6MM.
Jeremy Lamb, Nemanja Bjelica, Jevon Carter, and Juan Toscano-Anderson are among the players that will receive interest from the Lakers for either a portion of the mid-level or a minimum-salary deal, Buha writes.
Dan Woike and Broderick Turner of The Los Angeles Times identify Thomas Bryant and Damian Jones as centers who could draw interest from the Lakers. Woike and Turner also say that some rival executives believe Bulls guard Coby White could be a target for L.A.

Heat Rumors: Herro, Crowder, Warren, Cap Situation

June 29th, 2022 at 11:33am CST by Luke Adams

“Early indications” are that a potential Tyler Herro extension with the Heat this offseason would land in the range of $25MM per year, according to Jake Fischer of Bleacher Report.

Herro will become eligible for a rookie scale extension when the NBA’s 2022/23 league year begins later this week. He boosted his stock during the regular season by averaging 20.7 points per game and making a career-high 39.9% of his three-point attempts, but a mediocre playoff run (12.9 PPG with a .229 3PT%) clouded his value entering the summer.

The Heat and Herro are under no obligation to reach an extension this offseason, but doing so would keep him off the restricted free agent market in 2023. Typically, rookie scale extensions worth less than the maximum aren’t agreed to at or near the start of free agency, so the team and the 22-year-old may take a few weeks or months to negotiate a new deal. The extension deadline is the day before the ’22/23 season begins.

Here’s more on the Heat:

If the Heat can’t retain P.J. Tucker in free agency, they’ll consider attempting to trade for Suns forward Jae Crowder or potentially signing free agent forward T.J. Warren, a source tells Ira Winderman of The South Florida Sun Sentinel. Winderman stresses that those would be fallback options for the team, which is willing to offer Tucker three fully guaranteed years. Crowder played in Miami briefly in 2019/20 before leaving for Phoenix in free agency.
In a separate story for The Sun Sentinel, Winderman explores how the Heat’s reluctance to impose a hard cap on themselves this offseason may impact their roster moves. It would mean the bi-annual exception can’t be used on a player like Caleb Martin and would mean the Heat’s best offer for P.J. Tucker would start at $8.4MM (via the Non-Bird exception) rather than $10.35MM (the full mid-level).
In case you missed it, a report earlier today suggested that Victor Oladipo is considered likely to leave the Heat in free agency.

Heat Willing To Give Tucker Guaranteed Three-Year Deal

June 28th, 2022 at 6:34pm CST by Dana Gauruder

The Heat are willing to give impending free agent P.J. Tucker a guaranteed three-year deal but don’t want to invest their full mid-level exception on the veteran forward, Ira Winderman of the South Florida Sun Sentinel reports.

Using the full mid-level ($10.3MM) would push Miami into a hard cap situation, which would seriously curtail its ability to make other moves. The Heat instead plan to offer Tucker the maximum allowable three years using the Non-Bird exception. The contract would include a starting salary of $8.4MM and would be worth about $26.5MM in total.

Tucker is declining his $7.35MM option in order to enter unrestricted free agency. The Sixers have emerged as the frontrunners for Tucker, reportedly ready to offer him a three-year contract worth $27MM with incentives that could increase the value to $30MM.

If the non-taxpayer mid-level exception is used on Tucker, the Heat would only be able to offer restricted free agent Caleb Martin or any outside free agent their $4.1MM bi-annual exception or a minimum-salary deal, Anthony Chiang of the Miami Herald notes.

Heat Issue Qualifying Offer To Caleb Martin

June 21st, 2022 at 2:16pm CST by Luke Adams

The Heat have officially issued a qualifying offer to forward Caleb Martin, making him a restricted free agent, tweets Ira Winderman of The South Florida Sun Sentinel.

A qualifying offer is essentially a one-year contract offer that a team must make to a player eligible for restricted free agency if it wants to avoid him becoming unrestricted. The QO can be accepted by the player, but it’s often just a placeholder, giving his current team the right of first refusal in the event that he signs an offer sheet with a new team.

After spending his first two NBA seasons in Charlotte, Martin was waived by the Hornets last August, then signed a two-way contract with Miami, where he outperformed that two-way deal and was converted to a standard contract. In 60 games (22.9 MPG) for the Heat, the 26-year-old averaged 9.2 points, 3.8 rebounds, and 1.0 steal on .507/.413/.763 shooting.

Martin’s qualifying offer will be worth his minimum salary plus $200K. Based on a $122MM salary cap, a player with three years of NBA experience projects to have a minimum salary of $1,876,674 in 2022/23, so his QO would be worth $2,076,674. That number will be adjusted slightly upward or downward if the cap doesn’t come in at exactly $122MM.

Because the Heat only hold Martin’s Non-Bird rights, it may be a challenge for them to make him a competitive offer if he draws serious interest on the open market. If they want to give Martin a starting salary higher than about $2.25MM, the Heat will have to dip into their mid-level exception to do so.

Martin is the No. 31 player on our list of 2022’s top 50 free agents.

Heat Notes: Martin, Strus, Vincent, Q. Jackson

June 15th, 2022 at 7:42pm CST by Luke Adams

A free agent last offseason, Caleb Martin only had one offer on the table – a non-guaranteed Exhibit 10 contract from the Trail Blazers – before he earned a two-way deal with the Heat, writes Anthony Chiang of The Miami Herald.

After making the most of his opportunity in Miami, Martin figures to draw more interest when he returns to free agency this summer. As long as the Heat issue him a $2.1MM qualifying offer, Martin will be a restricted free agent, giving them the right of first refusal if he signs an offer sheet with another team.

However, as Chiang notes, the Heat’s resources to re-sign Martin will be limited. Miami only holds his Non-Bird rights, which gives the club the ability to offer 20% above the minimum. If rival suitors are willing to offer him more than that, the Heat would have to dip into their bi-annual exception ($4.05MM) or mid-level exception ($10.35MM) to make a competitive bid.

“Obviously, being open-minded during free agency. You have to be and it’s my first experience with that,” Martin said after Miami’s season ended. “But I want to be (with the Heat). I love being here. I want to be here, so that’s all I got on my mind right now until I see what happens or whatever type of experience I’m going to get in free agency.”

Here’s more on the Heat:

Max Strus displaced Duncan Robinson in the Heat’s starting lineup in part because he has a more well-rounded game and offers more defensive versatility, but Strus believes he still has plenty to work on this offseason, Chiang writes for The Herald. “Just got to be more complete,” Strus said. “Obviously, teams are going to force me to make plays inside the arc. So I got to get better there.” As Chiang notes, the Heat are a lock to hang onto Strus through June 29, when his $1.8MM salary for 2022/23 will become guaranteed.
A year ago, Gabe Vincent spent the offseason representing Nigeria in the Olympics and then playing for the Heat’s Summer League team before attempting to make Miami’s regular season roster. With his roster spot all but assured for ’22/23, Vincent is looking forward to focusing on his own development this summer, with no outside obligations, says Chiang. “This might be a real offseason,” Vincent said, adding that he plans to study Chris Paul as he works on improving his mid-range game. “I haven’t really stopped playing basketball in 12 months.”
Texas A&M guard Quenton Jackson is among the prospects to work out for the Heat during the pre-draft process, according to Chiang. Jackson is the No. 86 prospect on ESPN’s big board.
The Heat’s scouting department is working hard preparing to select a player at No. 27 next Thursday, but recognizes that team president Pat Riley could ultimately decide to trade that pick, writes Ira Winderman of The South Florida Sun Sentinel. “We’re focusing on 27, but that also means we could possibly move up, keep the pick, move back. It gives us options,” VP of basketball operations Adam Simon said. “Last year, we didn’t have a pick. We had to prepare if we could get in, and we ended up focusing on guys that weren’t going to get drafted. We could do that again.”

Heat Notes: Herro, Martin, Haslem, Offseason

June 1st, 2022 at 9:45am CST by Luke Adams

After earning Sixth Man of the Year honors in 2022, Heat guard Tyler Herro isn’t interested in winning the award again in 2023. He said during his end-of-season media session on Tuesday that he’d rather have a spot in Miami’s starting five next season, as Nick Friedell of ESPN writes.

“Yeah, for sure,” Herro said. “In some way, I would like to start. I think it’s my fourth year, so I think I’ve earned it, and we’ll see what happens.”

It will be a big offseason for Herro, who will be eligible for a contract extension as he prepares to enter the final season of his four-year rookie contract. The Heat will have to take into account the 22-year-old’s impressive regular season (20.7 PPG, 4.0 APG on .447/.399/.868 shooting) and his underwhelming postseason (12.6 PPG, 2.8 APG on .409/.229/.926 shooting), as well as their cap situation going forward.

“I’m not sure yet, honestly, what’s going to happen,” Herro said, per Friedell. “We’ll see what happens this summer. My agent (Jeff Schwartz) will talk to who he needs to talk to, and we’ll see what happens.”

Here’s more on the Heat:

Caleb Martin said on Tuesday that he’ll be “open-minded” as he enters restricted free agency this summer, but his preference would be to remain in Miami, according to Barry Jackson and Anthony Chiang of The Miami Herald. “I want to be here. I got better here. I believe I’ll get better here,” Martin said.
Udonis Haslem said he plans to “take my time” before deciding whether or not he’ll return for a 20th season in 2022/23, per Jackson and Chiang. The NBA’s oldest player, Haslem will turn 42 next Thursday, but appears to have a place on the Heat’s roster for as long as he wants to play. He remains interested in a role with the organization – preferably as part of the ownership group – once he eventually retires.
In a separate story for The Miami Herald, Jackson takes an in-depth look at what’s on tap for the Heat this offseason, including potentially negotiating new deals with Martin and P.J. Tucker, who holds a $7.35MM player option for 2022/23. Jackson also considers whether Miami has a viable path to trading for a star this summer.
ESPN’s Bobby Marks (Insider link) and Yossi Gozlan of HoopsHype shared their Heat offseason previews, with a focus on a possible extension for Herro.

Kyle Lowry To Miss Game 1 Of Eastern Conference Finals

May 16th, 2022 at 5:00pm CST by Dana Gauruder

Heat point guard Kyle Lowry has officially been listed as out for Game 1 against the Celtics due to his lingering hamstring injury, Anthony Chiang of the Miami Herald tweets.

The news comes as no surprise since Lowry didn’t practice on Monday. Hobbled by the injury, Lowry has appeared in only five postseason games. He last took the court in Game 4 of the semifinals against Philadelphia, when he scored just six points with seven assists and four turnovers in 30 minutes on May 8.

Caleb Martin (ankle sprain), Max Strus (hamstring strain), P.J. Tucker (calf strain) and Gabe Vincent (hamstring strain) are listed as questionable, Chiang adds in another tweet. Most Heat players who have been listed as questionable throughout the playoffs have ended up being active.

Strus has been one of the breakout performers in the postseason. He averaged 19.5 PPG and 10.5 RPG in Games 5 and 6 against Philadelphia. Tucker averaged 8.2 PPG, 5.2 RPG and 1.7 APG in 30.7 MPG during the Sixers series while providing his usual hard-nosed defense.