Caleb Martin Contract

Caleb Martin Returns to Miami Heat on a Multi-Year Deal

Martin Signs 3-Year Contract Worth $20.4 Million

Guaranteed Salary and Player Option

Caleb Martin has re-signed with the Miami Heat on a three-year contract worth $20.4 million, according to ESPN's Tim Bontemps. The deal includes $20.4 million guaranteed and an annual average salary of $6.8 million.

Martin played a key role for the Heat in the 2022-23 season, averaging 11.8 points, 4.9 rebounds, and 2.8 assists per game. He started in 60 games and was a valuable member of the team's rotation.

Martin's new contract includes a player option for the 2024-25 season, giving him the flexibility to opt out and become a free agent after two years.

The Heat are hoping that Martin can continue to be a key contributor to their success in the coming years. He is a versatile player who can play both forward positions and shoot the three-point shot well.

With Martin back in the fold, the Heat have a strong core of players that includes Jimmy Butler, Bam Adebayo, and Kyle Lowery. They are expected to be competitive in the Eastern Conference once again in the 2023-24 season.