Caleb Martin has agreed to return to the Miami Heat on a three-year deal worth $20 million, a source confirmed to ESPN’s Tim Bontemps.
A restricted free agent, Martin broke out last season for Miami, providing a solid rotation option on the wing to an injury-plagued Heat team.
After playing his first two seasons alongside his twin brother Cody in Charlotte, Caleb signed a two-way deal with Miami and went on to average a career high 22.9 minutes per match. He scored 9.2 points per game while shooting 50.7% from the field and 41.3% from 3-point range.
Martin, 26, started 12 games last campaign — mostly as a replacement for the injured Jimmy Butler — and his all-around offensive game and strong defense helped the Heat stay afloat without one of their stars.
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Martin is the latest role player to return this offseason to the Heat, who have also agreed to re-sign guard Victor Oladipo to a one-year deal earlier this month.
It’s not as much money as his twin brother got, but it’s still a good deal.
Martin said he wanted to be back in Miami, and the Heat wanted him back, the only question was the price. That turned out to be the taxpayer mid-level exception.
This is for the taxpayer mid-level exception, which starts at $6.4 million and has raises from there.
Martin earned this. He was waived by Charlotte less than a year ago, had to sign a two-way contract with the Heat to keep his foot in the NBA door, and played so well they had to convert him to a regular deal.
Miami is not done rounding out its roster, with the biggest question — can the Heat find a way to win the Kevin Durant sweepstakes — still hanging out there.
Miami had the best record in the East last season and brings back Bam Adebayo and Jimmy Butler, but they need something more to win the East over a healthy Bucks or improved Celtics team. It doesn’t have to be a KD-level move, but the Heat need to do something more.
Brining back Martin is a good move, however.
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