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Heat extend qualifying offer to Caleb Martin

June 21, 2022 by Hot Hot Hoops

Philadelphia 76ers v Miami Heat
Photo by Mark Brown/Getty Images

The move makes Martin a restricted free agent.

The Miami Heat extended a qualifying offer to Caleb Martin on Tuesday. The move makes him a restricted free agent, giving the Heat to match outside offers, when negotiations begin June 30 at 6 p.m. ET. During his exit interview after the Heat season ended, Martin said that he wants to stay in Miami.

NEW: As expected, the Heat extended a $2.1 million qualifying offer to Caleb Martin. What the move means for the Heat and Martin https://t.co/UERZOEKHVW

— Anthony Chiang (@Anthony_Chiang) June 21, 2022

Despite entering the season on a two-way contract, Martin became a consistent rotation player early in the season. After Markieff Morris’ injury, the former Charlotte Hornet slotted in as a small-ball four who offered versatile defense and improved 3-point shooting. In the 2020-21 season with Charlotte, Martin shot just 25 percent from 3 on 2.4 attempts per game. Last year, Martin shot 41 percent on 2.6 attempts per game.

Martin’s breakout came during a December home game against the Milwaukee Bucks. Playing without Jimmy Butler and Bam Adebayo, Martin nailed six 3-pointers to lead the Heat over the then-defending NBA champions.

Breakout game of the season. No question. #HEATYearbook pic.twitter.com/7xHA4oFOkb

— Miami HEAT (@MiamiHEAT) June 18, 2022

The Heat would likely turn to either the $6.4 million taxpayer midlevel exception or the $10.3 million non-taxpayer midlevel exception to keep Martin. Athletic wings like Martin are valuable in today’s NBA.

P.J. Tucker, who Martin backed up, is expected to opt out of his player option.

Filed Under: Heat

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