Miami Heat forward Caleb Martin has been phenomenal for his team on their way to the NBA Finals. Although his initial years in the league may not have been the best, Martin has finally scheduled the date with destiny as the Miami Heat face the Denver Nuggets for the Championship. So exactly how much wealth has the NBA professional amassed over the years and what is Caleb Martin’s net worth in 2023?
Although Martin had gone undrafted in the 2019 draft class, he would still sign with the Charlotte Hornets. Caleb Martin is the twin brother of Cody Martin, who also played for the franchise. Caleb would continue with the Hornets until being waived in August 2021. In September 2021, Martin signed with the Miami Heat and has been playing for the franchise since then.
Currently, in his fourth season in the NBA, Caleb Martin has made an impressive fortune for himself. Here’s what you need to know about the Miami Heat forward’s net worth in 2023.
Despite only playing four seasons in the league, Caleb Martin has amassed a net worth of $7 million as of 2023. Martin has made the majority of his fortune from player contracts and NBA salaries.
Currently, on his three-year $20 million deal with the Miami Heat, Caleb earns an average salary of $6,802,950 per annum. It is the largest contract he has signed in his professional career, definitely one of the first of many.
His previous contracts with the Charlotte Hornets had also added to his overall net worth. Aside from his NBA contracts, Martin has also signed a few brand endorsement deals.
Contracts & salary
Caleb Martin signed his three-year contract worth $20,408,850 with the Miami Heat in July 2022. The deal comes with $20,408,850 guaranteed at signing and an average salary of $6,802,950 annually. There is a player option for the final year of his contract, which, if exercised, will see Martin bag $7,126,900 in the 2024-25 season.
Caleb Martin earned a base salary of $6,479,000 in the 2022-23 season with a similar cap hit value. For the 2023-24 season, the Heat forward will be earning a base salary of $6,802,950 with a dead cap and cap value of $6,802,950.
The player option on his contract must be exercised before 29th June 2024. Caleb Martin will become an Unrestricted Free Agent in 2024.
As it is only his fourth season in the NBA, Caleb Martin is yet to sign many endorsement deals with big brands. But his performances that have helped the Heat reach the 2023 NBA Finals have surely drawn the attention of the world and it will be no surprise if he signs multiple endorsement deals by the end of the season.
Martin mostly features Nike shoes on the courts and is partial to Nike KD 14. He has also donned shoes of the Air Jordan and Nike PG series during NBA games.
Ritvik Malhotra is an NBA editor and writer for FirstSportz. He has previously worked with renowned media outlets such as FootTheBall and EssentiallySports. He has been following the NBA for nearly a decade and has been a diehard fan of Kevin Durant since his heydays with the Oklahoma City Thunder. When not writing about the beautiful game, he enjoys his rock playlist.
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