Caleb Martin’s contracts and salary breakdown
Know all about Miami Heat's small forward Caleb Martin and exactly how much he is earning from his NBA contracts and player salaries.
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Miami Heat's Caleb Martin (Getty)
Caleb Martin’s NBA career didn’t start on a high note after he went undrafted in the 2019 NBA draft. He would start his career by signing with the Charlotte Hornets until being waived in August 2021. Now playing for the Miami Heat, exactly how much is Caleb Martin earning from his NBA contract?
Caleb Martin is the twin brother of Hornets small forward Cody Martin. Although his professional career did not start in a dream-like fashion, Martin is currently on his three-year $20.4 million deal with the Miami Heat. With a player option for the final year of his contract, Caleb Martin could play with the Heat until 2025.
Having played an integral part in the first round of the NBA playoffs, fans will probably see Caleb continue with the franchise for long. But exactly how much is the small forward earning in the NBA? Here’s the comprehensive breakdown of Caleb Martin’s contracts and salary details.
Also Read: Jimmy Butler Net Worth in 2023: How much is he worth?
Current Contract Breakdown
Caleb Martin is currently on his three-year contract worth $20,408,850, signed in July 2022 with the Miami Heat. The contract will see him earn an average salary of $6,802,950 per annum until 2024-25. The contract has a player option for the final year of his team that has to be activated before June 29, 2024.
For the 2022-23 season, the small forward has earned a base salary of $6,479,000, carrying a cap hit of $6,479,000. As for the coming season, Caleb Martin will earn a base salary of $6,802,950, with a dead cap and cap hit of $6,802,950. If Martin does opt to activate the player option, it will see him bag $7,126,900 for the 2024-25 season. Caleb Martin will become an Unrestricted Free Agent in 2025.
| CONTRACT | AVG. SALARY | GTD AT SIGN | SIGNED USING | FREE AGENT |
| 3 yr(s) / $20,408,850 | $6,802,950 | $20,408,850 | Free Agent/MLE | 2025 / UFA |
Salary Breakdown
- Current Salary: $6,479,000
- Salary Per Month: $539,917
- Salary Per Week: $134,979
- Salary Per Game: $7,9012
- Salary Per Quarter: $19,753
- Salary Per Minute: $1,646
Previous Contracts and Salaries
2021 – 2021
| CONTRACT | AVG. SALARY | GTD AT SIGN | SIGNED USING | FREE AGENT |
| 1 yr(s) / $527,615 | $527,615 | $527,615 | Rest Of Season/Minimum | 2022 / RFA |
2019 – 2021
| CONTRACT | AVG. SALARY | GTD AT SIGN | SIGNED USING | FREE AGENT |
| 3 yr(s) / $4,198,912 | $1,399,637 | $500,000 | /MLE | 2022 / RFA |
2019 – 2019
| CONTRACT | AVG. SALARY | SIGNED USING | FREE AGENT |
| 1 yr(s) / $898,310 | $898,310 | Exhibit 10/Minimum | 2020 / RFA |
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Ritvik Malhotra
(1085 Articles Published)