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.
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.
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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