Sixers forward Caleb Martin said his return to Miami has been “bittersweet, for sure,” per Anthony Chiang of The Miami Herald. Martin has been in Miami since the weekend as the 76ers had a couple days off before facing Miami on Monday. The 29-year-old spent the past three seasons with the Heat before signing a four-year, $35MM+ deal with Philadelphia as a free agent over the offseason.
“Obviously, I had a lot of great memories here, unforgettable memories,” Martin said. “I still got lifelong relationships that I still have with guys. This is my second home.”
As Chiang writes, Martin confirmed previous reporting that he declined an extension offer from Miami that was contingent upon him picking up his 2024/25 player option worth $7.1MM. Martin would have received an additional $58MM over four years on top of that option, putting the total value at $65MM over five years.
The tricky part was the timing — Martin had to make a decision on picking up his option by June 29, the day before free agents could negotiate with rival teams. His representation thought he could get more money in free agency, which didn’t materialize. But he doesn’t fault his agent for how things played out.
“Nobody has a crystal ball,” Martin said. “At the end of the day, nothing gets approved without me giving the OK, ultimately. That’s stuff that you live and you learn. Obviously, it hurts because of all the memories and everything that comes with this and there’s obviously money left on the table. But I think there are also other aspects of the decision and how things shook out that was a good thing, and that I might have had to move on.”
Martin, who was undrafted in 2019 and was released by Charlotte before catching on with the Heat on a two-way deal three years ago, said he tries to keep things in perspective, since he still signed the most lucrative contract of his career.
“I’m very fortunate to be where I’m at and still have another guaranteed four years in this league, which is hard,” said Martin. “Coming from where I come from, if you would have told me I had a guaranteed nine years in the league, I would have never believed you. Regardless, I’m blessed. I’m very blessed to still be competing at a high level.
“I do feel like I’m in a very good spot. I feel like I would have been in a good place regardless. I would have loved to have come back and made that work, as well. It’s nothing personal against [the Heat]. I have nothing but love for them.”
Here are a few more notes from Miami:
- Star forward Jimmy Butler will return to action on Monday after missing the past four games with a right ankle sprain, the team announced (via Twitter). Butler, 35, could be a free agent in 2025 if he declines his $52.4MM player option for next season. If you count the game he was injured (he played fewer than seven minutes), the Heat went 2-3 in Butler’s absence.
- While it’s obviously welcome news that Butler will be back tonight, the Heat will be without two rotation regulars in Terry Rozier (right foot discomfort) and Jaime Jaquez, according to the the team. As Chiang of The Miami Herald writes, Jaquez suffered a right ankle sprain at the end of the third quarter in Sunday’s loss to Indiana. The second-year forward had an X-ray, which came back negative. “That’s one of the craziest ones,” head coach Erik Spoelstra said of Jaquez’s injury. “He just happened to be backpedaling back and stepped on (T.J.) McConnell’s foot. He says he’s fine. There’s no way to know with sprained ankles. We’ll find out when we get back to Miami.”
- First-round pick Kel’el Ware hasn’t gotten many opportunities for playing time to this point in his rookie season, but he’s embracing the team’s development plan and is trying to soak up as much knowledge as he can, per Dustin Dopirak of The Indianapolis Star. “I really like the way he’s developed,” Spoelstra said. “He’s embraced us and the structure. He’s responded well to it. He’s already responded very well in the weight room, gotten a lot stronger and then he’s just been diligent, working. Is it going to be perfect? You know, no. He still has a lot of things to learn and figure out where he can be most effective in his role. But if he continues to stack days with intention the way he has been, he’s going to improve very quickly.”
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