The Philadelphia 76ers have agreed to a contract with former Miami Warmth ahead Caleb Martin, as first reported by ESPN’s Adrian Wojnarowski.
Martin was reportedly provided a contract extension by his incumbent crew, the Miami Warmth, earlier than he hit free company. The supply then was reported to pay him $7.1 million in 2024-25. He declined the extension to check the open market however remained unsigned for a while. Ira Winderman reported that the complete phrases of the deal provided to him by Miami had been $65 million over 5 years.
Martin was a playoff weapon for the Warmth in 2022-23, after they received an Jap Convention title. Towards the Boston Celtics in that seven-game convention championship collection, Martin averaged 19.3 factors, 6.4 rebounds, and 1.7 assists per sport on 60.2% taking pictures from the sphere and 48.9% from the 3-point line.
Martin is named a sharpshooter with serviceable defensive capabilities, and will present added perimeter offense to a reloaded Sixers squad.
To facilitate the deal and make house on the roster, the Sixers waived Paul Reed.
Earlier this offseason, the Sixers added Paul George and signed budding guard Tyrese Maxey to a most contract extension.
Wojnarowski’s full report of the deal signifies the Sixers signed Martin to a deal value “greater than” $32 million over 4 years. $32 million would put it at a median annual worth of $8 million per yr, $5 million lower than the supply he reportedly left on the desk with Miami.
Winderman reported that the deal was for $40 million over 4 years, nonetheless lower than the Miami supply.