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Caleb Martin to Sign with 76ers’

Free agent Caleb Martin is close to finalizing a contract with the Philadelphia 76ers, as reported by Adrian Wojnarowski of ESPN. Also, the club is waiving Paul Reed, whose contract is non-guaranteed for next season, Wojnarowski adds. 

Caleb Martin brings valuable playoff experience to Philadelphia, making him a versatile option for both the bench and starting lineup.

During his last three seasons with the Miami Heat, Martin averaged 9.6 points and 4.4 rebounds over 195 games, starting in 84 of them.

He played a crucial role in the Heat’s 2022-23 NBA Finals run, particularly in the Eastern Conference Finals against Boston, where he averaged 19.3 points on an impressive 60.2% shooting from the field and 48.9% from three-point range.

His outstanding performance nearly earned him the Eastern Conference Finals MVP award

According to Ira Winderman, Caleb Martin declined a five-year, $65 million contract extension before entering free agency.

This deal would have required him to opt into the final year of his current contract with the Miami Heat by last Saturday’s deadline.

The 76ers’ interest in Martin has been evident recently. However, reports indicated that Martin was seeking a higher salary than what Philadelphia was willing to offer.

The Miami Heat also showed interest in re-signing the 28-year-old forward and proposed a contract that could have reached up to $18.1 million in the 2025/26 season, but Martin declined this offer.

While the exact terms of Martin’s new contract haven’t been disclosed, it’s clear that both sides managed to find common ground in their negotiations.

Meanwhile, the Sixers have decided to part ways with Reed, their former 58th overall draft pick in 2020. Reed has developed into a dependable backup in the frontcourt over the past few seasons.

In the 2023/24 season, he averaged 7.3 points, 6.0 rebounds, 0.8 steals, and 1.0 block per game, playing in every one of Philadelphia’s 82 regular-season games.

However, his $7.7 million contract for the upcoming season was completely non-guaranteed, and the Sixers are likely to use this newfound financial flexibility towards potentially signing Martin.

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