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Nevada alum Caleb Martin signs a two-way contract with the Miami Heat

Caleb Martin
Caleb Martin dunks the ball over Ben McLemore during a game last season. (Jacob Kupferman/Getty Images)

Nevada basketball alum Caleb Martin, who was waived by the Charlotte Hornets last month, has signed a two-way contract with the Miami Heat, per Stadium's Shams Charania.

Martin spent the first two years of his NBA career playing with the Hornets alongside his twin brother, Cody. He will now play in the same division. Martin was an undrafted free agent in 2019 and signed a training camp deal with his home-state team before making the team. He impressed enough in the exhibition season to get a contract on the team's 15-man roster.

Martin spent much of his rookie season in the G League, appearing in 18 games with the parent club. He played in 53 games for Charlotte last season, averaging 5.0 points, 2.7 rebounds and 1.3 assists in 15.4 minutes per game. He shot 37.5 percent from the field, including 24.8 percent from three. As a rookie, Martin averaged 6.2 points, 2.1 rebounds and 1.3 assists in 16 minutes per game at the NBA level, shooting 44 percent from the field, including 54.1 percent from three.

A two-way contract allows players to split time between the G League and NBA. Miami's G League affiliate is the Sioux Falls Skyforce in South Dakota. In 2019-20, Martin played 28 games in the G League, averaging 21.3 points, 6.0 rebounds, 3.8 assists and 1.6 steals per. He made 46.9 percent of his shots, including 37.1 percent from three.

NBA teams are allowed 15 players on its roster with two additional two-way players. Per a change to the rules last season, two-way players are eligible to be active for up to 50 of their team’s 82 regular-season games. Players were previously limited to 45 days with their NBA teams. Two-way players also receive a flat salary of $462,629, half the rookie minimum. Martin's contract with the Hornets was to pay him $1.8 million in 2021-22 before he was cut.

Martin is the third Nevada alum on an NBA contract this season, joining his brother, Cody, and JaVale McGee, who signed a one-year, $5 million with the Phoenix Suns this offseason.

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