Caleb Martin has agreed to return to the Miami Heat on a three-year deal worth $20 million, a source confirmed to ESPN’s Tim Bontemps.
The Heat announced the signing on Wednesday night but did not disclose terms of the deal.
“Caleb is a multi-position player with tremendous energy that had a career year with us,” Heat president Pat Riley said in a statement. “He works hard and deserves this as much as any young player in the league. We are extremely happy he has decided to come back.”
A restricted free agent, Martin broke out last season for Miami, providing a solid rotation option on the wing to an injury-plagued Heat team.
After playing his first two seasons alongside his twin brother Cody in Charlotte, Caleb signed a two-way deal with Miami and went on to average a career high 22.9 minutes per game. He scored 9.2 points per game while shooting 50.7% from the field and 41.3% from 3-point range.
Martin, 26, started 12 games last season — mostly as a replacement for the injured Jimmy Butler — and his all-around offensive game and strong defense helped the Heat stay afloat without one of their stars.
The Athletic first reported Martin’s deal Wednesday.
Martin is the latest role player to return this offseason to the Heat, who have also agreed to re-sign guard Victor Oladipo and center Dewayne Dedmon.