2. Caleb Martin
Martin will likely decline his $7.1 player option in favor of becoming an unrestricted free agent. The 28-year-old is in the middle of his prime and keeps improving. He played a crucial role in Miami’s run to the 2023 NBA Finals, and the Heat cannot afford to lose him.
Martin will demand at least the non-taxpayer mid-level exception in free agency. Giving him a $5 million per year raise pushes the Heat over the second tax apron and severely limits their roster building. With cap space at a premium, no team will be eager to take on significant money without draft pick compensation. This could lead to Martin’s departure.
Will the Heat let him walk with zero return? Where he decides to sign and for how much likely plays a role. Miami cannot afford to lose any more talent, especially a 6’5 wing who raised his game in two straight postseasons. The Heat may not even make the playoffs in 2025 if they lose Haywood Highsmith and Caleb Martin with zero return.
The role players matter, but the Heat’s most likely player to be traded is their superstar. Fans have already heard the rumors, and Pat Riley laid the groundwork during his end-of-season presser. Miami does not want to take a massive step backward but may deal Jimmy Butler to maximize his value.