Wojnarowski indicates the agreement covers two years. However, as Bobby Marks of ESPN notes (via Twitter), Indiana had been about $1.12MM below the luxury tax line with 14 players on guaranteed contracts. As such, Martin’s deal – which would count for $1.62MM for tax purposes – seems unlikely to be fully guaranteed unless the team has another move lined up to sneak back below the tax line.
Martin emerged as a rotation player in Minnesota last season, averaging 6.4 PPG and 3.1 RPG in 31 games (16.0 MPG), though he struggled with his shot (.392 FG%, .260 FT%).
The 25-year-old initially received a qualifying offer from the Timberwolves, making him a restricted free agent. The club withdrew that QO on Sunday though, allowing him to become unrestricted and to sign outright with Indiana.