Cody Martin

Contract Details: J. Smith, Oladipo, Co. Martin, Payton, More

Jalen Smith‘s new deal with the Pacers, initially reported as a two-year agreement, is actually a three-year contract with a player option in year three, according to Scott Agness of Fieldhouse Files (Twitter link). The deal also includes a trade kicker, says Agness.

Hoops Rumors can confirm Agness’ report and add that Smith’s trade kicker is worth 10%. The Pacers gave the big man the highest starting salary they legally could after the 2022/23 option in his rookie scale contract was turned down last year, resulting in a 2022/23 cap hit of $4,670,160 and subsequent 8% annual raises. Smith’s three-year deal has a total value of $15.13MM.

Here are a few more details on recently signed or agreed-upon contracts:

  • According to Anthony Chiang of The Miami Herald, Victor Oladipo‘s two-year deal with the Heat will be worth in the neighborhood of $18MM. As we relayed on Wednesday evening, Oladipo agreed to lower his 2022/23 salary in exchange for a second-year option. Dewayne Dedmon‘s two-year contract with the Heat, meanwhile, is worth $4.7MM in ’22/23 with a non-guaranteed $4.32MM salary in ’23/24.
  • Cody Martin‘s four-year contract with the Hornets is worth a total of $31.36MM, Hoops Rumors has learned. Martin’s $8.68MM salary in the final season of the deal (2025/26) is non-guaranteed.
  • Gary Payton II‘s three-year deal with the Trail Blazers has a starting salary of $8.3MM and is worth $26.15MM in total, slightly below its reported value of $28MM, Hoops Rumors has learned. The signing leaves Portland with a small portion of its mid-level exception remaining.
  • Jae’Sean Tate‘s three-year contract with the Rockets has a base value of $20.63MM, but can be worth up to $22.13MM if Tate earns all of his unlikely incentives. Kelly Iko of The Athletic previously reported that those incentives are tied to the team’s performance and that Tate’s contract includes a third-year team option.
  • Anfernee Simons‘ new four-year, $100MM contract with the Trail Blazers is fully guaranteed, without any incentives, Hoops Rumors has learned. It begins at $22.32MM in 2022/23 and eventually increases to $27.68MM in ’25/26.
  • New Raptors forward Otto Porter will earn $6MM in 2022/23, with a $6.3MM player option in ’23/24, Hoops Rumors has learned.

Hornets Re-Sign Cody Martin To Four-Year Deal

JULY 6: The Hornets have officially re-signed Martin, the team announced in a press release.

“Re-signing Cody was one of our offseason priorities, and we’re excited to have him return to the Hornets,” president of basketball operations Mitch Kupchak said in a statement. “He is an exceptional defender, plays hard at both ends of the floor and has improved all aspects of his game since entering the NBA. Cody will continue to be a valuable member of our team as we move forward.”


JULY 2: The Hornets and restricted free agent Cody Martin have reached an agreement on a multiyear deal, reports Rod Boone of The Charlotte Observer (via Twitter). According to Shams Charania of The Athletic (via Twitter), Martin is signing a four-year, $32MM contract to remain in Charlotte.

Martin, 26, has spent his first three NBA seasons with the Hornets and emerged as a key part of the team’s rotation in 2021/22. He averaged an extra 10 minutes per game and improved his numbers across the board, setting new career highs in PPG (7.7), RPG (4.0), APG (2.5), SPG (1.2), FG% (.482), and 3PT% (.384).

A second-round pick in 2019, Martin earned a total of $4.47MM in his first three years in the NBA, so his new deal represents a major pay increase. Because the Hornets held his Bird rights, they won’t need to dip into their mid-level exception to complete the signing.

The deal with Martin is the first move of what has been a relatively quiet free agent period in Charlotte so far. In the weeks leading up to free agency, it was assumed that sorting out Miles Bridges‘ contract situation would be the Hornets’ top priority. However, Bridges was arrested and charged with felony domestic violence this week.

With Bridges’ NBA future up in the air, the Hornets shifted their focus to re-signing their other key restricted free agent wing. It’s unclear to what extent Martin explored the open market, but Charlotte would have had the ability to match any offer sheet he signed. The two sides avoided any drama by negotiating a new directly.

Martin’s twin brother Caleb Martin is one of the top free agents still on the board. Cody and Caleb ranked 28th and 29th, respectively, on the final iteration of our list of this year’s top 50 free agents.

Otto Porter, Gary Harris, T.J. Warren Among Lakers’ Potential FA Targets

The Lakers‘ options on the free agent market this week will likely be limited, since the team will only be able to offer the $6.5MM taxpayer mid-level exception or a minimum-salary contract to potential targets. However, as Jovan Buha of The Athletic writes, the team will still aim high, hoping to sell players on the opportunity to start and the ability to increase their stock with a strong year in Los Angeles, like Malik Monk did in 2021/22.

According to Buha, youth, length, athleticism, and shooting are among the traits the Lakers will be prioritizing. Two-way wings who could come in and potentially start alongside Anthony Davis, LeBron James, and Russell Westbrook will be a priority, sources tell The Athletic.

Here are some details on the types of players the Lakers will be eyeing in free agency:

Miles Bridges, Collin Sexton Among Players Receiving QOs

The Hornets have issued qualifying offers to a pair of forwards, officially making Miles Bridges and Cody Martin restricted free agents, according to Roderick Boone of The Charlotte Observer.

Bridges’ qualifying offer is worth $7,921,300 as a result of him meeting the starter criteria in 2021/22. That one-year offer is essentially a placeholder, giving the Hornets the ability to match any offer sheet Bridges signs as a free agent. He could accept the QO, but will likely receive a far more lucrative long-term contract — perhaps even a max deal.

Hornets president of basketball operations Mitch Kupchak expressed confidence in the team’s ability to re-sign Bridges today, telling reporters that “we’re going to bring him back.”

As for Martin, his qualifying offer is worth a more modest $2,228,276. He’s coming off a strong season as a rotation player in Charlotte and has earned a raise himself, albeit not one as substantial as the one Bridges will receive.

Bridges and Martin rank sixth and 29th, respectively, on our list of the top 50 free agents of 2022, and will each move up a spot when we officially remove Kyrie Irving.

Here are a few more qualifying offer updates from around the NBA:

  • The Cavaliers have extended qualifying offers to Collin Sexton and RJ Nembhard, making both players restricted free agents, according to Chris Fedor of Cleveland.com (Twitter links). Sexton’s QO will be worth $7,228,448 instead of $8,559,357 because his torn meniscus prevented him from meeting the starter criteria. Nembard’s QO is for a two-way deal with a small partial guarantee.
  • The Raptors made qualifying offers to both of their two-way free agents, Justin Champagnie and David Johnson, tweets Blake Murphy of Sportsnet.ca. Toronto has reportedly agreed to a two-way deal with Ron Harper Jr., which would leave only one two-way slot for Champagnie or Johnson, so perhaps the team plans to promote one of them to a standard contract.
  • The Raptors also continued their annual tradition of submitting a qualifying offer to French guard Nando De Colo, who has been out of the NBA since 2014 and continues to play for Fenerbahçe in Turkey, Murphy notes. There’s no indication De Colo will ever return to the NBA, but if he does, the 35-year-old’s RFA rights would be controlled by Toronto. The qualifying offer projects to be worth $2,011,516, based on a $122MM cap.

Northwest Notes: Connelly, Wolves, Jokic, Trail Blazers

Nuggets president Tim Connelly faces several important decisions if he winds up running the Timberwolves, writes Chris Hine of The Star Tribune. Connelly is meeting with Wolves owner Glen Taylor this weekend, and the two sides appear to be getting close to a deal, per Hine.

Minnesota gave Chris Finch a four-year extension in March, so the coaching situation is stable. Connelly has experience working with Finch, who served as a Denver assistant in 2016/17. Things are less clear regarding the front office, which has been run by Sachin Gupta since Gersson Rosas was fired in September. Gupta recently made an important personnel move, hiring Steve Senior as assistant general manager.

As for the roster, Karl-Anthony Towns will be eligible for a super-max extension this offseason if the star center is voted onto an All-NBA team, Hine notes. Connelly would also have to determine whether to pursue extension talks with D’Angelo Russell, who is entering a contract year, and would be searching for ways to improve the roster to build on this year’s playoff appearance.

There’s more from the Northwest Division:

  • If Connelly joins the Timberwolves, he might bring a big-name executive from another organization with him, tweets Darren Wolfson of 5 Eyewitness News. Taylor isn’t expected to stand in the way of the rumored move, which is supported by incoming owners Marc Lore and Alex Rodriguez.
  • The Nuggets‘ lack of urgency to keep Connelly should make Nikola Jokic think twice about committing to the organization, argues Mark Kiszla of The Denver Post. Kiszla accuses Kroenke Sports & Entertainment, which owns the team, of treating everyone like they can be replaced, even Connelly, who built a potential title contender and was responsible for drafting Jokic in the second round. Connelly was upset that the Nuggets failed to offer him a long-term deal during the season, according to Kiszla, and that decision could cost the team one of its most valuable assets.
  • The Trail Blazers may target Charlotte’s Miles Bridges and Cody Martin in free agency, per Ian Begley of SNY.tv. Both players will be restricted free agents, so the Hornets could match any offer that Portland (or another team) makes.

Free Agent Stock Watch: Southeast Division

For the rest of the regular season and postseason, Hoops Rumors is taking a closer look at players who will be free agents or could become free agents this offseason. We consider whether their stock is rising or falling due to their performance and other factors. Today, we’re focusing on a handful of Southeast players.


P.J. Tucker, F, Heat

2021/22: $7MM
2022/23: $7.35MM player option
Stock: Up ⬆️

Tucker will turn 37 years old in May, and there aren’t many non-stars in the NBA who could realistically turn down a $7.35MM guarantee at that age. Tucker might be in position to do so though. He has been everything the Heat hoped for this season, starting 56 games, playing stellar defense, and knocking down a career-high 44.9% of his three-point attempts. If that performance carries over to the postseason and he plays a key role in a deep playoff run, Tucker could realistically command one more multiyear contract this summer.

Mohamed Bamba, C, Magic

2021/22: $7.57MM
2022/23: RFA
Stock: Up ⬆️

Entering 2021/22, Bamba was facing a make-or-break year. He had battled injuries and failed to take major steps forward in his first three seasons after being drafted sixth overall in 2018. If this season had resembled his first three, he would’ve been hard-pressed to find more than a minimum-salary deal during his upcoming free agency.

Bamba has responded to the challenge, starting 52 games so far for a rebuilding Magic team and establishing new career highs in PPG (10.2), RPG (7.9), BPG (1.8), and MPG (26.1), among other categories. While he hasn’t yet reached the level that some envisioned when he was drafted, his ability to protect the rim and hit the occasional three-pointer (34.5% on 3.6 attempts per game) should make him a popular target for teams in need of a center this offseason.

Bamba will be a restricted free agent if Orlando extends him a $10.1MM qualifying offer. I expect the Magic will do so unless they don’t see Bamba as part of their future.

Thomas Bryant, C, Wizards

2021/22: $8.67MM
2022/23: UFA
Stock: Down ⬇️

Bryant hasn’t been bad since returning to action following his recovery from a torn ACL, but he hasn’t been the same player he was prior to the injury in 2019-21, when he averaged 13.4 PPG and 7.0 RPG with a .411 3PT%.

The Wizards have a -11.7 net rating when Bryant plays this season, compared to a -1.2 mark when he doesn’t. And there’s no guarantee he’ll see consistent minutes the rest of the way if Kristaps Porzingis stays healthy — Bryant was a DNP-CD in Porzingis’ Wizards debut on Sunday.

Gorgui Dieng, F/C, Hawks

2021/22: $4MM
2022/23: UFA
Stock: Down ⬇️

The Hawks presumably envisioned Dieng being a regular part of the frontcourt rotation when they used part of their mid-level exception to sign him last summer. And for a while, he was.

Dieng played in 28 of Atlanta’s first 33 games, but following a stint in the health and safety protocols and the emergence of Onyeka Okongwu, his role has all but disappeared. Dieng has only appeared in 12 of the team’s last 30 games, logging more than eight minutes just three times during that stretch. At this point, it’s hard to imagine the 32-year-old getting another offer above the minimum this summer.

Cody Martin, G/F, Hornets

2021/22: $1.78MM
2022/23: RFA
Stock: Up ⬆️

Cody’s twin brother Caleb Martin has gotten more press for his breakout year in Miami, but Cody has also taken his game to another level this season. He has averaged career highs virtually across the board, putting up 8.1 PPG, 4.1 RPG, 2.5 APG, 1.3 SPG and a .465/.406/.692 shooting line while playing an important role in Charlotte’s rotation.

While he’s probably not in line for a massive payday, Cody has assured himself of a qualifying offer (it’ll likely be worth $2.23MM) and should have some leverage to negotiate a multiyear deal with the Hornets, who won’t want to lose him in unrestricted free agency in 2023.

COVID-19 Updates: Wizards, Billups, Thunder, Hornets, Raptors, More

The Wizards now have five players in the NBA’s health and safety protocols, according to head coach Wes Unseld Jr., who told reporters today that Anthony Gill and Thomas Bryant are the latest players to enter the protocols (Twitter link via Chase Hughes of NBC Sports Washington).

Bryant is coming off an ACL tear and has yet to play this season, so being in the protocols won’t affect his availability. However, Gill will no longer be an option in the short term for the Wizards after appearing in eight of the team’s last 11 games.

Here are more COVID-19 updates from around the NBA:

  • Trail Blazers head coach Chauncey Billups has entered the COVID-19 protocols, according to ESPN’s Adrian Wojnarowski (Twitter links), who reports that assistant Scott Brooks is expected to become Portland’s acting head coach as long as Billups is unavailable.
  • Aleksej Pokusevski and Jeremiah Robinson-Earl of the Thunder have entered the health and safety protocols, according to the team (Twitter link via Wojnarowski). Aaron Wiggins also briefly entered the protocols, but has since been listed as available, tweets Joe Mussatto of The Oklahoman. Oklahoma City now has four players in the protocols.
  • The Hornets announced some good news and some bad news on Monday. While Cody Martin has exited the protocols and has been cleared to play on Monday vs. Houston, rookie Scottie Lewis is now in the protocols, according to the team (Twitter link).
  • Three Raptors players – Pascal Siakam, Khem Birch, and Gary Trent Jr. – have exited the protocols and are listed as questionable for Tuesday’s game vs. Philadelphia as they go through a reconditioning period, tweets Josh Lewenberg of TSN.ca. Toronto still has seven players in the protocols, but may finally be trending in the right direction.
  • Celtics forward Grant Williams boarded a flight to Minnesota earlier today and expects to play tonight vs. the Wolves, according to Jared Weiss of The Athletic (Twitter link). Williams has been in the health and safety protocols since December 17.
  • Although Ziaire Williams remains on the shelf due to an ankle sprain, he’s no longer listed in the protocols in the Grizzlieslatest injury report, suggesting he has been cleared.

Josh Richardson, Cody Martin Enter Protocols

Celtics swingman Josh Richardson and Hornets swingman Cody Martin have entered the NBA’s health and safety protocols, the teams announced (Twitter links).

Richardson, 28, exited the league’s protocols just under a week ago. Boston now has seven players in protocols ahead of Monday’s game against Philadelphia, plus Jayson Tatum (left ankle sprain), Romeo Langford (neck pain) and Dennis Schroder (illness) on the injury report as questionable.

Martin, 26, will enter protocols for the first time this season. His brother, Caleb, is going through the same situation with the Heat, though it’s unclear if this is related to Cody’s addition.

Richardson has provided two-way production for Boston this season, averaging 10.7 points in 25.2 minutes per game this season. Martin has done much of the same for Charlotte, though the third-year player is shooting a scorching 51% from three-point range.

Richardson and Martin are part of a growing list of players who are in the NBA’s protocols. Over a dozen players were placed on Sunday, while five game postponements were announced.

Southeast Notes: Hawks, Hornets, Riley, Butler

The 3-3 Hawks have yet to recapture the momentum that propelled them to the Eastern Conference Finals last season, writes Chris Kirschner of The Athletic. With an intimidating schedule coming up in which Atlanta will play several 2021 playoff teams, Kirschner offers his thoughts on how the club can adjust.

While forwards Cam Reddish and John Collins have exhibited plenty of growth, other key Hawks players have struggled a bit. Point guard Trae Young is struggling to adjust to the league’s new free throw rules, while shooting guard Kevin Huerter is struggling to connect from deep.

There’s more out of the Southeast Division:

  • The Hornets have already enjoyed a promising start to the 2021/22 season, writes Roderick Boone of the Charlotte Observer. New additions Ish Smith and Kelly Oubre have fit in well thus far, with Oubre connecting on a solid 35.7% of his three-point looks. 2022 restricted free agent forward Miles Bridges has taken his scoring to borderline All-Star heights, and Boone is pegging his future contract in the $100MM vicinity. When it comes to perimeter depth, Boone observes that Cody Martin, Jalen McDaniels, and Nick Richards are also improving.
  • The hot start of the Heat has Ira Winderman of the South Florida Sun Sentinel wondering if team president Pat Riley has finally nailed the club’s supporting lineup around All-Stars Jimmy Butler and Bam Adebayo. The club has wholly recalibrated its frontcourt depth around Adebayo, and the early results have paid dividends thus far. The addition of former Raptors All-Star point guard Kyle Lowry has made a huge defensive impact on Miami, though his offense is struggling so far. Sixth man Tyler Herro also appears to have taken a leap in his third season.
  • Heat All-Star swingman Jimmy Butler has thrived alongside new addition Kyle Lowry. Anthony Chiang of the Miami Herald wonders if Butler has been newly maximized as a player alongside the former six-time All-Star point guard.

Eastern Notes: Rose, Martin Twins, Ball, Milton

Knicks guard Derrick Rose downplayed the ankle injury he suffered during the team’s preseason win over Washington on Saturday, as relayed by Marc Berman of the New York Post. Rose was dealing with the injury throughout the fourth quarter and left for the locker room with one minute remaining.

“It’s nothing serious at all, but if I kept playing I probably would’ve made it worse,’’ Rose said. “I think I probably did it myself. It’s the second game — all this is new, moving around, Thibs training camps are different. I just have to take my time. I’m getting older. I tweaked it but didn’t twist it all the way. Thibs understood [when I took myself out].’’

Rose is expected to serve as the team’s backup point guard behind Kemba Walker this season. He played a key role in the team’s success last season, averaging 14.9 points, 4.2 assists and 26.8 minutes per game in 35 contests.

There’s more from the Eastern Conference tonight: