Via the Miami Herald:
The Heat extended a $2.1 million qualifying offer to forward Caleb Martin on Tuesday, as expected, to retain the right to match outside offers up to the $10.3 million midlevel exception to re-sign him this offseason. In other words, the qualifying offer means that Martin will be a restricted free agent this summer…
But the Heat’s resources to re-sign Martin are limited, as it does not hold his Bird rights and isn’t on track to have cap space. Miami does not have the ability to match an outside offer to Martin above the $10.3 million mid-level exception for next season.
