The Suns are waiving Cody Martin, according to John Gambadoro of Arizona Sports 98.7 (Twitter link).
Martin’s $8.6MM salary for 2025/26 would have become guaranteed had he remained on Phoenix’s roster through June 30. Instead the Suns will cut him loose, making him eligible for unrestricted free agency in a couple days if he clears waivers, which seems likely.
Jake Fischer and Marc Stein of The Stein Line reported earlier this month that Martin had drawn interest from “several” teams as part of the wider trade talks involving Kevin Durant; the following day, Phoenix agreed to send Durant to Houston. However, only one club was specifically mentioned as a possible Martin suitor: the Heat.
Martin was acquired by Phoenix in February ahead of the trade deadline. He spent his first five-and-a-half seasons in Charlotte, the team that selected him 36th overall in 2019.
While the 29-year-old is a strong, versatile defender and solid play-maker, he hasn’t been much of a scoring threat in the NBA, holding career averages of 6.2 points, 3.7 rebounds, 2.2 assists and 1.0 steal on .436/.308/.661 shooting in 21.9 minutes per game across 259 appearances.
Martin has also been plagued by injuries the past few seasons, including a sports hernia ailment in 2024/25 which delayed his Suns debut. Still, he could hold appeal as a bench option for teams looking for defensive help.