The 2022 NBA Free Agency moratorium lifted Wednesday at 12:00 p.m. ET, allowing teams to make their respective free agency signings and trades official. It also allowed restricted free-agents to sign offer sheets with their previous or new teams, though the latter prompts a 48-hour window for their previous team to match.
Roughly 30 minutes after the moratorium was lifted, the Miami Heat inked restricted free-agent Caleb Martin to a three-year, $20.5 million deal. It used its taxpayer mid-level exception — beginning at $6.5 million in 2022-23 — to complete the deal to avoid triggering the hard-cap.