NEW ORLEANS, LA - JANUARY 19: Kevin Martin #23 of the Minnesota Timberwolves drives to the basket during the second half of a game against the New Orleans Pelicans at the Smoothie King Center on January 19, 2016 in New Orleans, Louisiana. New Orleans defeated Minnesota 114-99. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Stacy Revere/Getty Images)Stacy Revere/Getty Images

Kevin Martin Reportedly Reaches Buyout with Minnesota Timberwolves

Daniel KramerFeb 27, 2016

Struggling guard Kevin Martin and the Minnesota Timberwolves agreed to terms on a buyout on Tuesday, per ESPN's Marc Stein.

Continue for updates.

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Spurs Are "Favorite" to Sign Martin

Saturday, Feb. 27

Stein reported Saturday the San Antonio Spurs are the front-runners to sign Martin if he's bought out. He would need to sign with the five-time champs by Tuesday to be playoff-eligible, per Stein:

Martin's 2015-16 salary is $7.1 million, per Spotrac. He has a $7.4 million player option for the 2016-17 season.

The Dallas Mavericks, Cleveland Cavaliers, Atlanta Hawks and Oklahoma City Thunder have all expressed interest in the veteran, according to Tim MacMahon of ESPN.com.

Veteran Martin Surplus to Minnesota's Needs

The Wolves are 19-41, ahead of only the Phoenix Suns and Los Angeles Lakers in the West. Martin has only started 12 of the 39 games he’s played and is averaging 21.4 minutes per contest—his lowest output since his rookie season in 2004-05—as the team continues to develop its younger talent, including Karl-Anthony Towns and Andrew Wiggins.

Minnesota is a team on the rise that should contend for the postseason soon, but Martin doesn’t figure into its long-term plans.