Pedro Martinez Set to Replace Sergio Scariolo as Real Madrid Basketball Coach

Pedro Martinez, recently named EuroLeague Coach of the Year and the leader who guided Valencia to a historic Final Four and championship, is reportedly on the verge of joining Real Madrid as their new head basketball coach. According to Marca's report on June 29, 2026, Real Madrid will pay Valencia a one million euro buyout fee for Martinez, who extended his contract with Valencia during the past season. Martinez is expected to sign a three-year deal worth just over one million euros per season.

Meanwhile, current Real Madrid coach Sergio Scariolo is set to be dismissed and will receive a substantial severance package of around five million euros for the remaining two years on his contract. This coaching change comes after a remarkable season for Valencia, which is now facing significant roster changes, including the departures of Jan Montero to Olympiacos, Braxton Key to Fenerbahce, and likely Branko Badjo to Panathinaikos. Additionally, Sergio de la Rara and Jaime Pradilla may also leave, meaning Valencia could lose the core of the team Martinez built.

Martinez, 65, previously lost to Scariolo and Real Madrid in the EuroLeague semifinals and the Spanish Cup semifinals this season. Before his current tenure at Valencia, he coached Manresa for five years, achieving notable successes. His move to Real Madrid is considered a major step in his coaching career and is expected to have a significant impact on Spanish and European basketball.