The Miami Heat announced they have waived veteran swingman Mike Miller on Tuesday via the NBA's amnesty provision. The move drops Miller's $6.2 million owed this upcoming season from the team's salary cap. Miller also had a player option for $6.8 million in 2014-15 that he likely would have picked up.
NBA free agency: Heat amnesty Mike Miller
The Miami Heat will save an estimated $40 million by waiving the veteran swingman.
USA TODAY Sports
The Heat in total save around $40 million in salary and estimated luxury tax figures, according to ESPN’s Tom Haberstroh. Even though team president Pat Riley had publicly voiced his desire to keep the team together, owner Micky Arison was facing a steep luxury tax bill thanks to the new collective bargaining agreement that came after the 2011-12 lockout.
Hot Hot Hoops: More on the Heat's offseason
Miller averaged 4.8 points and 2.7 rebounds for the Heat last season and played a pivotal role in Miami's NBA Finals victory. He played at least 16 minutes per game in all seven games of the series against the San Antonio Spurs and hit a memorable, shoeless 3-pointer in Game 6's miraculous comeback.
Before the news of the Heat’s amnesty was official, Miller’s representatives were already reaching out to teams to gauge interest, according to Brian Windhorst of ESPN.
Miller has been injured often in his three seasons with the Heat and played in just 139 of 230 games during that span.
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