Miami HEAT waive Mike Miller - KSFY News - Sioux Falls, SD News, Weather, Sports

Miami HEAT waive Mike Miller

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MIAMI, July 16 – The Miami HEAT announced Tuesday they have waived forward Mike Miller per the NBA's Amnesty provision.

"After many discussions internally and a sincere effort to explore the trade market, we made a very difficult decision to use our Amnesty provision on Mike Miller," HEAT President Pat Riley said in a news release. "Mike had an incredible impact on the Miami HEAT; helping us to three finals appearances and winning back-to-back World Championships. This was a very difficult decision for me personally, the Arison family, Erik and the entire Miami HEAT organization. Mike was one of the best we have ever had here, and will be sorely missed. We wish Mike, his wife Jennifer and their family nothing but the best."

The move shows a split in Miami's box office. Riley said several times since the end of the Finals that he didn't want to use the amnesty on Miller and he wanted to bring the back-to-back champions back intact for another run next season. However, the two other part owners overruled Riley with the huge tax bill facing the Heat

The move will save the HEAT nearly $17 million in luxury taxes this season and reduce their expected tax bill, projected to be $33 million, by half. The HEAT still owe Miller $12.8 million over the next two seasons as part of a contract he signed in 2010.

Miller appeared in 59 regular season games (17 starts) with the HEAT last season, averaging 4.8 points, 2.7 rebounds and 1.7 assists in 15.3 minutes. He has appeared in 831 regular season games (549 starts) during his 13-year NBA career.

According to ESPN, Miller's agents already have begun reaching out to other teams who may have interest in Miller ahead of him officially being waived, according to sources.

 

 

 

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