On Tuesday, the Miami Heat announced via Twitter that they have “waived Mike Miller per the NBA’s Amnesty provision.”
Previously, Miami Heat president Pat Riley had said that they would not have to let the veteran player go.
However, the decision came down to finances. By using the amnesty clause, the recent champions will save $17 million in luxury tax payments.
Despite the savings, the Heat will still owe Miller $13 million over the next two years.
During his three years with the Heat, Miller appeared in three NBA Finals and won two championships.
The Heat plan on making other adjustments to their roster as they resume talks with Greg Oden. After waiving Miller, the Heat have room to add Oden.
Oden’s agent, Mike Conley, reported to Chris Tomasson that he and Pat Riley have “texted back and forth” and he has also spoken with Andy Elisburg, a salary cap expert.
Other teams interested in Oden include the New Orleans Pelicans, Sacramento Kings, Boston Celtics and San Antonio Spurs. Conley went on to say that it will take Oden a few weeks to make his decision on which team he will choose.
This will be Oden’s first season back in the NBA after almost four years due to multiple knee injuries.