Mike Miller is now a member of the Memphis Grizzlies. He has reportedly committed to sign a one-year, minimum salary deal with the Grizzlies.
Despite his role in helping Miami win back-to-back championships, Miller was waived via the amnesty provision last Tuesday in a financially motivated move that saves the Heat $16.4 million on luxury-tax payments next season, and upwards of $40 million over the next two seasons.
After clearing waivers, Miller became a rather hot free agent target. The Denver Nuggets, Houston Rockets, Oklahoma City Thunder and Memphis Grizzlies, among others, were all said to be competing for his services. Most, if not all, were offering a minimum salary contract but pitching the opportunity to take on a prominent role as a perimeter specialist on a championship contender.
From a financial perspective, the Heat would have preferred that Miller be claimed on amnesty waivers. Doing so would have reduced the Heat’s obligations dollar-for-dollar by the amount of any partial bid.
Rumblings began to circulate last Wednesday that Cleveland was interested in claiming Miller, followed conspicuously by reports of the veteran small forward needing back surgery or even contemplating retirement. The Cavs were thought to be eyeing Miller as a further inducement for close friend LeBron James to sign a free agent contract in summer of 2014. The back surgery rumors appear to have been a smokescreen in order to make sure he cleared waivers. Miller wanted to play for a contender. The Cavs aren’t likely to be a contender.