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Posts Tagged ‘Mike Miller’

Mike Miller Agrees to Sign with Memphis Grizzlies

July 24th, 2013 No comments

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.

Read more…

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Miami Heat Use Amnesty Provision on Mike Miller

July 16th, 2013 1 comment

It was inevitable. But it is still painful.

He made a ridiculous seven 3-pointers against the Oklahoma City Thunder in the clinching game that gave the Miami Heat the 2012 NBA championship. He made one of the most iconic 3-pointers, shoeless, in an elimination game and an incredible 11-18 overall against the San Antonio Spurs that ultimately gave the Heat their second consecutive title a year later.

Now the Heat’s affable 3-point marksman is gone, essentially gone for good, after three seasons of playing alongside LeBron James, Dwyane Wade and Chris Bosh in Miami.

The Heat invoked their one-time right to waive a player through the NBA’s amnesty provision, electing to utilize it on 33-year-old Mike Miller in advance of Tuesday’s 11:59 p.m. deadline.

It had to be done. Despite his clutch and mechanically perfect shooting stroke, Miller was the fourth highest paid player on the Heat’s roster behind James, Bosh and Wade. But there were many months during Miller’s three years in Miami when he wasn’t even the eighth man in the rotation.

The Thunder trade of James Harden, the New York Knicks refusal to match the offer sheet of Jeremy Lin, the Memphis Grizzlies trade of Rudy Gay, and now the Heat amnesty of Miller were all done for the same reason: the new CBA in operation.  Read more…

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Miami Heat Should Pursue Chris Kaman

July 7th, 2013 No comments

Update (07/08/13): Chris Kaman has agreed to sign with the Los Angeles Lakers. This could wind up being a huge blown opportunity. The Heat keep frustrating me because they keep having chances to end their big man problem (Andray Blatche, Nikola Vucevic) but refuse to do so. 

Chris Kaman is apparently available for the mini mid-level exception. Interested?

Several NBA teams have expressed interest in the true seven-foot center, some with significant cap room, but Kaman and the Los Angeles Lakers are said to have a “growing mutual interest.”

The Lakers will have a team salary well in excess of the luxury tax threshold next season and, according to salary cap rules, can therefore only offer the smaller mid-level exception – the same one available to the Miami Heat.

For the Heat, and owner Micky Arison, this could be a true test. Mike Miller is all but gone via the amnesty waiver provision, an unfortunate victim of the realities of a new collective bargaining agreement seemingly designed to break this team apart. The question now becomes: Will the Heat redeploy (at least a portion of) the savings to fill an unquestioned need, or will they pocket it?

The Heat is coming off its most dominant regular season ever, racking up its highest win total ever in the process (66), but its lack of size became a huge issue in the playoffs, against the frontcourts of the Indiana Pacers and San Antonio Spurs. The Heat has a tendency to make average centers look like All-Stars, and All-Stars look like much younger versions of their Hall-of-Fame selves.

While the team has openly embraced the small-ball philosophy that has garnered it two straight NBA titles, don’t let that confuse you. It is a philosophy born out of necessity; the Heat’s roster has essentially dictated the approach. For as much as Pat Riley has extolled the virtues of a position-less basketball system, he would surely (and has “feverishly” tried to) end its existence, if only he could find someone to adequately fill the role.

It seems ironic, then, that the man who could potentially do so, if only the Heat were to register an interest, nearly became the face of the franchise a decade ago. Riley nearly drafted Kaman with the fifth overall pick in the 2003 NBA Draft, before being forcibly restrained by his scouting staff from screaming his name into the microphone on draft day. The Heat wound up selecting Marquette guard Dwyane Wade, while Kaman was selected by the Los Angeles Clippers with the No. 6 pick.

After eight years with the Clippers, highlighted by an All-Star 2009-10 campaign, Kaman has sort of flittered around the league for the last couple of seasons – spending one forgettable year in New Orleans after serving as a cog in the Chris Paul trade, followed by another forgettable year in Dallas dealing with a lack of playing time. But don’t let that fool you into diminishing the weight of his talent. His value belies his perception.  Read more…

For the Heat, Amnesty is a Big-Money Decision

July 6th, 2013 No comments

This post is an elaboration of a June 23 post regarding the fate of Mike Miller. It details the calculations supporting the conclusions that were drawn — that, despite public comments by Pat Riley to the contrary, Mike Miller will be amnestied — so that readers can appreciate the complexity of the situation and decide for themselves the appropriate course of action. 

Wednesday is a key day in the NBA.

It’s the league’s equivalent of National Signing Day – the day in which new contracts can be signed and trades can be executed. After more than a week of furtive negotiating, non-binding agreement, and heart-palpitating waiting, everything becomes official.

It’s also the start of the amnesty waiver window, a seven-day period that this year runs from July 10 to July 16, when eligible teams may designate eligible players for amnesty release.

Amnesty was added to the Collective Bargaining Agreement that ended the 2011 lockout. Because of the new, far more onerous luxury tax consequences that will be fazed in starting next season, teams have been allowed to designate one player for waiver in a manner such that his remaining salary would not count against the salary cap and luxury tax. While amnesty eases salary-cap and luxury-tax concerns, teams still have to pay out the player’s remaining salary, including any remaining option years.

Teams are only allowed to make such designations each offseason during a one-week window starting the day after the moratorium ends. When that happens, all other teams are immediately notified by the league. They are then allowed place a claim in order to acquire the amnestied player, but only if they have the necessary cap space to do so. Teams can make either a full or partial waiver claim.

When a team makes a full waiver claim it acquires the player, assumes his full contract, and pays all remaining salary obligations; the waiving team has no further salary obligation to the player. A partial waiver claim is a bid for a single dollar amount. If no team makes a full waiver claim, the player is awarded to the team submitting the highest bid in a partial waiver claim; the amount of the partial waiver claim is then subtracted from the waiving team’s continuing obligations to their amnestied player. The minimum possible bid a team can make is the minimum salary applicable to the player for all remaining guaranteed seasons of his contract.

Fifteen of the league’s 30 teams have already utilized their amnesty provision in previous seasons. An additional one has no remaining players who qualify for amnesty.

Which brings us to the Heat, one of the remaining 14 teams yet to act.  Read more…

Miami Heat 2013 Offseason Primer

July 1st, 2013 No comments

Over the past three offseasons, the Miami Heat has constructed, augmented and refined.

Three summers ago, it was uniting LeBron James, Chris Bosh and Mike Miller with Dwyane Wade and Udonis Haslem as a team that would reach the NBA Finals.

The following offseason, one delayed by a lockout, glue guy Shane Battier supplemented the mix to help the Heat win the 2012 NBA championship.

And last summer, Ray Allen and Rashard Lewis were added to help turn the 2012 title into a 2013 repeat.

Because of the team’s ongoing success, as well as the 2013-14 contract options of Allen, Lewis, James Jones and Mario Chalmers all leading them back for another season, there doesn’t figure to be much heavy lifting this time around.

The NBA’s free agency period officially began Monday morning at 12:01 EDT.

While teams can start negotiating immediately, most free agent signings, and all trades, cannot be officially executed until July 10, allowing the league time to compute revenues for the now-expired 2012-13 season and finalize the salary cap and luxury-tax calculations for 2013-14.

However, signings that do not rely in any way upon the specific value of the salary cap can be executed with the start of the new salary cap year on July 1. Such signings include minimum salary deals for up to two years in length.

For the Heat, still basking in a second consecutive championship, the concerns are limited, with 12 players already under guaranteed contract for next season: James, Wade, Bosh, Chalmers, Haslem, Battier, Allen, Lewis, Jones, Miller, Joel Anthony and Norris Cole. In addition, neophyte power forward Jarvis Varnado has a non-guaranteed contract in place that becomes $250,000 guaranteed if he is on the opening-night roster.

That’s 13 regular-season rosters spots potentially filled. Teams can have as many as 20 players under contract in the offseason, in addition to players involved in summer-camp and summer-league tryouts, but need to reduce to between 13 and 15 by the start of the regular season.

While virtually the entire championship core from last season has already committed to return, there is still work to be done:  Read more…

What Could a Ray Allen Opt Out Mean for the Heat?

June 27th, 2013 No comments

The following post has been written in response to a column by Ira Winderman, a local beat writer who I enjoy reading and respect very much, in which it was stated that Ray Allen could not earn more from the Heat by opting out of his contract. As I often do all across the cyber universe of NBA basketball, I respectfully informed him that the Heat could in fact offer Allen both a higher starting salary and a longer contract by utilizing his Non-Bird rights if Allen were to first opt out. The revision of his column to reflect the correction has led to widespread speculation that Allen opting out is a forgone conclusion. While I have informed others of the possibility, I have never written about it on this blog because I do not believe it has a realistic chance to happen. I continue to believe that Allen will opt in by the June 29 deadline. The following post describes why. 

The plot keeps growing. And with it, so too the potential outcomes.

As expected, James Jones and Rashard Lewis have exercised their player options that will pay them $1.5 million and $1.4 million for next season, respectively. The Heat has also picked up its $4.0 million team option on Mario Chalmers.

The surprising revelation, however, is the apparent indecision of Ray Allen. Allen holds a $3.2 million player option. The common logic has been that – having hit the most iconic shot of the 2013 playoffs, perhaps the single biggest three-pointer in Miami Heat history, perhaps the single biggest field goal of his life, and, as a result, having won his second NBA title – he was surely rejuvenated and excited to return.

That notion now appears at least somewhat in doubt.  Read more…

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The Fate of Mike Miller

June 23rd, 2013 No comments

It’s still time for celebration in Miami, the Heat just having won its second NBA title in as many seasons. The champagne is still flowing, the parade is still upcoming, and the sheer joy of the moment is still bringing smiles to all of our faces.

For the front office, however, it’s time to get to work. There are tough decisions to be made.

Toughest of all may be the case of Mike Miller.

Miller is a truly wonderful guy. He’s classy. He’s humble. He’s a family man with a touching story. He’s a great teammate. He’s a great player. He can hit a barrage of clutch three-pointers to clinch NBA titles. He can hit them without shoes on. When he’s right, he can be the second most valuable player on the team.

But the Heat is in a difficult financial position and, as such, his tenure on the team is in doubt.

He knows it. He recently sold his beautiful Pompano Beach residence at auction in preparation.

Was he right? Were his actions premature? What are the alternatives for Miller and the Heat?  Read more…

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Everything is Done: How Did It All Happen?

July 17th, 2010 5 comments

The Miami Heat finished last season with 16 players under contract and a team salary far in excess of the salary cap. They then created enough salary cap room to sign everyone who is on the roster today. Now they are far in excess of the salary cap once again.

So how did it all happen? How did they manage to get so far below the salary cap and then above it again all in the same season? With creative financing!

Everything has now been finalized. It’s done. Here’s a step-by-step breakdown.

(Note: The actions below, in some cases, may be out of order. They have been structured so as to make evident the Heat’s thought process along the way, as well as to promote ease of reader comprehension. Full comprehension also requires an understanding of cap holds and roster charges, which are described in detail here.)

This is a snapshot of the Heat’s salary cap situation at the end of last season:

Read more…

Haslem’s signing sheds light on Miller’s contract

July 13th, 2010 4 comments

Udonis Haslem has now officially signed a 5-year contract estimated at just over $20 million, suggesting that my previously rounded figures may actually be exact. His first year salary, around $3.5 million, would be less than half of his $7.1 million last season total.

One major factor aiding in his decision was swingman Mike Miller’s decision to join the Heat – something the team still has not announced. Miller and Haslem have been close friends since their days at the University of Florida.

Assuming the Heat chooses to retain its rights to Joel Anthony, Haslem’s contract leaves the team with an estimated $5.0 million to devote to Mike Miller. That would equate to a five-year contract of roughly $29 million.

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It’s Official!!!

July 9th, 2010 8 comments

With 13,000 Heat fans anxiously waiting in AmericanAirlines Arena to welcome its newest trio of superstars, Dwyane Wade, LeBron James and Chris Bosh were upstairs finalizing their contracts. Minutes later, they emerged through a cloud of Canes-like smoke… along with some unexpected news. Udonis Haslem is returning to join the party.

Haslem’s commitment was, needless to say, a shocking revelation. Even I had previously reported that Udonis would not be back. The Heat was out of cap space, the team was unable to utilize his Bird rights, and he was not about to sign for the league minimum.

So, how was it possible?

In short, the triumvirate agreed to reduce the value of their contracts. And Riley turned around and utilized the recovered cap space to secure the beloved power forward, as well as newcomer Mike Miller.

But why would they so drastically reduce their salaries? Well, pure generosity. Udonis and Mike are friends of the Big Three, and the Big Three did right by their friends in their desire to put together a championship-caliber roster and close-knit team.

How much did they sacrifice? Let’s take a look. Read more…