Jul 16, 2013, 4:01 PM EDT
The reality of the new collective bargaining agreement is that with the far more strict financial penalties in place for teams in luxury tax territory, most are going to try to cut costs whenever possible.
And that includes the back-to-back champion Miami Heat.
Mike Miller has been waived via the amnesty provision, the team announced on Tuesday. The move will cut the Heat’s luxury tax bill by $17 million for next season.
As a reminder, players are still paid out the remainder of the money remaining on their contract once they’re amnestied. Those dollars owed come off the team’s salary cap and are removed from luxury tax calculations, but the checks to the player are cut nonetheless. In this case, Miller will still be paid a total of $12.8 million, the total of what his deal would have been for the next two seasons.
The move comes as a mild surprise, only because Heat executive Pat Riley was on record recently saying that there were no plans for the team to use the amnesty provision on any of its players, and that unless there was a mandate from ownership, it wasn’t something that he would consider.
Miller started the last four games of the NBA Finals for the Heat, and played an important role in his team’s late comeback in Game 6 — Miller tracked down the offensive rebound on the play that led to a LeBron James three that kept Miami’s hopes alive.
Miller has value and can still play, but injuries have limited him severely in recent years. He appeared in just 59, 39, and 41 regular season games for the Heat in each of the last three seasons.
John Schuhmann of NBA.com notes that this will have little overall impact on the Heat’s rotation next season, when Miami will return 94.9 percent of last season’s minutes — 10 percent more than any other team.
Miami may look to fill Miller’s now-vacant roster spot a number of ways. It could make a Greg Oden signing easier, or they could use part of their tax-payer’s mid-level to chase someone such as Lamar Odom. There also is rookie James Ennis of Long Beach State, whom they picked up with a late second round pick in this year’s draft following a trade with the Hawks. It would be a minimum, non-guaranteed deal, providing very little overall risk — financial, or otherwise.
“I understand the business side of basketball,” Miller told Tim Reynolds of The Associated Press. “It’s a combination of being very, very thankful for the opportunity that I’ve had, but it hurts that we had a chance to do something very, very special and I’d love to have been a part of it.”
Aug 27, 2014, 11:46 AM EDT
Donald Sterling will try to embarrass the league going forward, but he will not ever own the Clippers again.
Aug 27, 2014, 11:09 AM EDT
Goes against public perception.
Aug 27, 2014, 10:31 AM EDT
Shumpert and other Knicks will love an offense with player and ball movement… if ‘Melo shares the rock.
Aug 27, 2014, 9:51 AM EDT
Sixers value a pick in next year’s draft more than they do Bennett at this time.
Aug 27, 2014, 9:22 AM EDT
Clippers could sign Chris Douglas-Roberts, Ekpe Udoh with freed cap space
Charlotte offers to spend $33.5 million to upgrade Hornets’ arena. Is that enough to get an All-Star Game?
Aug 27, 2014, 8:44 AM EDT
Reportedly 10 teams made bids so this helps
Aug 27, 2014, 8:00 AM EDT
Davis had 18 points, nine rebounds, five blocks and three steals in 20 minutes of work.
Aug 27, 2014, 12:25 AM EDT
The point guards made this blowout more fun to watch.
Aug 26, 2014, 11:30 PM EDT
I don’t see what could possibly go wrong here.
Aug 26, 2014, 10:30 PM EDT
Milwaukee’s trade with Clippers cleared a roster spot
Aug 26, 2014, 9:30 PM EDT
Aug 26, 2014, 8:35 PM EDT
Former Cavaliers center, 39, has been retired three years
Aug 26, 2014, 7:40 PM EDT
Glen Taylor also questions whether Cleveland should offer Love five-year contract
Aug 26, 2014, 6:45 PM EDT
Murry receives $250,000 guarantee
Aug 26, 2014, 5:55 PM EDT
Derrick Rose struggles off the bench against Slovenia
Aug 26, 2014, 5:23 PM EDT
Oklahoma City will create trade exception, and Philadelphia will waive Thabeet
Aug 26, 2014, 4:55 PM EDT
Kevin Love: ‘My decision’ swayed by LeBron James calling just after choosing Cavaliers in free agency
Aug 26, 2014, 4:20 PM EDT
Number of camera positions behind baseline to be halved
Aug 26, 2014, 3:27 PM EDT
Clippers limit their present and future, and the Bucks gain an easy asset
Aug 26, 2014, 2:28 PM EDT
Cleveland not offering assets as of yet, so Denver’s not biting.
- Iman Shumpert excited to play in triangle offense because he won’t just have to stand in the corner 1
- Timberwolves owner: Kevin Love might regret trade because he’ll be third banana with Cavaliers 43
- Anthony Davis and Kenneth Faried lead Team USA in final World Cup tune-up 19
- Thunder trade Hasheem Thabeet to 76ers 34
- From late-arriving to a LeBron James favorite, Kevin Love comes full circle 15
- Clippers trade Jared Dudley and first rounder to Bucks for Carlos Delfino and Miroslav Raduljica 22
- Report: Cavaliers trying to trade for Nuggets’ Timofey Mozgov 25
- Cavaliers, with LeBron James and Kevin Love, favored by oddsmakers to win 2015 NBA title 29