Message Board Basketball Forum - InsideHoops

Go Back   Message Board Basketball Forum - InsideHoops > NBA Team Forums > Miami Heat Forum

Miami Heat Forum Miami Heat forum - miami heat message board

Reply
 
Thread Tools
Old 07-17-2013, 05:23 AM   #1
insidehoops
Administrator
 
insidehoops's Avatar
 
Join Date: Jun 2006
Posts: 11,124
insidehoops has disabled reputation
Default Heat waive Mike Miller

The two-time defending NBA champions are using the collective bargaining agreementís one-time amnesty clause to waive Miller and cut his contract from its books, the Miami Herald learned Tuesday morning. The move allows the Heat to avoid about $17 million in luxury tax.

The Heat informed Millerís agent Monday night that the team would be using amnesty, according to a source. Itís hard to believe that a championship team would release a player who shot 61.1 percent from three-point range in the 2013 NBA Finals, but thatís the reality of the NBA under the new collective-bargaining agreement, which seemingly was designed to prevent dynasties and financially level the leagueís playing field.

Miami Herald
insidehoops is offline   Reply With Quote
Old 07-19-2013, 12:26 AM   #2
insidehoops
Administrator
 
insidehoops's Avatar
 
Join Date: Jun 2006
Posts: 11,124
insidehoops has disabled reputation
Default Re: Heat waive Mike Miller

Waived Tuesday by the Miami Heat through the NBA's amnesty-release program, swingman Mike Miller cleared waivers Thursday and is now a free agent.

Miller is now free to sign with the team of his choice, but cannot return to the Heat, through any means, until what would have been the expiration of his Heat contact in June 2015.

Teams had 48 hours to bid on an amount of Miller's Heat contract they were willing to assume, with no such bids made during the waiver period. Because of that, the Heat will receive only a fractional offset rebate toward their 2013-14 luxury tax.

-- South Florida Sun-Sentinel
insidehoops is offline   Reply With Quote
Old 07-19-2013, 12:26 AM   #3
insidehoops
Administrator
 
insidehoops's Avatar
 
Join Date: Jun 2006
Posts: 11,124
insidehoops has disabled reputation
Default Re: Heat waive Mike Miller

By waiving Miller and his $6.2 million contract for next season, the Heat realize a savings of $17 million on the NBA's luxury tax for this coming season, with that savings on Miller to rise to upward of $40 million over the next two seasons, with the tax becoming even more punitive for the 2014-15 payroll.

-- South Florida Sun-Sentinel
insidehoops is offline   Reply With Quote
This NBA Basketball News Website Sponsored by:
Reply


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -4. The time now is 05:46 PM.




NBA Basketball Forum Key Links:
InsideHoops Home
NBA Rumors
Basketball Blog
NBA Daily Recaps
NBA Videos
Fantasy Basketball
NBA Mock Draft
NBA Free Agents
All-Star Weekend
---
High School Basketball
Streetball
---
InsideHoops Twitter
Search Our Site













Powered by vBulletin Version 3.5.4
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd. Terms of Use/Service | Privacy Policy