Miami Heat waive Mike Miller with amnesty
Miami Heat confirm they have used their amnesty provision to waive Mike Miller
Miami Heat have activated their amnesty provision and waived veteran guard Mike Miller.
Just last week Heat president Pat Riley insisted they would not being using their one-time amnesty option and that a significant luxury tax bill would not put them off keeping the championship winning team intact.
“Right now, we're not using amnesty, no," Riley said.
It seems Riley could not ignore the considerable $17million saving they would make in luxury taxes, which would reduce their tax bill by half.
According to ESPN, Miller’s agents have started the process of sounding out new teams to drum up some interest.
Miller accepted that this was the reality for many basketball players, but expressed regret at not being able to help his team go for a third consecutive championship next season.
“I understand the business side of basketball," Miller told 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."
Miller featured in all seven of the Finals games against the San Antonio Spurs and was a playoffs hero of the 2012 World Championship title.
Riley expressed regret at coming to the decision, but his claim last weekend that they would pot be using amnesty suggests it was one taken by Heat owners Micky Arison and his son Nick.
“After many discussions internally and a sincere effort to explore the trade market, we made a very difficult decision to use our Amnesty provision on Mike Miller," said Riley.
Miller still has two years remaining on the contract he signed in 2010 and so is still owed a total of $12.8million by Heat.