Search

You may also like

Warriors State Of Art – Glorious
Miami Heat

Warriors State Of Art – Glorious

So you’ve been waiting your entire life for a slow-motion,

Hoop Diary NBA Jersey Countdown #51
Miami Heat

Hoop Diary NBA Jersey Countdown #51

Hoop Diary’s Jersey Countdown series continues as we take a

Kyrie Irving Down Under
Miami Heat

Kyrie Irving Down Under

We have all heard the story a number of times

The Miami Heat Farewell Mike Miller

The Miami Heat Farewell Mike Miller

Photo credit: Noah Graham/NBAE via Getty Images

All good things come to an end and in Mike Miller’s case, this was a pretty darn good thing that just ended. The Miami Heat today waived Miller under the NBA’s amnesty provision. In a purely financial decision, the Heat said goodbye to a player that played pivotal roles in both their recent title runs.

Ira Winderman of the South Florida Sun Sentinel explains the numbers…

“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.”

There’s no doubt that it was a tough decision for the Heat franchise and owner Micky Arison. With the luxury tax rules set the way they are, we can expect to see a change in the way teams are constructed over the coming years. While the amnesty provision has made it easier for teams to minimize luxury tax payments, the provision itself is a one-time-only deal. Player contracts will need to be more carefully planned moving forward and it’s fair to say many players will finish contracts on different teams to where they originally signed.

In a classy move, Arison took to Twitter after the news was released to thank Miller for his service to the Heat franchise:

If the Miami Heat are going to three-peat this season, they’ll most certainly need some Miller-like spark come the playoffs. Now it’s a matter of figuring out who can provide it.

UPDATE: The Miami Heat took out a full page advertisement to thank Miller for his service.

Miller Time

Classy move by Miami.

Next post Previous post

You may also like

Miami Heat – Opening Night Swagger
Miami Heat

Miami Heat – Opening Night Swagger

The Miami Heat will wear commemorative jerseys and warm-up gear

Dallas vs. Miami – Matchups Matter
Dallas Mavericks

Dallas vs. Miami – Matchups Matter

The Miami Heat vs. the Dallas Mavericks. At face value

LBJ Soars Like A One-Winged Pelican… or something.
Miami Heat

LBJ Soars Like A One-Winged Pelican… or something.

[embedvideo id=”zoWmq26wAZQ” website=”youtube”] LeBron James features quite a lot here