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Heat to waive Mike Miller with amnesty clause?

Posted on: November 12, 2011 9:04 pm
Edited on: November 12, 2011 10:03 pm
 
Posted by Ben Gollivermike-miller

Will it be one-and-done for Miami Heat forward Mike Miller?

Miller represented the final piece of the Heat's free agent puzzle bonanza during the summer of 2010, hopping aboard after guard Dwyane Wade re-signed and forwards LeBron James and Chris Both took their talents to South Beach.

Targeted as a floor-spacing shooter and all-around team guy, Miller dealt with injuries throughout the 2010-2011 season and never had the impact his 5-year, $30 million contract demanded.

This week, the Sun-Sentinel reports that Miller has put his Miami mansion on the market, listing it for $9 million, and is openly discussing the possibility that he might be waived by the Heat using the amnesty clause that is expected to be a part of the new collective bargaining agreement.
The veteran forward said Wednesday he is just taking stock of the current situation in both his career and the NBA. And that means taking stock of his 9,968-square-foot estate with the $180,000 in annual property taxes.

"It's a couple of things," Miller said. "Just preparing myself; never know what can happen."

"If anything happens with the amnesty, this is just going to be a business decision and I can respect that," he said. "Teams will only get one opportunity to use it. I can respect that part of it."
The Heat face two questions with regard to Miller and the amnesty clause. Do they amnesty him? And, if so, when? Remember, the current amnesty clause proposal would let a team use it at any apoint during the next two seasons and potentially for the duration of any current contracts. In other words, the decision wouldn't need to be made immediately.

Besides Wade, James and Bosh, the Heat have just three players under contract that can meaningfully contribute: Miller, forward Udonis Haslem and center Joel Anthony. Point guard Mario Chalmers is a restricted free agent and could return to the team as well. The Heat will also have a mid-level exception to play with, and they figure to use that to beef up their frontcourt depth. So, at most, that's a core of eight players (including the MLE target) plus a whole lot of youngsters and minimum salary players to fill out the roster. The Heat are stretched thin with Miller; without him, they would be stretched really thin.

While Miller didn't live up to his contract last year, finances alone aren't the major concern in any amnesty decision, as using it would require Heat owner Micky Arison to pay Miller the balance of his salary and settle for zero on-court production in return. Waiving Miller now would be all about reducing the payroll to free up salary cap flexibility, but it's not totally clear yet how helpful shedding his salary will be. If the Heat do retain Chalmers and use their mid-level exception, they will be fairly close to the luxury tax line, and probably above it, even if they waive Miller. They'll be paying out big dollars with or without him, an eventuality that Arison seems to have no problem with. 

There is talk, however, that the value of a mid-level exception would be significantly smaller for luxury tax paying teams than for non tax-payers. If this winds up being true, keeping Miller and re-signing Chalmers could put Miami in the luxury tax and, theoretically, could limit their potential targets in free agency by reducing the total dollar amount Miami is able to offer with their mid-level. In other words, if Miller is cast out immediately it's likely to happen so that Miami can bring in a full mid-level free agent who can play meaningful minutes and wouldn't settle for the smaller mid-level available to luxury tax payers. (Note: The specific mechanics for what would be available to Miami, and when, will not be set in stone until a new CBA is reached.)

Let's not lose sight of the fact that it's a virtual guarantee that Miller has a better season in 2011-2012 than he did in 2010-2011. He played a career-low in games last year and averaged career-lows in minutes, points and assists. He's still just 31; he's primed for a bounceback campaign in one form or another. Even if he underperforms his past peak production, he's only on the books for $5.4 million, so it will be very difficult for him to be outrageously overpaid unless he can't physically take the court. On paper, he's still the same versatile, intelligent perimeter threat that can serve as an outlet for Wade and James. If Miller goes, Miami would need to address the hole he leaves and they will need to pay to do so.

An attractive option, then, would be to simply punt on the Miller decision. While Miller is on the books officially for $24 million over four more years, Miami essentially has a team option for $5.4 million thanks to the amnesty clause. Waiting until next season to execise the amnesty would give Miami another year to show why he was a top Heat target in 2010 and to see if the developed chemistry between the Big 3 and their supporting pieces that was often on display during playoff series victories over the Boston Celtics and Chicago Bulls can be realized in the sequel season. If injury does strike again, Miami could always amnesty Miller prior to the 2012-2013 season and go mid-level exception hunting at that time. 

The least risky play for Miami, then, is to give Miller a swan song, bring back Chalmers (unless his price is really stepp), and get the best big man they can find with the mid-level, regardless of whether they are able to use a normal mid-level or a reduced luxury tax payer mid-level. If the season does wind up starting sooner rather than later, maintaining continuity from last season and keeping their options open going forward would seem to be the prudent play during a crunched free agency period and a shortened season.

Miller is smart to list his house for sale so that he has a jumpstart if things go south for him in South Beach. But there's still a decent chance he's back for redemption with the Heat whenever the lockout ends.
Comments

Since: Nov 8, 2006
Posted on: November 15, 2011 1:10 pm
 

He will not be the only one selling his home!

Miller is selling his house because the Miami Heat refuse to pay him millions to play for them....how touching.  The fact is that many of the greedy NBA players will have to sell their homes if they refuse to play. This breaks my heart! The NFL should have shut down the season as well. The rest of America struggles to pay the bills, and the NBA and NFL players stand fast about trying to get a raise. I would shut the doors and let them work for a year or two, or just cacel all contracts and draft NCAA players to replace them. College ball is more exciting anyway.



Since: Apr 8, 2009
Posted on: November 15, 2011 12:30 am
 

Heat to waive Mike Miller with amnesty clause?

Trying to unload a 9 million dollar house in Florida is like selling sand in the desert.  All the players may end up living in a van down by the river!



Since: Sep 18, 2006
Posted on: November 14, 2011 10:56 pm
 

Heat to waive Mike Miller with amnesty clause?

What's the big deal about Mike Miller having a $9 million house? He's made over $67 million dollars in his 11 year career so its not crazy to have a house like that... Its a smart move to unload the house at this point if he thinks he needs to downsize...  There are no rumors of him defaulting on his mortgage, financial problems or anything like that so this is just a slow day for NBA news so the media created a story and you guys just jumped right on for the ride... Ask some of these reporters how many of them have a house that's above their yearly salary... At his peak he made $9.8MM with the Wizards as long as he didn't have a $20MM mansion, he is doing fine...

As for his play this past season, he got hurt early and never got into a groove... I think if he comes out healthy he can be a good piece to the Heat puzzle...  He can play that John Paxson/Steve Kerr role... With all the double teams given to Lebron and D-Wade, he will get plenty of good looks.. Over the years he has proven that he is a good jump shooter so i don't think 1 injury plagued season erases that... I think the Heat will bring him back because they know what he can do...



Since: Apr 15, 2008
Posted on: November 14, 2011 10:26 pm
 

Heat to waive Mike Miller with amnesty clause?

Perhaps a fool and his money are soon parted, but at least Miller seems wise enough to cut his losses.  Gotta give him credit for that.
It's not like he was making 15 million per season...

He was getting paid the mid level exception which was close to 6 million.. He should have no problem getting a similar contract elsewhere in my mind. He is still a good player. Better to go somewhere where you are actually wanted instead of that black hole where championships are promised.



Since: Mar 3, 2009
Posted on: November 14, 2011 8:49 pm
 

Heat to waive Mike Miller with amnesty clause?

Perhaps a fool and his money are soon parted, but at least Miller seems wise enough to cut his losses.  Gotta give him credit for that.



Since: Mar 10, 2007
Posted on: November 13, 2011 10:02 pm
 

Heat to waive Mike Miller with amnesty clause?


A fool and his money are soon parted.




Since: Apr 15, 2008
Posted on: November 13, 2011 8:39 pm
 

Heat to waive Mike Miller with amnesty clause?

Horns and Green, good points. I think though that calling Bosh a 2nd tier player is a bit harsh- he had many good years in Toronto and put up big numbers. Playing with Bron and wade- anyone's numbers will be down. That being said, he did not have a great year.
Bosh's numbers in Toronto were highly inflated IMO, I have said this before and willl say it again. Once Vince was traded they needed someone to be the face of the franchise, they picked a skinny kid from Texas named Bosh, and eventually he grew into a good player.... but he has never proven himself to be anything other than a guy who plays for himself. I mean with the offense going through him the majority of the game and the fouls that come with that... he was bound to have some decent numbers in Toronto.I still remember him crumbling in the playoffs for the Raptors and not being able to adjust to the tougher game....In reality, even if he was a superstar... once you join up with D Wade & Lebron James you automatically become a 2nd tirer player. 

 They made it all the way to the NBA Finals game 6 in year ONE.

We all seem to have very exacting standards in terms of failure.

I am not ready to call a game 6 loss in the Finals to an outstanding Dallas team a failure???

They are all in their primes.   They have a nice 5 year window at least.

Boston is too old.  New York is even thinner.  Chicago has less talent.  Expect them to be an Eastern mainstay.
 When you hold a parade and announce to the world, and the NBA you are going to win 5, 6 or 7 championships and you don't deliver, then yes..your season is a failure. I don't remember too many folks calling Dallas "outstanding" until after they won the championship, there most def. wasn't too many picking them to win it all. Without a supporting cast, they will win nothing. 



Since: Jul 29, 2009
Posted on: November 13, 2011 1:58 pm
 

Heat to waive Mike Miller with amnesty clause?

Bro; I'll give you 500 large for that mansion of yours. Plus, I'll throw in a week at my time-share in Vegas just because I'm a nice guy. A non-descript NBA dude with a 10,000 foot mansion in south Florida tells you all you need to know about how ridiculously overpaid these guys are. If you can't sell it my man; why not rent the place out to the University of Miami football team? I'm sure those fellas have the scratch to afford it.



Since: Dec 10, 2006
Posted on: November 13, 2011 12:04 pm
 

Heat to waive Mike Miller with amnesty clause?

Horns and Green, good points. I think though that calling Bosh a 2nd tier player is a bit harsh- he had many good years in Toronto and put up big numbers. Playing with Bron and wade- anyone's numbers will be down. That being said, he did not have a great year.

Also I in no way intended to call the Heat a failure. They started slow but overall had a great season. Mavs were stretched to beat them. That being said, the verdict is still out on the 3 star no money for a supporting cast model and the situation will get worse for 3 star teams by the time the cap drops a bit and the stars get increases in their 2nd, 3rd, 4th years of their contracts. The Heat's big 3 do have substantial raises coming to them in the future that will leave even less money for their supporting cast.



Since: Oct 23, 2006
Posted on: November 13, 2011 8:00 am
 

Heat to waive Mike Miller with amnesty clause?

They made it all the way to the NBA Finals game 6 in year ONE.

We all seem to have very exacting standards in terms of failure.

I am not ready to call a game 6 loss in the Finals to an outstanding Dallas team a failure???

They are all in their primes.   They have a nice 5 year window at least.

Boston is too old.  New York is even thinner.  Chicago has less talent.  Expect them to be an Eastern mainstay.


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