Mike Miller and the Cleveland Cavaliers have reached an agreement on a two-year, $5.5 million contract, a league source confirmed to CBSSports.com's Ken Berger. He'll have a player option on the second year. ESPN's Chris Broussard first reported Miller was going to Cleveland.
Miller reportedly turned down more money from the Houston Rockets and Denver Nuggets in order to reunite with LeBron James and compete for a championship with the Cavaliers. The sharpshooter was amnestied by the Miami Heat last summer, then signed with the Memphis Grizzlies and made 46 percent of his three-pointers while missing zero games because of injury last season.
If he's able to remain healthy in Cleveland, this will look like a steal of a contract. The Cavs are desperate for shooters, and he's a James favorite.