Heat designate Miller amnesty player
MIAMI, FL (AP) - The Miami Heat are designating Mike Miller as their amnesty player, a move that may save more than $30 million in luxury tax payments over the next two years.
Miller spent three seasons in Miami, helping the Heat win two titles and playing big roles in each playoff run. He started the last four games of this year's NBA Finals and made seven 3-pointers in Miami's title-clinching Game 5 win over Oklahoma City in 2012.
Miller was due $12.8 million over the next two seasons, which he still gets. But his salary will not count against Miami's cap, nor factor into a luxury-tax hit that would have exceeded $30 million in 2014.
Miller tells The Associated Press he understands the move, though he's disappointed to leave a championship club.
According to oddsmakers from online sports book Bovada.lv, the Heat are favored at 21/10 odds to win the 2014 NBA title. The Thunder, meanwhile, are 6/1 while the Rockets are 9/1 and the Bulls are 10/1. The Nets, Clippers and Spurs are also 12/1, respectively, while the Pacers are 14/1.