Heat designate Miller amnesty player

miami heat mike miller 2014 nba championship odds

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.

View 2014 NBA Futures Odds

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.

Bet 2014 NBA Finals Odds

Want More From TheSpread.com? Follow us on Twitter and Facebook or Subscribe to Our News Feeds!

 

 

NBA Top Stories

Thumbnail NBA Finals Odds After a year of waiting, we finally have the Cleveland Cavaliers and Golden State Warriors set to meet in the NBA Finals for a third straight time. Here’s a look at the odds to win...
Thumbnail Cavs vs. Celtics Game 5 Pick Will the Cleveland Cavaliers close out the Eastern Conference Finals with a big win when they face the Boston Celtics tonight in Game 5 at...
Thumbnail Celtics vs. Cavs Game 4 Pick Will the Cleveland Cavaliers bounce back after an embarrassing loss when they host the Boston Celtics tonight in Game 4 at...
Thumbnail Warriors vs. Spurs Game 4 Pick Will the Golden State Warriors continue their dominance of the San Antonio Spurs when they meet up in Game...
Thumbnail Celtics vs. Cavs Game 3 Pick Will the Cleveland Cavaliers show any mercy to the Boston Celtics when the two meet in Game 3 of the Eastern Conference Finals tonight at...

NBA Headlines

  • INDEPENDENCE, Ohio (AP) LeBron James says the challenge of facing the Golden State Warriors in the Finals is ''up there'' with any of his career.
    Appearing in his seventh straight Finals, Jam...
  • INDEPENDENCE, Ohio (AP) Vegas is betting against them and the bookies are hardly alone.
    Let's be honest, not many are giving the Cleveland Cavaliers much of a chance in the NBA Finals. They m...
  • OAKLAND, Calif. (AP) Mike Brown is ready for Tyronn Lue to pay up on a nearly two-decade-old bet. Yep, Lue owes him $100 and Brown plans to accept it at long last - perhaps even during the NBA Fin...
  • OAKLAND, Calif. (AP) When Bob Myers hosts a dinner party, he is the guy who once it's all over has a pretty good read on the entire evening: who had a great time, who held something back, which co...
  • AUBURN HILLS, Mich. (AP) Stan Van Gundy of the Detroit Pistons has won the Rudy Tomjanovich Award, which honors an NBA coach for his cooperation with media and fans, as well as excellence on the c...

NBA Team Pages