The Miami Heat let Mike Miller go via the amnesty provision, but that doesn't mean they're unappreciative of his time with the team. The Heat took out a full-page ad thanking Miller in major newspapers throughout South Florida.
By wiping Miller's contract away, Miami will erase $6.2 million in salary off its books this year and an additional $6.6 million next season.
While they're still on the hook for the $12.8 million he is owed in the next two seasons, the Heat will save between $15 million and $17 million in luxury-tax payments this year. Over the next two years, the amnesty could save Miami as much as $40 million.
It's evidence of the impact the new collective bargaining agreement can have on teams over the luxury-tax line, forcing them to reconsider high-paying, long-term deals for mid-level players.
Even still, the Heat expressed their gratitude for the time Miller spent with the team.
Miller was in Miami for the past three seasons, playing in the NBA Finals in each of them and winning a championship twice.
During those three seasons, Miller was little more than a three-point specialist.
Rarely making a big impact during the regular season (he played in just 139 of a possible 230 games), Miller was most known for a few playoff games that endeared him to the hometown fans.
Miller's most notable performance in Miami was Game 5 of the 2012 NBA Finals. During the closeout game against the Oklahoma City Thunder, Miller hit seven of his eight three-pointers en route to 23 points off the bench.
Chronic back problems have staggered Miller in the waning stages of his career, forcing him to think about back surgery.
Meanwhile, the Cleveland Cavaliers and a few other teams have expressed interest in Miller. However, the extent of that all depends on the severity of his back problems.
It would be nice to see him let it fly again for another franchise.