Mike Miller Reportedly to Re-Sign with Nuggets: Contract Details and Reaction

The Denver Nuggets reportedly agreed to a two-year contract with veteran swingman Mike Miller on Monday.

Marc Stein of ESPN.com initially reported the news, while The Vertical's Shams Charania noted the deal is worth more than $5 million.

Miller, 36, appeared in 47 games for Denver last season but averaged only 7.9 minutes per contest and shot 35.5 percent from the field.

Although he may not have lived up to his status as a top-five draft pick—in part because of injuries—Miller has carved out a lengthy, respectable NBA career.

Miller has served as a mentor numerous times in recent years, which is the type of role he can likely expect with Denver. At least he'll earn more than the veteran minimum salary, which would've paid him approximately $3.16 million over the next two seasons, per RealGM.

BSNDenver.com's Harrison Wind weighed in on what Miller's deal means for Denver's roster:

Having a seasoned pro like Miller should do wonders for a young Nuggets locker room. Miller has proved to be adept at the intangible role as part of two Miami Heat championship teams and upon his return to the Memphis Grizzlies in 2013-14, though he was a bigger on-court contributor at those stops.

Amid his reunion with ex-Heat teammate LeBron James in Cleveland two seasons ago, Miller gave guidance to younger perimeter players such as J.R. Smith and Matthew Dellavedova, who then played some of their best basketball while lifting the injury-riddled Cavs to the 2015 NBA Finals.

Competition is stiff at the 2-guard spot, with Gary Harris, 2016 lottery pick Jamal Murray and rookie first-round pick Malik Beasley in the mix. Meanwhile, the small forward position is occupied by Danilo Gallinari, Will Barton and Wilson Chandler, among others.

Perhaps the Nuggets handed Miller a higher salary because their personnel situation dictates that he will be more of a pseudo-assistant coach. On the other hand, if he's healthy and Denver needs someone to plug in during crunch time, the career 40.7 percent three-point shooter should be up to the task.