The Miami Heat waived veteran guard Mike Miller through the NBA's Amnesty provision, a move that saves the two-time NBA Champions $17 million in luxury tax fees.
Miller appeared in 59 regular-season games last season, and averaged 4.8 points, 2.7 rebounds and 1.7 assists in 15.3 minutes.
"After many discussions internally and a sincere effort to explore the trade market, we made a very difficult decision to use our Amnesty provision on Mike Miller," Heat president Pat Riley said in a statement. "Mike had an incredible impact on the Miami Heat; helping us to three finals appearances and winning back-to-back World Championships. This was a very difficult decision for me personally, the Arison family, Erik and the entire Miami Heat organization. Mike was one of the best we have ever had here, and will be sorely missed."
The Heat still owe Miller $12.8 million over the next two seasons.
Miller's release indicates a change of direction from last week, when Riley said "we're not using the amnesty," during a conference call with reporters. "I want to try to keep this team intact as long as we can because we have a championship basketball team here. I would hate to break any part of it up, that is productive and leads to winning."
Management, including principal owner Micky Arison and his son, team CEO and part owner Nick Arison, eventually overruled Riley.
Miller signed with the Heat in summer of 2010, but suffered through injuries to his thumbs and back that limited his playing time.