HANG TIME HEADQUARTERS — The two-time defending NBA champion Miami Heat are not immune to the harsh economic realities facing the league’s biggest spenders under the new collective bargaining agreement.
The waiving of veteran shooter and surprise 2012 Finals hero Mike Miller via the amnesty provision this afternoon is proof. Miller joins Metta World Peace, formerly of the Los Angeles Lakers and now a member of the New York Knicks, as the most prominent players to be amnestied this summer. The Charlotte Bobcats also used the amnesty provision on Tyrus Thomas last week.
The move came as something of a surprise after Heat boss Pat Riley addressed the possibility of this happening by saying there would be no need for the Heat to use this one-time measure to clear salary cap space.
“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,” 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. We wish Mike, his wife Jennifer and their family nothing but the best.”
This was a purely economical move for the Heat, who could save $30 million in luxury tax payments over the nest two seasons simply by removing Miller’s $12.8 million in salary from the books for the 2013-14 season and the 2014-15 season. The Heat still will have to pay Miller the salary he is owed but it won’t impact their own salary cap bottom line.
Miller, whose penchant for knocking down big shots at big moments in both of the Heat’s title runs, was clearly wounded by the move.
“I understand the business side of basketball,” he told The Associated Press. “It’s a combination of being very, very thankful for the opportunity that I’ve had, but it hurts that we had a chance to do something very, very special and I’d love to have been a part of it.”
This is the strictly business portion of the program for veterans like Miller and World Peace, guys who helped their now former franchises to championships.
“I know I can be very, very productive for a couple years for sure,” Miller said. “But at the same time, it would be very difficult to go into a situation where you’re not competing for a title. So I’m going to have to weigh those things, and we’ll see how it plays out.”
Miller’s time in Miami was well spent. He leaves having been an integral part of a Heat crew led by LeBron James, Dwyane Wade and Chris Bosh that made three straight trips to The Finals and walked off with Larry O’Brien trophies in back-to-back years.
Heat fans will surely never forget some of his most memorable moments from the title runs, and that includes his shoeless 3-pointer from Game 6 of last month’s Finals and certainly the seven 3-pointers he made in the title-clinching Game 5 win over Oklahoma City in 2012.
“I love Mike. We all love Mike,” Wade told The Associated Press. “It’s tough to lose one of our brothers. But I think we all understand it’s not personal. It’s a business decision.”
It’s strictly business these days for the NBA’s biggest spenders.