Portland Trail Blazers forward Mike Miller has finalized a contract buyout to enter free agency, league sources told Yahoo Sports. Once Miller clears waivers, the Denver Nuggets are among the teams with an interest in signing Miller, league sources told Yahoo Sports. Denver has 14 guaranteed contracts as it begins training camp this week.
Erik Gundersen: Mike Miller wasn’t working out w/ Blazers this past month. @Shams Charania reporting the inevitable buyout has happened on eve of camp.
Jerry Zgoda: Wolves officially announce Bennett buyout, a move that saves them a little more than $2 million. Milt Newton called it “best” for both sides
Portland and Philly can still claim him off waivers, though doing so would mean eating his salary. That would leave the Sixers with something like $7 million in cap space,2 and that’s not enough to butt in as a salary dumping ground in every big-money trade conversation. Portland can swallow Bennett and maintain something like $15 million in space — most in the league, and enough to snag some assets in exchange for eating more money down the line. Utah has theoretical cap room, but its roster is almost full, and it’s not touching Bennett, per several league sources.
We do know that Bennett is done after an even more miserable sophomore year in Minnesota. The Wolves will shave off some of Bennett’s $5.8 million salary for this season, and they clearly couldn’t give Bennett away. They peddled him everywhere, including to teams with cap space to absorb him in exchange for a token top-55-protected second-round pick Minnesota would never see, per several league sources. No one bit. The Wolves probably could have dumped him on Portland or Philadelphia by attaching a second-round pick, and most second-round picks aren’t worth $5.8 million. But Minnesota’s upcoming second-rounders will be high, and if Glen Taylor is willing to eat most of that $5.8 million to preserve the 37th pick, that’s good for the franchise. Knowing Philly, it’d have demanded more than one second-rounder to get him, anyway. Such a deal would have netted a nice trade exception, but a lot of those expire unused.