Re: Heat waive Mike Miller
Perfect fit. They need shooting badly.
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Heat waive Mike Miller
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Re: Heat waive Mike Miller
According to multiple sources, Mike Miller is going to sign with the Grizzlies.
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Re: Heat waive Mike Miller
Originally posted by bigticket1 View Post
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Re: Heat waive Mike Miller
Originally posted by bigticket1 View Post
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Re: Heat waive Mike Miller
Originally posted by slosho View PostFair enough, it just seemed he was always first with news on Nate and the NBA. I guess if I cared about the NBA I would know a little more myself.
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Re: Heat waive Mike Miller
Originally posted by slosho View PostIs it just me or does this guy seem to have an inside track on NBA info?
Just remember the King of Amnestys is Gilbert Arenas. Signs a 6 year deal in 2008, brings handguns into locker rooms goes to Orlando for one year, gets amnestied after the lockout and forces the Magic to pay him upwards of 21mil+ a year for the last two years and is owned one more year of over 22milliom due to the amnesty rules.
He has been the third highest paid player in NBA for last two years as well as next year while only playing 17 games in the NBA with the Grizzlies in 2012. Just trolled the entire Magic organization. I love it!
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Re: Heat waive Mike Miller
Originally posted by Prairiehaas View PostSeverance pay: noun - Money, exclusive of wages, back pay, etc., paid to an employee who has tenure and who is dismissed because of lack of work or other reasons beyond the employee's control. I don't believe one could construe being paid wages as per contract as severance pay.Last edited by Nidaros; 07-19-2013, 06:39 AM.
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Re: Heat waive Mike Miller
There has been some reports that Mike Miller has been telling people that he is likely to sign with OKC.
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Re: Heat waive Mike Miller
Severance pay: noun - Money, exclusive of wages, back pay, etc., paid to an employee who has tenure and who is dismissed because of lack of work or other reasons beyond the employee's control. I don't believe one could construe being paid wages as per contract as severance pay.
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Re: Heat waive Mike Miller
Originally posted by RabbitObsessed View Post
The NBA's latest CBA proposal reportedly includes an "amnesty clause" - a one-time opportunity for teams to remove their worst contracts from the books.
Apparently they could not afford the Miller contract and it was one of the worst ones on the books. You can be fired from a job and receive severance pay and in this case it is severance pay, the 12 million. You don't even have to show up for work which Miller will not at least not in Miami.
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Re: Heat waive Mike Miller
Originally posted by Nidaros View Posthuh? Explain why he is no longer on the Heat's payroll
Each team is allowed to waive a player without having their salary count toward the salary cap or luxury tax. One player can be waived prior to the start of any season from 2011–12 through 2015–16. It can be exercised during the seven days that follow the July moratorium.[a][10] Each team is restricted to one "amnestied" player during that time. Only players signed prior to 2011–12 are eligible.[27] Teams can claim an amnestied player at a reduced rate, with the waiving team responsible for paying the balance of the contract. The team with the highest bid acquires the player. If unclaimed, the player becomes a free agent.[6] Teams over the salary cap can only acquire an amnestied player if he becomes a free agent and the offer would be limited to the veteran's minimum contract.
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