MONDAY, 4:07pm: Portland has officially waived Miller, the team announced (on Twitter). The Nuggets are reportedly interested and have offered him a one-year deal should he clear waivers, as expected.
SUNDAY, 3:30pm: The Blazers and Mike Miller have reached an agreement on a contract buyout, which would make the small forward a free agent, Shams Charania of Yahoo Sports reports (on Twitter). Miller is expected to become an option for several contenders once he clears waivers, Charania writes in a full story, though it is not clear which teams will make a play toward him.
Miller, was owed $2.8MM in the final year of his contract. The move was expected when Miller was acquired by the Blazers. Miller was traded to Portland from the Cavs in July in a deal that helped Cleveland save money, add two exceptions and expand their trade options.
The Grizzlies, Thunder and Mavs were thought to be interested in Miller when he was acquired by the Blazers and was reportedly seeking the buyout. Miller is coming off his worst season and only played 13.5 minutes per game in 52 appearances.