The Portland Trail Blazers have reached a buyout agreement with veteran swingman Mike Miller, according to Yahoo! Sports’ Shams Charania.
The Blazers acquired Miller along with Brendan Haywood and two second-round picks from the Cleveland Cavaliers earlier this summer in a money-saving deal for Cleveland. Portland quickly waived Haywood and his massive non-guaranteed deal, and now Miller and his $3.28 million contract are gone as well.
The Cavaliers signed Miller to a two-year deal last summer after he put forth a strong effort in 2013-14 with the Memphis Grizzlies. He averaged 7.1 points while shooting 45.9 percent from three in 82 games with the Grizzlies that season, and he shot 48.3 percent in the postseason as well.
However, Miller was a non-factor in Cleveland last season, averaging 2.1 points while shooting 32.7 percent from three in 52 regular-season games. He barely played in the playoffs, appearing in just nine games and playing 7.2 minutes per game.
Now, the 35-year-old Miller will look to latch on with another team. The Denver Nuggets, who pursued Miller last summer, reportedly have interest.