Just said this on @TheTicketMiami: from what I am hearing from multiple sources, the Heat are likely to amnesty Mike Miller today.— Ethan J. Skolnick (@EthanJSkolnick) July 16, 2013
Miller is scheduled to make $6.2 million next season and has a player option for $6.5 million for the 2014-15 season.
The Grizzlies, as you know, are in the market for a shooter who can stretch the floor, which makes Miller not "the," but a perfect target. He's a career 40.6-percent shooter from beyond the arc, averaging 1.7 threes per game. Miller, 32, however hasn't been the healthiest of players over the past three seasons in Miami. Last year he played 59 total games.
The math on signing someone like Miller, an amnestied player, is really, really complicated. There's a thought that it becomes a one-for-one, dollar-for-dollar offset. Meaning, if the Heat owe Miller $6.2 million, whatever his new team pays him will offset that dollar amount.
As noted, it is not straight dollar-for-dollar. Instead, it is equal to one half the difference between the player's salary with his new team and the minimum for a one-year veteran player. Vets minimum numbers depend on a player's time in the league, the more years, the higher the minimum. So the formula at its most basic is (new salary - vet minimum for 1 yr player) / 2 = set off amount + new salary = total player salary.
What this means is, Miller can actually make more than $6.2 million this season. Which, with the Grizzlies having a MLE, they can offer him a nice bump in salary.
This, of course, is speculation, as Miller still technically hasn't been amnestied -- officially, yet -- but the Grizzlies are certain to at least kick the tires on trying to bring him in. He's a need, an absolute need.
So, should they make a run at him? Of course. And it seems as if they may have an upper-hand in landing him: a contending team he's familiar with (home!) who can offer him money. Not a bad deal, if you ask me.