According to Chris Broussard of ESPN, the Cleveland Cavaliers have signed veteran wing Mike Miller to a two-year deal:
Sources: Mike Miller will sign with Cleveland. 2 yr deal with player option after 1 yr. Miller turned down more $ from Houston & Denver— Chris Broussard (@Chris_Broussard) July 15, 2014
Earlier today, Miller was reportedly deciding between joining the Cleveland Cavaliers and Denver Nuggets. Miller had been torn between joining the two teams over the past few days, and according to Broussard, the Rockets were also on the table.
Adrian Wojnarowski of Yahoo! Sports chipped in the dollar amount:
Miller will sign a two-year, $5.5M deal with Cavs, league source tells Yahoo Sports.— Adrian Wojnarowski (@WojYahooNBA) July 15, 2014
The Miami Heat will also pay Miller roughly $6.6 million over the course of the contract after amnestying Miller during the summer of 2013.
This signing clearly fills a big need for the Cavs, as Miller is one of the best pure shooters in the game. Miller shot 45.9% from three off the bench for Memphis last season, and will likely be able to have a similar impact in the Cavs' offense. He's also a pretty decent defensive player, which is nice. Questions about his health during his Heat tenure have been lessened as well by the fact that Miller played all 82 games for the Grizzlies last season.
Overall, the dollar amount for Miller is nice, the player option gives the Cavs and Miller some flexibility, and the fit is undeniable. This is a great signing for the Cavs.