Trail Blazers Reach Buyout Agreement With Mike Miller

The Trail Blazers and forward Mike Miller parted ways today, Yahoo Sports' Shams Charania reports:

Portland Trail Blazers forward Mike Miller has finalized a contract buyout to enter free agency, league sources told Yahoo Sports.

Miller, 35, was acquired by the Blazers along with center Brendan Haywood and two future second-round picks in 2019 and 2020, respectively, in a late-July trade with the Cleveland Cavaliers in exchange for cash considerations.

While Haywood was waived by August, Miller's buyout of the remaining $3.28 million he was scheduled to make this season took two months before it became official. After clearing waivers, Miller is free to sign with any team.

Miller's departure leaves the Blazers with 12 players under fully guaranteed contracts heading into training camp and four players with non or partially guaranteed contracts -- Tim Frazier, Phil Pressey, Luis Montero and Cliff Alexander -- fighting for the final three roster spots. Former Oregon State Beavers forward Omari Johnson, 25, is also in training camp with the Blazers.

(h/t to Blazer's Edge user mrsbro for linking to this story first in the Fanshots.)