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Miller Bought Out by Blazers, Expected to Sign With Nuggets

Sharpshooter Mike Miller was bought out on Monday, ending his short stint in Portland.

Sam Sharpe-USA TODAY Sports

The Portland Trail Blazers waived forward Mike Miller on Monday as expected, ending his time in the Rose City.  Miller was traded by the Cleveland Cavaliers to Portland along with Brendan Haywood and two second-round draft picks as a cost saving measure by the Cavs in July.  The Blazers had previously bought out Haywood's contract.

Multiple sources with ESPN reported that the Denver Nuggets are expected to sign the veteran sharpshooter. According to Marc Stein:

The Denver Nuggets have emerged as the strong favorites to sign veteran sharpshooter Mike Miller when he clears waivers Wednesday, according to league sources.

Sources told that Miller, who was formally waived Monday by the Portland Trail Blazers, is poised to sign a one-year contract with the Nuggets barring any late snags.

Miller has averaged 11.2 points and 40.4% three-point shooting over his 15 year career.  Miller joined Cleveland last season after spending time with Miami, Washington, Orlando, Minnesota, and Memphis.  He previously won Rookie of the Year with Orlando in 2001.