Miller’s $3.5 million contract for the upcoming season (the last in a two year deal he signed in 2015) would have become fully guaranteed tomorrow. This doesn’t necessarily mean that Miller won’t be back with the Nuggets next season, but as of right now he is not part of the team and a new deal would need to be negotiated if he were to return. Releasing Miller gives the Nuggets an extra roster spot and given the team is currently at the Las Vegas Summer League, one might wonder if this move is to clear out roster space for a summer league player.
2017 NBA Free Agency: Denver Nuggets waive Mike Miller
