Pacers release Reggie as amnesty player
Indianapolis, IN (Sports Network) – Reggie Miller announced his retirement
after the playoffs this year, but the Indiana Pacers made it a formality on
Monday by waiving the NBA’s all-time leader in made three-pointers.
The Pacers waived Miller under the league’s amnesty provision. He still has
one year left on his contract and will be paid a reported $6.1 million.
According to the new NBA Collective Bargaining Agreement, each team will be
permitted to waive one “amnesty” player on or before August 15, 2005 and to
remove that player’s salary from its payroll for purposes of computing its tax
payment for the 2005-06 season and any future seasons for which the player was
Miller, one of 13 players in league history to reach 25,000 career points,
played 18 years.
Originally selected out of UCLA by Indiana in the first round (11th pick
overall) of the 1987 NBA Draft, Miller played in 1,389 regular-season contests
and averaged 18.2 points per game and shot 39.5 percent from beyond the arc.