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As expected, the “big announcement” slated for this afternoon is regarding the return of beloved Grizzlies’ sharpshooter Mike Miller. According to Matt Moore of CBS Sports, the Grizzlies will only have to pay Miller in the ballpark of $884,000 for the season, thanks to the fact that Miami, who used their amnesty provision on Miller, will pick up most of the tab.

From the Grizzlies’ official Twitter account:

From the team’s press release:

“We are extraordinarily pleased to welcome Mike Miller back to Memphis,” Grizzlies Chief Executive Officer Jason Levien said. “Mike is a special figure in our community due to his contributions both on and off the court. Mike is an elite three-point shooter, as Grizzlies fans know first-hand, and we expect his shooting, play-making, hustle and leadership to be a key component in our team competing with the best in the NBA next season.” Miller (6-8, 218) has spent the last three seasons with the Miami Heat, where he helped the club to three consecutive NBA Finals and win back-to-back NBA championships in 2012 and 2013. Miller scored 23 points and went 7-of-8 from three-point range against the Oklahoma City Thunder in the championship-clinching Game 5 of the 2012 NBA Finals. He made 9-of-10 from beyond the arc in the first three games against the San Antonio Spurs in the 2013 NBA Finals, which Miami won in seven games. In 25 career NBA Finals games, Miller has shot 25-of-47 from long range (.532).”

The conference is open to the public and will be streamed live at 11:30 AM CST.

Stay tuned to 3SOB for details! Let it fly!

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