MIAMI -- Mike Miller was a luxury that the Miami Heat decided they could no longer afford.

Miller was designated Tuesday as the team's amnesty player, a move that may save the Heat more than $30 million in luxury tax payments over the next two years and comes only a few days after team president Pat Riley said the two-time defending NBA champions were hoping to keep the core of the roster largely intact for next season.

But with the team's tax bill set to be bigger than ever – depending on what the final payroll numbers are, the Heat could pay as much as $2.50 per $1 they are over the salary-cap threshold for this coming season under the league's new and more punitive rules – the team ultimately made the call to part with Miller, a move that he suspected was coming.

"I understand the business side of basketball," Miller told The Associated Press. "It's a combination of being very, very thankful for the opportunity that I've had, but it hurts that we had a chance to do something very, very special and I'd love to have been a part of it."

Riley said the team tried to trade Miller, then had to make "a very difficult decision" to use the one-time amnesty provision on him. He said the team's managing general partner Micky Arison, CEO Nick Arison and coach Erik Spoelstra all struggled with the decision.

"Mike had an incredible impact on the Miami Heat; helping us to three finals appearances and winning back-to-back World Championships," Riley wrote in a statement released by the team. "This was a very difficult decision for me personally, the Arison family, Erik and the entire Miami Heat organization. Mike was one of the best we have ever had here, and will be sorely missed. We wish Mike, his wife Jennifer and their family nothing but the best."

Miller would have made $6.2 million this season, and $6.6 million next season. He still gets that money, but his salary will not count against Miami's cap, nor will it count against a luxury-tax hit that was in line to exceed $30 million this coming season alone.

"I love Mike. We all love Mike," Heat guard Dwyane Wade told AP as the news of the team's decision broke. "It's tough to lose one of our brothers. But I think we all understand it's not personal. It's a business decision."

If Miller is not claimed off waivers, he becomes a free agent later this week. It's believed he would like to play for a title contender, and a return to Memphis – where he spent parts of six seasons – would likely appeal to Miller.

"I know I can be very, very productive for a couple years for sure," Miller said. "But at the same time, it would be very difficult to go into a situation where you're not competing for a title. So I'm going to have to weigh those things, and we'll see how it plays out."

Miller spent three seasons in Miami, helping the Heat win two titles and playing big roles in each playoff run. He started the last four games of this year's NBA Finals, the highlight of that run possibly being how he lost a shoe during play early in the fourth quarter of Game 6 against San Antonio, flipped it over to the bench, came downcourt and swished a 3-pointer anyway to help the Heat rally from 10 points down in the final 12 minutes.

He also came off the bench to make seven 3-pointers in the title-clinching Game 5 win over Oklahoma City in 2012.

"I've had a pretty good career and I've been a part of a lot of special things," said Miller, the NBA's rookie of the year in 2000-01 and sixth man of the year in 2005-06. "I've won some individual awards and now two rings, so I'm going to have some pretty good memories."

Miller plans to keep playing for at least a couple more years, saying that he feels better now than he has in several seasons. He expressed disappointment that not only will he not get to help the Heat try for a third straight title, he will no longer be playing alongside Udonis Haslem, his former college teammate at Florida.

Reuniting with Haslem was one of the many reasons why Miller signed with Miami.

"I said this when I first got back here: My career started in the state of Florida with unbelievable teammates, one of them being Udonis," Miller said. "And then ending back up in Florida with UD, that was a special thing. We had a chance to win a national championship, came up short, then at the end got back as teammates in the NBA and won two championships together. That's special."

Also on HuffPost:

Loading Slideshow...
  • Dwyane Wade , Gabrielle Union

    The Miami Heat's Dwyane Wade celebrated with his girlfriend Gabrielle Union after Game 7 of the NBA basketball championship against the San Antonio Spurs, Friday, June 21, 2013, in Miami. The Miami Heat defeated the San Antonio Spurs 95-88 to win their second straight NBA championship. (AP Photo/Wilfredo Lee)

  • San Antonio Spurs v Miami Heat - Game 7

    MIAMI, FL - JUNE 20: Chris Andersen #11 of the Miami Heat celebrates after defeating the San Antonio Spurs 95-88 to win Game Seven of the 2013 NBA Finals at AmericanAirlines Arena on June 20, 2013 in Miami, Florida. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Kevin C. Cox/Getty Images)

  • LeBron James

    The Miami Heat's LeBron James (6) celebrates in the locker room after Game 7 of the NBA basketball championship against the San Antonio Spurs, Friday, June 21, 2013, in Miami. The Miami Heat defeated the San Antonio Spurs 95-88 to win their second straight NBA championship. (AP Photo/Wilfredo Lee)

  • BKN-NBA-FINALS-SPURS-HEAT-GAME 7

    Dwyane Wade of the Miami Heat enjoys a cigar in the team locker room after Game 7 of the NBA Finals at the American Airlines Arena June 20, 2013 in Miami, Florida. The Miami Heat beat the San Antonio Spurs 95-88 to win the 2013 NBA Championship. AFP PHOTO / Brendan SMIALOWSKI (Photo credit should read BRENDAN SMIALOWSKI/AFP/Getty Images)

  • The Miami Heat's Ray Allen celebrates after Game 7 of the NBA basketball championship against the San Antonio Spurs, Friday, June 21, 2013, in Miami. The Miami Heat defeated the San Antonio Spurs 95-88 to win their second straight NBA championship. (AP Photo/Wilfredo Lee)

  • San Antonio Spurs v Miami Heat - Game 7

    MIAMI, FL - JUNE 20: Mario Chalmers #15 of the Miami Heat celebrates as he answers questions after defeating the San Antonio Spurs 95-88 to win Game Seven of the 2013 NBA Finals at AmericanAirlines Arena on June 20, 2013 in Miami, Florida. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Kevin C. Cox/Getty Images)

  • San Antonio Spurs v Miami Heat - Game 7

    MIAMI, FL - JUNE 20: LeBron James #6 of the Miami Heat celebrates with Carolina Panthers quarterback Cam Newton after defeating the San Antonio Spurs 95-88 to win Game Seven of the 2013 NBA Finals at AmericanAirlines Arena on June 20, 2013 in Miami, Florida. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Kevin C. Cox/Getty Images)

  • San Antonio Spurs v Miami Heat - Game 7

    MIAMI, FL - JUNE 20: LeBron James #6 of the Miami Heat celebrates with fans after defeating the San Antonio Spurs 95-88 to win Game Seven of the 2013 NBA Finals at AmericanAirlines Arena on June 20, 2013 in Miami, Florida. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Kevin C. Cox/Getty Images)

  • San Antonio Spurs v Miami Heat - Game 7

    MIAMI, FL - JUNE 20: LeBron James #6 of the Miami Heat celebrates after defeating the San Antonio Spurs 95-88 to win Game Seven of the 2013 NBA Finals at AmericanAirlines Arena on June 20, 2013 in Miami, Florida. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Kevin C. Cox/Getty Images)

  • San Antonio Spurs v Miami Heat - Game 7

    MIAMI, FL - JUNE 20: LeBron James #6 of the Miami Heat celebrates with fans after defeating the San Antonio Spurs 95-88 to win Game Seven of the 2013 NBA Finals at AmericanAirlines Arena on June 20, 2013 in Miami, Florida. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Kevin C. Cox/Getty Images)

  • LeBron James

    The Miami Heat's LeBron James (6) celebrates in the locker room after Game 7 of the NBA basketball championship against the San Antonio Spurs, Friday, June 21, 2013, in Miami. The Miami Heat defeated the San Antonio Spurs 95-88 to win their second straight NBA championship. (AP Photo/Wilfredo Lee)

  • Chris Andersen

    Miami Heat's Chris Andersen reacts after Game 7 of the NBA basketball championships, Friday, June 21, 2013, in Miami. The Miami Heat defeated the San Antonio Spurs 95-88 to win their second straight NBA championship. (AP Photo/Wilfredo Lee)

  • LeBron James

    Miami Heat's LeBron James reacts after Game 7 of the NBA basketball championships, Friday, June 21, 2013, in Miami. The Miami Heat defeated the San Antonio Spurs 95-88 to win their second straight NBA championship. (AP Photo/Wilfredo Lee)

  • BKN-NBA-FINALS-SPURS-HEAT-GAME 7

    LeBron James of the Miami Heat celebrates winning Game 7 of the NBA Finals at the American Airlines Arena June 20, 2013 in Miami, Florida. The Miami Heat, led by NBA Most Valuable Player LeBron James, won the NBA Finals for the second consecutive year by defeating the San Antonio Spurs 95-88 in game seven of the championship series. AFP PHOTO / Brendan SMIALOWSKI (Photo credit should read BRENDAN SMIALOWSKI/AFP/Getty Images)

  • BKN-NBA-FINALS-SPURS-HEAT-GAME 7

    LeBron James (L) and Dwyane Wade (R) of the Miami Heat celebrate winning Game 7 of the NBA Finals over the San Antonio Spurs at the American Airlines Arena June 20, 2013 in Miami, Florida. The Miami Heat, led by NBA Most Valuable Player LeBron James (2nd-L), won the NBA Finals for the second consecutive year by defeating the San Antonio Spurs 95-88 in game seven of the championship series. AFP PHOTO / Brendan SMIALOWSKI (Photo credit should read BRENDAN SMIALOWSKI/AFP/Getty Images)

  • BKN-NBA-FINALS-SPURS-HEAT-GAME 7

    The Miami Heat and staff celebrate winning Game 7 of the NBA Finals over the San Antonio Spurs at the American Airlines Arena June 20, 2013 in Miami, Florida. The Miami Heat, led by NBA Most Valuable Player LeBron James (2nd-L), won the NBA Finals for the second consecutive year by defeating the San Antonio Spurs 95-88 in game seven of the championship series. AFP PHOTO / Brendan SMIALOWSKI (Photo credit should read BRENDAN SMIALOWSKI/AFP/Getty Images)

  • BKN-NBA-FINALS-SPURS-HEAT-GAME 7

    The Miami Heat celebrate winning Game 7 of the NBA Finals at the American Airlines Arena June 20, 2013 in Miami, Florida. The Miami Heat, led by NBA Most Valuable Player LeBron James (2nd-L), won the NBA Finals for the second consecutive year by defeating the San Antonio Spurs 95-88 in game seven of the championship series. AFP PHOTO / Brendan SMIALOWSKI (Photo credit should read BRENDAN SMIALOWSKI/AFP/Getty Images)

  • BKN-NBA-FINALS-SPURS-HEAT-GAME 7

    Dwyane Wade (L), LeBron James (C) and Chris Bosh (R) of the Miami Heat celebrate winning Game 7 of the NBA Finals at the American Airlines Arena June 20, 2013 in Miami, Florida. The Miami Heat, led by NBA Most Valuable Player LeBron James, won the NBA Finals for the second consecutive year by defeating the San Antonio Spurs 95-88 in game seven of the championship series. AFP PHOTO / Brendan SMIALOWSKI (Photo credit should read BRENDAN SMIALOWSKI/AFP/Getty Images)

  • BKN-NBA-FINALS-SPURS-HEAT-GAME 7

    LeBron James of the Miami Heat celebrates winning Game 7 of the NBA Finals at the American Airlines Arena June 20, 2013 in Miami, Florida. The Miami Heat, led by NBA Most Valuable Player LeBron James, won the NBA Finals for the second consecutive year by defeating the San Antonio Spurs 95-88 in game seven of the championship series. AFP PHOTO / Brendan SMIALOWSKI (Photo credit should read BRENDAN SMIALOWSKI/AFP/Getty Images)

  • BKN-NBA-FINALS-SPURS-HEAT-GAME 7

    The Miami Heat and staff celebrate winning Game 7 of the NBA Finals over the San Antonio Spurs at the American Airlines Arena June 20, 2013 in Miami, Florida. The Miami Heat, led by NBA Most Valuable Player LeBron James (2nd-L), won the NBA Finals for the second consecutive year by defeating the San Antonio Spurs 95-88 in game seven of the championship series. AFP PHOTO / Brendan SMIALOWSKI (Photo credit should read BRENDAN SMIALOWSKI/AFP/Getty Images)

  • BKN-NBA-FINALS-SPURS-HEAT-GAME 7

    The Miami Heat and staff celebrate winning Game 7 of the NBA Finals over the San Antonio Spurs at the American Airlines Arena June 20, 2013 in Miami, Florida. The Miami Heat, led by NBA Most Valuable Player LeBron James (2nd-L), won the NBA Finals for the second consecutive year by defeating the San Antonio Spurs 95-88 in game seven of the championship series. AFP PHOTO / Brendan SMIALOWSKI (Photo credit should read BRENDAN SMIALOWSKI/AFP/Getty Images)

  • Chris Bosh

    The Miami Heat's Chris Bosh (1) celebrates after the second half in Game 7 of the NBA basketball championship against the San Antonio Spurs, Friday, June 21, 2013, in Miami. The Miami Heat defeated the San Antonio Spurs 95-88 to win their second straight NBA championship.(AP Photo/Steve Mitchell, Pool)

  • Miami Heat's Chris Bosh (1) celebrates after winning Game 7 of the NBA basketball championships against the San Antonio Spurs Friday, June 21, 2013, in Miami. The 95-88 win is Miami's second straight NBA championship.(AP Photo/Steve Mitchell, Pool)

  • Pat Riley, David Fizdale, Erik Spoelstra

    From left, Miami Heat president Pat Riley, assistant coach David Fizdale, and head coach Erik Spoelstra celebrate after Game 7 of the NBA basketball championships, Friday, June 21, 2013, in Miami. The Miami Heat defeated the San Antonio Spurs 95-88 to win their second straight NBA championship.(AP Photo/Wilfredo Lee)

  • Pat Riley,,David Fizdale ,LeBron James

    Miami Heat president Pat Riley, left, and Miami Heat assistant coach David Fizdale greet LeBron James (6) after Game 7 of the NBA basketball championship, Friday, June 21, 2013, in Miami. The Miami Heat defeated the San Antonio Spurs 95-88 to win their second straight NBA championship. (AP Photo/Wilfredo Lee)

  • Pat Riley, David Fizdale, Erik Spoelstra

    From left, Miami Heat president Pat Riley, assistant coach David Fizdale, and head coach Erik Spoelstra celebrate after Game 7 of the NBA basketball championships, Friday, June 21, 2013, in Miami. The Miami Heat defeated the San Antonio Spurs 95-88 to win their second straight NBA championship.(AP Photo/Wilfredo Lee)

  • The Miami Heat's LeBron James holds the the Larry O'Brien NBA Championship Trophy after Game 7 of the NBA basketball championship against the San Antonio Spurs, Friday, June 21, 2013, in Miami. The Miami Heat defeated the San Antonio Spurs 95-88 to win their second straight NBA championship. (AP Photo/Lynne Sladky

  • LeBron James, Bill Russell

    The Miami Heat's LeBron James, left, holding the Larry O'Brien NBA Championship Trophy is given the Bill Russell NBA Finals Most Valuable Player Award, by Former NBA player Bill Russell after Game 7 of the NBA basketball championship against the San Antonio Spurs, Friday, June 21, 2013, in Miami. The Miami Heat defeated the San Antonio Spurs 95-88 to win their second straight NBA championship. (AP Photo/Lynne Sladky

  • LeBron James, Bill Russell

    The Miami Heat's LeBron James, left, holds the Larry O'Brien NBA Championship Trophy and the Bill Russell NBA Finals Most Valuable Player Award, as former NBA player Bill Russell, right looks on after Game 7 of the NBA basketball championship against the San Antonio Spurs, Friday, June 21, 2013, in Miami. The Miami Heat defeated the San Antonio Spurs 95-88 to win their second straight NBA championship. (AP Photo/Lynne Sladky

  • The Miami Heat celebrate after defeating the San Antonio Spurs 95-88 to win their second straight NBA championship after Game 7 of the NBA basketball championships, Friday, June 21, 2013, in Miami. (AP Photo/Lynne Sladky)

  • Mario Chalmers, Chris Bosh, Dwyane Wade

    From left, Miami Heat players Mario Chalmers, Chris Bosh, and Dwyane Wade celebrate after defeating the San Antonio Spurs 95-88 to win their second straight NBA championship after Game 7 of the NBA basketball championships, Friday, June 21, 2013, in Miami. (AP Photo/Wilfredo Lee)

  • The Miami Heat's LeBron James, Dwyane Wade and Mike Miller, from left, celebrate after Game 7 of the NBA basketball championship against the San Antonio Spurs, Friday, June 21, 2013, in Miami. The Miami Heat defeated the San Antonio Spurs 95-88 to win their second straight NBA championship. (AP Photo/Wilfredo Lee)

  • The Miami Heat celebrate after defeating the San Antonio Spurs 95-88 to win their second straight NBA championship after Game 7 of the NBA basketball championships, Friday, June 21, 2013, in Miami. (AP Photo/Lynne Sladky)

  • Norris Cole

    Norris Cole carries the trophy during the after Game 7 of the NBA basketball championships, Friday, June 21, 2013, in Miami. The Miami Heat defeated the San Antonio Spurs 95-88 to win their second straight NBA championship. (AP Photo/Wilfredo Lee)

  • Miami Heat fans celebrate the Championship after the Heat's win against the San Antonio Spurs after the Game 7 of the NBA final basketball series in Miami on Friday, June 21, 2013.. The Heat beat the San Antonio Spurs 88-95 to win to their second straight title. (AP Photo/Javier Galeano)

  • BKN-NBA-FINALS-SPURS-HEAT-GAME 7

    LeBron James of the Miami Heat speaks with reporters after Game 7 of the NBA Finals at the American Airlines Arena June 20, 2013 in Miami, Florida. The Miami Heat beat the San Antonio Spurs 95-88 to become the 2013 NBA champions. AFP PHOTO/Brendan SMIALOWSKI (Photo credit should read BRENDAN SMIALOWSKI/AFP/Getty Images)

  • BKN-NBA-FINALS-SPURS-HEAT-GAME 7

    LeBron James of the Miami Heat speaks with reporters after Game 7 of the NBA Finals at the American Airlines Arena June 20, 2013 in Miami, Florida. The Miami Heat beat the San Antonio Spurs 95-88 to become the 2013 NBA champions. AFP PHOTO/Brendan SMIALOWSKI (Photo credit should read BRENDAN SMIALOWSKI/AFP/Getty Images)

  • BKN-NBA-FINALS-SPURS-HEAT-GAME 7

    The Miami Herald headlining the Miami Heat's victory over the San Antonio Spurs is displayed at the American Airlines Arena following Game 7 of the NBA Finals June 20, 2013 in Miami, Florida. The Miami Heat, led by NBA Most Valuable Player LeBron James (2nd-L), won the NBA Finals for the second consecutive year by defeating the San Antonio Spurs 95-88 in game seven of the championship series. AFP PHOTO / Brendan SMIALOWSKI (Photo credit should read BRENDAN SMIALOWSKI/AFP/Getty Images)

  • Micky Arison

    Miami Heat owner Micky Arison speaks to the media after Game 7 of the NBA basketball championship game against the San Antonio Spurs, Friday, June 21, 2013, in Miami. The Miami Heat defeated the San Antonio Spurs 95-88 to win their second straight NBA championship. (AP Photo/Wilfredo Lee)

  • BKN-NBA-FINALS-SPURS-HEAT-GAME 7

    Dwyane Wade of the Miami Heat speaks to reporters after Game 7 of the NBA Finals at the American Airlines Arena June 20, 2013 in Miami, Florida. The Miami Heat beat the San Antonio Spurs 95-88 to win the 2013 NBA Championship. AFP PHOTO/Brendan SMIALOWSKI (Photo credit should read BRENDAN SMIALOWSKI/AFP/Getty Images)

  • BKN-NBA-FINALS-SPURS-HEAT-GAME 7

    Dwyane Wade of the Miami Heat speaks to reporters after Game 7 of the NBA Finals at the American Airlines Arena June 20, 2013 in Miami, Florida. The Miami Heat beat the San Antonio Spurs 95-88 to win the 2013 NBA Championship. AFP PHOTO/Brendan SMIALOWSKI (Photo credit should read BRENDAN SMIALOWSKI/AFP/Getty Images)

  • San Antonio Spurs v Miami Heat - Game 7

    MIAMI, FL - JUNE 20: Shane Battier #31 of the Miami Heat celebrates after defeating the San Antonio Spurs 95-88 to win Game Seven of the 2013 NBA Finals at AmericanAirlines Arena on June 20, 2013 in Miami, Florida. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Mike Ehrmann/Getty Images)

  • San Antonio Spurs v Miami Heat - Game 7

    MIAMI, FL - JUNE 20: Dwyane Wade #3 of the Miami Heat hugs teammate Shane Battier #31 after defeating the San Antonio Spurs 95-88 to win Game Seven of the 2013 NBA Finals at AmericanAirlines Arena on June 20, 2013 in Miami, Florida. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Kevin C. Cox/Getty Images)

  • Pat Riley, , Erik Spoelstra

    Miami Heat President Pat Riley, right, and head coach Erik Spoelstra celebrate the team's second NBA championship, Friday morning, June 21, 2013, in Miami. The Miami Heat defeated the San Antonio Spurs 95-88 to win their second straight NBA championship. (AP Photo/Wilfredo Lee)