Portland Trail Blazers forward Mike Miller has finalized a contract buyout to enter free agency, league sources told Yahoo Sports.

Once Miller clears waivers, the Denver Nuggets are among the teams with an interest in signing Miller, league sources told Yahoo Sports. Denver pursued Miller aggressively in free agency a year ago, before Miller signed a deal with the Cleveland Cavaliers. Denver has 14 guaranteed contracts as it begins training camp this week.

The Blazers acquired Miller in the Brendan Haywood trade in July, receiving two future second-round picks from the Cleveland Cavaliers.

Miller is a two-time NBA champion with the Miami Heat and was the 2001 Rookie of the Year over 15 NBA seasons, serving as a clutch shooter and contributor on contending teams. He has averaged 11.3 points, 4.7 rebounds and 2.7 rebounds while shooting 40.7 percent from three-point range with Orlando, Memphis, Minnesota, Washington, Miami and Cleveland.

He also was awarded the Sixth Man of the Year in 2006.

The No. 5 selection in the 2000 NBA draft, Miller played two seasons at Florida under Billy Donovan.