Mike Miller and the Portland Trail Blazers have finalized a contract buyout.

Once Miller clears waivers, the Denver Nuggets are among the teams with an interest in signing Miller. The Nuggets previously pursued Miller before he signed with the Cleveland Cavaliers last offseason.

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

Gerald Wallace has been waived by the Philadelphia 76ers.

Wallace was acquired by Philadelphia in late July from the Golden State Warriors in exchange for forward Jason Thompson.

Wallace was on the Warriors' roster for just a few days following their trade of David Lee.

If Wallace clears waivers, he will become an unrestricted free agent.

Kostas Papanickolau has been waived by the Denver Nuggets.

By waiving Papanickolau before Oct. 4th, the Nuggets shed his $4.8 million contract for the 15-16 season.

Papanickolau was acquired from the Houston Rockets in the Ty Lawson trade.

Anthony Bennett's buyout with the Minnesota Timberwolves was for $3.65 million, while his scheduled salary was for $5.8 million.

If he clears waivers, he may have to sign a minimum salary contract worth $947,000, thereby forfeiting about $1 million from his original salary.

Bennett was unlikely to receive much playing time in the Wolves' crowded frontcourt.

"When you look at our team, our deepest position is probably power forward," Wolves GM Milt Newton said in a statement issued by the team. "This move balances out our roster while also allowing Anthony another opportunity in the NBA. He has a lot of talent and his play this summer internationally made this a difficult decision for us."

Anthony Bennett has reached agreement with the Minnesota Timberwolves on a buyout.

Bennett will become a free agent if he clears waivers.

The Portland Trail Blazers are expected to pursue Bennett with the presence of Jay Triano and David Vanerpool a factor.

Bennett was the first overall pick in the 2013 NBA Draft and no other team in the top-10 had plans of selecting him.