Larry Miller has stepped down as president of the Blazers and will return to Nike. Miller had two years remaining on his contract but informed owner Paul Allen of the decision on Friday.

Miller will once again be president of Brand Jordan, the same position he held from 1999 until 2006.

“It felt like it is the right time, and the right thing for me,’’ Miller said Saturday morning.

Miller helped the Blazers stabilize their financial practices during his tenure.