Timberwolves, Andre Miller Likely To Work Buyout

12:38pm: Miller and the Wolves are already finalizing a buyout deal, agent Andy Miller tells Adrian Wojnarowski of The Vertical on Yahoo Sports (Twitter link).

12:35pm: Timberwolves owner Glen Taylor indicated that he’ll probably reach a buyout agreement with Andre Miller that would allow the 39-year-old point guard to appear in the postseason with another team, reports Jerry Zgoda of the Star Tribune. Taylor added that while he’s open to a buyout with Kevin Martin, Martin’s side would have to initiate those talks, as Zgoda details. Miller is on a one-year deal for the minimum salary, while Martin is making $7.085MM this season with a $7,377,500 player option for next year. Both would have to hit waivers no later than Tuesday to remain playoff-eligible for other teams.

Taylor said he’s willing to work with Miller’s camp, pegging him as more likely to end up with a buyout than fellow veteran Tayshaun Prince, with whom the owner said he has yet to engage in any buyout talks, Zgoda writes. Prince, 35, has played a prominent role, appearing in the starting lineup for 44 of his 56 appearances, including Wednesday’s game against Toronto. Interim coach Sam Mitchell has used Miller only off the bench and in just 26 games. Mitchell has given rookie point guard Tyus Jones an increased role of late, and Miller hasn’t played in any of Minnesota’s last four games, Zgoda notes.

Martin has played in each of those four games after sitting for the previous nine, and while he’s still averaging double-figure points, at 10.6 in 21.4 minutes per contest, it was no secret that he was available for a trade before last week’s deadline. Would-be suitors were apparently reluctant to take him on without knowing what he’d do about his player option. GM Milt Newton said after the deadline passed without a Martin trade that a buyout discussion would probably take place between Martin and the team in the near future, but Taylor told Zgoda that Newton hasn’t called agent Dan Fegan to start any such conversation.

Several teams were linked to Martin before the deadline, as I noted in his trade candidate piece, and that includes the Bucks, who reportedly made a run at him as the clock ticked down. At least one team asked the Wolves about Miller as the deadline approached, though it’s unclear which team that was.