Mike Miller is staying in Denver for two more years.

The 16-year veteran agreed to a two-year, $5 million deal with the Nuggets last night, as first reported by The Vertical's Shams Charania.

After five straight years playing with LeBron James in Miami and Cleveland, Miller joined the Nuggets last season. He played just 47 games and averaged 1.3 points per game. He still shot 36.5 percent on threes, so he may contain a tiny bit of value as a 3-point threat, or at least someone who can space the floor for short spurts.

The only thing Miller brought of value to Denver last season was apparently inbounding.

Miller's best days are behind him, but there is some significance in the signing, as it gives Denver 13 players on its roster. Juancho Hernangomez, Axel Toupane, JaKarr Sampson, and Joffrey Lauvergne are the leading candidates to round out the roster.

Denver has a lot of young, talented players, and veterans can always be beneficial to guys like that. Emmanuel Mudiay had a promising rookie campaign last year and Jamal Murray has already been showing off some of his skills during the Las Vegas Summer League.

Miller may be able to provide some guidance for players like that.

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