The Grizzlies re-signed him Jan. 10 to a 10-day contract two days after Portland threatened possible legal action against any team signing the free agent. Miles' return put the TrailBlazers on the hook for $18 million and the two years left on his contract.
Memphis also signed Miles to a second 10-day contract on Jan. 20.
The 27-year-old Miles was the third overall pick in the 2000 draft by the Los Angeles Clippers, and has also played for Cleveland, which traded him to Portland midway through the 2003-04 season.