The Wizards will retain Miller, the backup point guard, for next season but will allow forward Booker to enter unrestricted free agency.
The Wizards decline to make a qualifying offer to the four-year veteran.
NBA teams are already making moves with the hopes of landing LeBron James or Carmelo Anthony in free agency.
LeBron James isn't necessarily leaving Miami by opting out of his contract, but he is making it clear that his goal is to win championships and nothing else.
Martell Webster picked the best time to have a career year as shooters are in higher demand in the NBA.
The Wizards repeatedly stated that Martell Webster was the No. 1 priority in free agency and they agreed to terms with the free agent forward on Tuesday on a four-year deal worth a reported $22 million.
In an attempt to find a more reliable backup for John Wall, the Wizards have agreed to terms with free agent point guard and former VCU star Eric Maynor.
With free agent recruiting underway, the Wizards have made bringing back Martell Webster the No. 1 priority. But could Antawn Jamison return?