Floyd hit .268 with 11 homers and 39 RBIs in 72 starts this season. The Rays held a $3 million option with a $250,000 buyout on the 35-year-old slugger, who was on the postseason roster until a right shoulder injury sidelined him for the final two games of the World Series loss to Philadelphia.
The club held a $2 million option with a $400,000 buyout on Miller, who was 2-0 with a 4.15 ERA and two saves in 68 games. The 35-year-old lefty has made at least 60 appearances in each of the past six seasons.
The Rays also announced backup catcher Michel Hernandez cleared waivers and was sent outright to Triple-A Durham.