I don't think there will be a meltdown. Shaka's floor is WAY higher than Miller's. Miller could be a good get. Who knows? Remember everyone on the board wanted Peter Lembo instead of Clawson? Look how that turned out. Shaka would win the press conference though, that's for sure.
Personally, I MUCH prefer Shaka and think they should do what it takes to get him here. However, it's obvious that there are a ton of obstacles to do that (his buyout, Texas is still playing, does Shaka want to come to Wake?, etc.). Miller would jump at the Wake job and probably cost substantially less money.
Maybe the NIT I guess.