The Minnesota Timberwolves will reportedly amnesty center Darko Milicic in an effort to free up cap space to covet Portland Trail Blazers restricted free agent Nicolas Batum, according to Ric Bucher of ESPN.com:
Milicic has two years and $10 million remaining on his contract, but only $7 million is guaranteed. Once finalized, Milicic will go through a modified amnesty process.
The modified amnesty process is described by Bucher as one in which teams can make "blind bids" to pick up the balance of the money owed to Milicic. If no bids are placed, Milicic becomes an unrestricted free agent.
The Wolves reportedly offered Batum a four-year deal worth $45 million. Bucher said that Batum's agent told The Associated Press that Batum wants to play for the Wolves and hopes that the Blazers do not match any competing offers or let Batum go via a sign-and-trade. But Blazers GM Neil Olshey said the team plans to match any offer Batum receives.