Source: Blazers plan to waive Brandon Roy

Source: Blazers plan to waive Brandon Roy »Play Video
Portland Trail Blazers' Brandon Roy points to the crowd after defeating the Dallas Mavericks 84-82 in Game 4 of their NBA basketball first-round playoff series on Saturday, April 23, 2011, in Portland, Ore. (AP Photo/Rick Bowmer)

PORTLAND, Ore. – The Portland Trail Blazers are reportedly planning to part ways with Brandon Roy.

An NBA league source told KATU’s Katy Brown that Roy has likely played his last game in a Blazers uniform and the word is out around the league that Roy will soon be on the market. The team plans to waive Roy under the “amnesty clause” that is part of the new NBA labor agreement, which is expected to be passed later this week.

The clause allows teams to waive one player and have 100 percent of his salary taken off the cap and luxury tax.

A league executive from another NBA team told Brown the decision came straight from Trail Blazers owner Paul Allen.

The move will save the team $15 million against the salary cap this year, which according to a league source is the main reason for the move.

The Trail Blazers are not commenting on the move, citing the league's current gag order on all teams.

Roy, a three-time NBA All-Star and 2006-07 Rookie of the Year, missed 35 games last season while dealing with knee injuries. The team revealed Roy has a lack of cartilage in both of his knees.

The move is expected before the season begins.