The Minnesota Timberwolves plan to amnesty center Darko Milicic in order to give an offer sheet to Portland Trail Blazers restricted free agent Nicolas Batum, a league source says.

Milicic has two years and $10 million remaining on his contract but only $7 million is guaranteed.

The Timberwolves were in talks to trade for Batum, offering two first-round picks and acquiring Kyle Korver from the Bulls in exchange for a second-round pick, a league source said. But the teams were not able to agree to a trade.

via Ric Bucher of ESPN The Magazine