The Minnesota Timberwolves are formalizing the release of Brandon Roy, ridding themselves of the $5.3 million owed him in the 2013-14 season, league sources told Yahoo! Sports.

An announcement is expected in the near future.

After seven career knee surgeries for Roy, this is likely the end of a career once destined for greatness.

Roy's two-year contract allows for the franchise to cut him if his chronically injured knees are no longer playable. Roy played five games for the Wolves this season.

Minnesota's new general manager, Flip Saunders, inherited Roy from his predecessor, David Kahn. One of the final downfalls of Kahn's failed run as GM was the two-year, $10.4 million deal with Roy. Minnesota guaranteed Roy his $5.1 million salary in the 2012-13 season, despite little examination of his troubled knees, sources said.

Roy, 28, started the T'wolves' first five games of the 2012-13 season, but never recovered from a mid-November knee procedure.