Michael Beasley is on track to be released by the Phoenix Suns this week, according to sources.
The Suns will likely announce the move by the end of the week.
Beasley will become a free agent after averaging a career-low 10.1 points and 3.8 rebounds on 40.5-percent shooting in his lone season with Phoenix. He was recently arrested on suspicion of marijuana possession.
By waiting until after Sept. 1 to waive Beasley, Phoenix can pay out the $6 million owed to the 24-year-old forward in 2013-14 on the NBA's standard pay schedule and then stretch the remaining $3 million guaranteed on Beasley's deal in 2014-15 over multiple seasons.
Ryan McDonough is said to be eager to move Beasley out.
Via Marc Stein/ESPN