Report: Francis headed for free agency after Blazers buyout

Steve Francis' stint as a Trail Blazer will be a short one, as Portland will waive the 30-year-old guard and agree to terms on a buyout of the final two years of his contract, multiple media sources reported Wednesday.

Francis was traded to Portland from the New York Knicks along with Channing Frye in exchange for Zach Randolph, Dan Dickau and Fred Jones in a draft night trade on June 28. The Trail Blazers, according to sources that include the Washington Post and Newsday, will buy out the remaining two years of Francis' contract for almost the full price, paying more than $30 million of the $34 million owed to Francis over the next two years.

The former all-star will become a free agent after he clears waivers next week. Francis averaged a career-low 11.3 points per game in New York last season, well below his career average of 18.4 points per game.

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