On Wednesday afternoon, Jason Quick, the Senior reporter for the The Oregonian, tweeted that the Portland Trail Blazers will be matching the offersheet submitted by the Minnesota Timberwolves for guard Nicolas Batum.

It was largely expected that the Blazers would plan to match, but at a time it appeared as though the two teams may be able to work out a deal. However, with indecision from Portland in trade talks and the inability to find a third team to complete a group trade, Minnesota's last hope was that the Blazers wouldn't match the offersheet.

Now, with Blazers general manager Neil Olshey scheduled to meet with the assembled media, it appears as though Batum will be remaining in Portland.

So it's all but official: Nicolas Batum is staying with Blazers, who will match Minnesota offer. Olshey to address media in Vegas at 2:15

— Jason Quick (@jwquick) July 18, 2012

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