After a sordid back-and-forth affair, Batum will remain in Portland and the Timberwolves are dissapointed that they were unable to find a way to retain his services.
Here is the team's official statement via the club's official public relations twitter account:
David Kahn statement: "We are disappointed that Nicolas Batum will not be on our team and wish him the best in the future, however, we were prepared for the possibility of this outcome and will move forward with our other plans. We are positioned well from a salary cap standpoint and will continue to explore additional roster moves. We are confident that we will make the necessary transactions to improve our team for the coming season and beyond."