Here's what we know so far:
Contrary to reports from this morning, Batum has not actually signed the offer sheet. However, as best we can tell, it has been made.
The reason for this appears to be to give Portland one last chance to think about a sign-and-trade deal with a 100% guarantee that an offer sheet is doable and will get done if a trade doesn't go through. The argument that the Wolves won't actually make an offer in the end is over. Darko's gone. The paper is on the table. All it takes is Batum's signature. Glen Taylor weighed in today personally, saying "We're going to call their [Portland's] bluff." Pending a trade agreement, he stated he expects Batum to sign the offer sheet today.
As for the finances, this is what S-n-P has arrived at: by axing Darko, Miller, and Webster, you get down to about $43 million in salary:
Yeah. That just happened. Oh Portland, what a wonderful gift you gave us in this kid.