The Portland Trail Blazers own three first round picks this year and are willing to part ways with one of them in order to remove one of their unwanted contracts from their books, according to a source.

The Blazers have no pending free agents this offseason and face a numbers crunch with their roster in addition to a significant luxury tax payment.

The Blazers re-signed Allen Crabbe, Meyers Leonard and Maurice Harkless last offseason, while also adding Evan Turner and Festus Ezeli in free agency. The Blazers will waive Ezeli in the offseason.

The Portland Trail Blazers denied a request from the Atlanta Hawks to interview Neil Olshey for their vacant general manager job.

Olshey became general manager of the Blazers in 2012.

The Hawks are searching for a new GM after Mike Budenholzer stepped down from the job.

Olshey was identified as a primary candidate for the job by the Hawks.

In order for the Blazers to let Olshey out of his contract, they would have to receive draft and/or financial compensation from the Hawks.

Allen Crabbe will undergo surgery on Thursday to repair a stress reaction of the fifth metatarsal bone in his left foot, it was announced today by president of basketball operations Neil Olshey.

The surgery will be performed by Dr. Martin O’Malley at the Hospital for Special Surgery in New York.

In 79 games (7 starts) this season, Crabbe averaged 10.7 points (48.8% FG, 44.4% 3-PT, 84.7% FT), 2.9 rebounds and 1.2 assists.

The NBA’s second most accurate 3-point shooter at 44.4%, Crabbe posted the highest percentage from beyond the arc in franchise history by a player with 100-plus 3-pointers. 

The Blazers matched Crabbe's four-year, $75 million offer sheet with the Brooklyn Nets last offseason.

Damian Lillard and the Portland Trail Blazers won just one game against the Golden State Warriors during the past two playoffs, but he remains fully committed to the franchise.

Lillard has been one of the best point guards in the NBA throughout his career but his supporting cast has been inconsistent during his tenure with the Blazers.

Lillard spoke about the possibility of not winning a title on Twitter.

I'm willing to not win it. If I can't build it where I am. https://t.co/u6AzTx208Z

— Damian Lillard (@Dame_Lillard) May 4, 2017

teams trade guys all the time... It's not always loyalty from team to player so you can't be mad when they leave..This is the route I choose https://t.co/82WQXzLogJ

— Damian Lillard (@Dame_Lillard) May 4, 2017

Lillard cannot become a free agent until 2021.

Damian Lillard has won the 2016-17 Magic Johnson Award, which honors the player who best combines excellence on the basketball court with cooperation and dignity in dealing with the media and the public, the Professional Basketball Writers Association announced today.

Lillard helped the Trail Blazers compile a 41-41 record and earn a Western Conference playoff berth.

He finished the regular season ranked sixth in the NBA scoring, averaging 27.0 points per game. The point guard also averaged 4.9 rebounds and 5.9 assists per game.

Off the court, Lillard fostered an atmosphere of mutual respect with the media.

DeMar DeRozan of the Toronto Raptors, Paul George of the Indiana Pacers, Draymond Green of the Golden State Warriors and Paul Millsap of the Atlanta Hawks also were finalists for the award.