Greg Oden will become a restricted free agent on July 1, which means the Blazers will have the upperhand in resigning the former No. 1 overall draft pick who's brief NBA career has been marred by injuries and surgeries.

It's common for teams to delay extending qualifying offers until the deadline nears, so it was not a big shock that the Blazers did not make a move Monday. Even Oden's camp did not expect it.

"I'm sure they're going to hold off doing anything until the end," said Mike Conley, Oden's agent.

If the Blazers tender Oden, there are several ways they can retain him. They can sit back and gauge what the free agent market will be for the talented but injury-plagued 7-foot center and match any offer Oden receives. If interest is minimal, they can simply sign him to the one-year $8.8 million deal.

They can also offer and sign Oden to a multiyear contract, gambling that the player who has played in just 82 games and endured three knee surgeries during his four-year career is destined for a long and healthy return. Oden, it seems, is open to a long-term return to Portland.

"That would be fantastic," Conley said of a multiyear deal. "We would definitely be excited about that."