The Portland Trail Blazers have come to terms with center Greg Oden on a one-year deal, the team announced today.

The contract agreed upon today comes after both sides mutually agreed to negotiate a new deal that is independent of the qualifying offer.

"Following Greg's most recent physical examination and evaluation, we've determined that he has suffered a setback," said Trail Blazers President Larry Miller. "We're hopeful, but less confident that he will return to the court this season. We've stood by Greg from the day he was drafted and we continue to do so now with this agreement."

According to Jason Quick, Oden's setback is due to non-weight bearing ligament. Oden doesn't have any symptoms and doesn't feel restricted but there is concern with the fragility of the knee.