The Phoenix Suns intend to release former Timberwolves forward Michael Beasley, according to a report on Beasley was the No. 2 overall pick in the 2008 NBA draft and spent two seasons with the Timberwolves after being acquired from Miami, which defeated him.

The ESPN report says the Suns "are planning to release Beasley in the wake of his recent arrest on suspicion of marijuana possession, sources told, and are likely to officially make the move this week. After clearing waivers, Beasley will become a free agent after averaging a career-low 10.1 points and 3.8 rebounds on 40.5 percent shooting in his lone season with Phoenix."

Phoenix signed Beasley to a three-year deal worth $18 million before the 2012-13 season.

The full ESPN report is here.

Beasley's best NBA season was in 2010-11, his first in Minnesota, when he averaged 19 points and 5 1/2 rebounds per game.