6:30pm: Via the official Timberwolves' PR Twitter account, Roy issued a statement saying that his goal has been, and continues to be, to return to the court as healthy as possible. The Star Tribune's Jerry Zgoda (Twitter link) interprets this as Roy holding off retirement for now.
1:10pm: "All signs are pointing toward retirement" for Roy, tweets Jon Krawczynski of The Associated Press. Roy has spent the last two days deciding between hanging it up and undergoing one more medical procedure to help his knees, according to Krawczynski (Twitter link).
12:39pm: Timberwolves guard Brandon Roy has had setbacks in rehabilitation from his knee injury and his return date is now uncertain, a league source tells Adrian Wojnarowski of Yahoo Sports (on Twitter). Roy returned to Minnesota to practice before issues with knees forced him to step away again in past 48 hours.
The Wolves rolled the dice on Roy this offseason, giving him a two-year, $10.4MM deal. However, the second year of the deal is not guaranteed if Roy does not play in 65 games or log 1,400 minutes this season. Roy obviously won't reach 65 games this year and the 1,400 minute milestone is a virtual impossibility.
If the injury forces Roy to retire, the Collective Bargaining Agreement would allow for the Wolves to wipe the guard's $5.1MM salary from the books on January 9th, 60 days from the last game that Roy played. Roy is eligible for the injury exclusion as he played in less than ten games in 2012/13.