Woods will be placed on the NBA's waiver wire, allowing every team, starting with the organization with the worst record, to have an opportunity to sign him.
If he is picked up off the waiver wire, that team will take on the $551,100 remaining on his Blazers contract.
If no team takes him during the waiver process, Woods can sign with any team, after which the Blazers and the new team would have to pay him. Teams will have until Tuesday morning to select Woods off the waiver wire.
However, Blazers president Steve Patterson said the Blazers "are not paying him a cent."
"He has cost us millions in cash and tens of million in bad publicity," Patterson said. "If you can't waive a guy for breach of contract after that, I don't know when you can."
Brothers said the National Basketball Players Association will fight the Blazers' decision to suspend Woods for eight exhibition games and the first 38 regular season games. The union is seeking a settlement in which the Blazers pay Woods his entire $1.127 million this season, while the Blazers are claiming their suspension was just.
The issue will go to arbitration, but it is unknown when.
"The Trail Blazers have been making up their own rules as they go along," Brothers said. "There will be other litigation going on in the next few weeks. . . . Steve Patterson's conduct has been unacceptable."
Woods has been living in Los Angeles with Brothers since October. Brothers has been picking up his living expenses while the Blazers continued to withhold $12,525 for every game he was suspended.
Woods declined to be interviewed Friday, in part on the advice of Brothers.
"It's not appropriate for him to talk right now," Brothers said. "There is going to be other stuff happening in the next couple of weeks that people will understand when it comes out."
However, Brothers said that Woods wanted to thank the Blazers coaching staff -- particularly head coach Maurice Cheeks and assistants John Loyer, Jim Lynam and Dan Panaggio -- for periodically checking in on Woods during his suspension.