Jul 02, 2009 12:16 AM EST

Trevor Ariza is on the verge of ending his tenure with the Los Angeles Lakers.

With at least five teams pursuing Ariza, the Lakers are currently unwilling to pay him more than the $5.6 million mid-level exception.

"They're letting him go," one of the sources said.

The Rockets, Clippers, Raptors and Blazers are also showing interest in Ariza. Portland and Toronto could each offer more than the mid-level exception.

Cleveland can offer Ariza the MLE.

Via ESPN