When the Trail Blazers first announced their plans to sell the franchise in May, they stated that the process was expected to extend into the 2025/26 season, so it came as a bit of a surprise when word broke last Wednesday that a buyer had been found.
However, the sale of the team to a group headed by Tom Dundon isn’t expected to become official in the short term. According to Jason Quick of The Athletic, a target date of March 31, 2026 has been set for the closing of the deal.
As Quick outlines, Dundon and his group of investors have reached an exclusivity agreement with the late Paul Allen‘s estate, which means that the estate is no longer permitted to negotiate with other potential buyers. The two sides are continue to discuss certain terms of the sale, but all major points have been agreed upon and the buyers hope to sign a purchase agreement next month, a source close to Dundon tells Quick.
While a seven-month timeline to complete the sale of the team would be longer than average, it typically takes a few months from the time a tentative agreement is reached for a new ownership group to completely close its sale. For instance, it was reported on March 20 that William Chisholm had struck a deal to buy the Celtics; that deal was approved by the NBA’s Board of Governors last week, with the team confirming the closing of the sale this Tuesday.
The valuation of the Blazers in the sale is estimated to be $4.25 billion, and the plan is to keep the team in Oregon. The future of Moda Center remains up in the air, however. As Quick writes, the team has a lease agreement in place to continue playing at the arena until at least 2030, but commissioner Adam Silver has said a new building will likely be necessary.
“Nothing about the arena is a deal breaker on its own,” Quick’s source said. “It’s lots of little things that add up.”
Regardless of what happens with the arena, Blazers fans should be enthusiastic about how the change in ownership will impact the franchise, that source close to Dundon tells The Athletic.
“He brings a swagger,” the source said of Dundon. “If Tom was the owner last year, he would have been trying to get Luka (Doncic). He would be like, ‘Why should the Lakers have him?'”
Although Wall told Lee in a recent phone interview that he still felt like he has “a lot left in my tank” as a player and was disappointed he didn’t get another opportunity on the court, he’s looking forward to staying involved in the NBA by sharing his insights with fans on Prime Video beginning this fall.
“Since his return to the Pacers in 2021, Coach Carlisle has been integral to our success, which includes leading us to consecutive Eastern Conference Finals appearances and our first NBA Finals appearance in 25 years,” president of basketball operations Kevin Pritchard said in a statement. “Beyond his coaching achievements that rank him among the best in NBA history, Coach Carlisle continues to embrace our community and give back to the state of Indiana with his Drive and Dish program. We are thrilled to have him continue leading our team and representing our organization well into the future.”
July 17: The Hawks and
Utah made Tshiebwe a restricted free agent in June by issuing him a two-way qualifying offer. It’s possible he simply accepted that offer, which is the equivalent of a one-year, two-way contract with a partial guarantee worth $85,300.
“I’ve been chasing a ball since I could barely walk. Driveways, parks, packed gyms, 5:00 am workouts,” Wall said over a video montage of his career highlights. “I gave this game everything I had, from Raleigh to Kentucky to the league. Every jersey I’ve worn meant more than just wins and stats. It was about representing something bigger, and it’s something I couldn’t do without you.
“I gave it my heart,” Belinelli wrote. “Every piece of me. Every single day. Basketball gave me everything… and I gave it everything I had. Saying goodbye isn’t easy. But it’s time. I carry with me every emotion, every sacrifice, every cheer. Thank you to those who always believed. To the next generation—I leave a dream. Make it count.”
2:08 pm: Big man
In a