Expansion/Re-Alignment

[Donoghus]

The NBA Board of Governors has unanimously approved the sale of the Portland Trail Blazers to a group led by Dallas businessman Tom Dundon, a league source told The Athletic. The deal is structured at an approximate total value of $4.25 billion.

The transaction ends the Allen family's ownership era dating to 1988. It is structured in two stages: an 80.1 percent stake closes March 31 at a $4 billion valuation, with the remaining 19.9 percent closing no later than September 1, 2028, at a $4.5 billion valuation. During the interim period, former Blazers chairman Bert Kolde will observe board meetings without governance authority.

Makes the expansion fees even weirder.

How did they get Portland so cheap?

Small TV market and an outdated arena in need of major upgrades>

[Moranis]

The NBA Board of Governors has unanimously approved the sale of the Portland Trail Blazers to a group led by Dallas businessman Tom Dundon, a league source told The Athletic. The deal is structured at an approximate total value of $4.25 billion.

The transaction ends the Allen family's ownership era dating to 1988. It is structured in two stages: an 80.1 percent stake closes March 31 at a $4 billion valuation, with the remaining 19.9 percent closing no later than September 1, 2028, at a $4.5 billion valuation. During the interim period, former Blazers chairman Bert Kolde will observe board meetings without governance authority.

Makes the expansion fees even weirder.

How did they get Portland so cheap?

Small TV market and an outdated arena in need of major upgrades>

Yeah, I'd much rather have a team in Vegas or even Seattle than Portland.

[radiohead]

The NBA Board of Governors has unanimously approved the sale of the Portland Trail Blazers to a group led by Dallas businessman Tom Dundon, a league source told The Athletic. The deal is structured at an approximate total value of $4.25 billion.

The transaction ends the Allen family's ownership era dating to 1988. It is structured in two stages: an 80.1 percent stake closes March 31 at a $4 billion valuation, with the remaining 19.9 percent closing no later than September 1, 2028, at a $4.5 billion valuation. During the interim period, former Blazers chairman Bert Kolde will observe board meetings without governance authority.

Makes the expansion fees even weirder.

How did they get Portland so cheap?

So is that 3 teams now that changed ownership this season? Boston, LAL, and now Portland.

[aefgogreen]

did the owners vote yet?

[Celtics2021]

did the owners vote yet?

They voted to start the process but there are several steps over the next year or so before it becomes something that will definitely happen.