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Tom Dundon Reaches Tentative Deal To Buy Trail Blazers

August 13th, 2025 at 2:15pm CST by Luke Adams

2:15 pm: In an updated version of their Sportico report, Soshnick and Novy-Williams says the Blazers’ sale will include two separate payments — one at the closing of the sale and one at a later date. The “blended” valuation of the two payments will be roughly $4.25 billion, sources tell Sportico.

11:18 am: The Blazers will be valued at more than $4 billion in the sale, reports Shams Charania of ESPN (Twitter link).

11:01 am: A group led by billionaire Tom Dundon, the owner of the NHL’s Carolina Hurricanes, has reached a tentative agreement to buy the Trail Blazers from Paul Allen‘s estate, sources tell Scott Soshnick and Eben Novy-Williams of Sportico.

Blue Owl Capital co-president Marc Zahr and co-CEO of Collective Global Sheel Tyle are among the other investors who are part of Dundon’s group, according to Soshnick and Novy-Williams, who say the buyers intend to keep the team in Portland.

The Trail Blazers announced their plans to sell the franchise back in May. Allen, the longtime Blazers owner who purchased the franchise for $70MM in 1988, passed away on October 15, 2018, resulting in control of the team being transferred to his sister Jody Allen, the trustee and executor of his estate.

The plan following Paul Allen’s death was for ownership of the Blazers to eventually change hands as part of an estate sale, which is the process that’s playing out now. The investment bank Allen & Co. (no relation) and the law firm Hogan Lovells were selected to lead the sale of the team.

As Soshnick and Novy-Williams note, while the valuation of the Blazers in this tentative deal isn’t yet known, a trust generally has a fiduciary duty in an estate sale to maximize the value of its assets and to sell to the highest qualified bidder.

When Sportico last updated its NBA franchise valuations in December 2024, the site estimated the Blazers’ worth to be $3.6 billion. New owners have agreed to buy the Celtics ($6.1 billion valuation) and Lakers ($10 billion valuation) since then.

All estate proceeds as a result of the Blazers sale will be directed toward philanthropy, per the late Allen’s wishes.

In addition to owning the NHL’s Hurricanes, Dundon has invested heavily in pickleball — he’s the majority owner of the PPA Tour and Major League Pickleball. Dundon, who is also the chairman and managing partner of the Dallas-based investment firm Dundon Capital Partners, will serve as the Blazers’ new governor if and when the sale is officially approved by the NBA, per Sportico’s report.

League Announces 2025 NBA Cup Schedule

August 13th, 2025 at 1:32pm CST by Luke Adams

After previously announcing the dates and groups for its third annual in-season tournament, the NBA today revealed the schedule for the group play portion of the event. The group play stage of the tournament, which is formally known as the Emirates NBA Cup, will begin on October 31 and run through November 23.

The group play games will take place on five consecutive Fridays, with a handful of games also played on Tuesday, Nov. 25 and Wednesday, Nov. 26. The NBA has published its schedule by date, as well as its schedule by team.

Each Friday will feature a doubleheader on Amazon Prime, while NBC/Peacock will nationally broadcast a doubleheader on Nov. 25 and ESPN will air a tripleheader on Nov. 26. The full schedule of nationally televised NBA Cup games, starting with Celtics at Sixers and Lakers at Grizzlies on Oct. 31, can be found right here (Twitter link).

The NBA Cup quarterfinals will take place on December 9 and 10, with the semifinals to follow on Dec. 13 and the final to be played on Dec. 16. The higher-seeded teams will host the quarterfinal matchups, while the semifinals and final will take place in Las Vegas. Amazon Prime will broadcast all seven games in the knockout round.

West Group C, which includes the Nuggets, Rockets, Warriors, and Spurs, will be the most heavily featured group in nationally televised broadcasts — five of the 15 NBA Cup games on the national broadcast schedule will be matchups from that group, including three apiece for Houston and Golden State.

The Bucks, the champions of last year’s second annual in-season tournament, will be featured on Amazon in a group play game on Nov. 28 vs. the Knicks.

In addition to announcing the NBA Cup schedule, the league also revealed today that Amazon Prime’s first Friday doubleheader of the season, on October 24, will feature a pair of playoff matchups from this past spring (Twitter link). The Celtics will visit the Knicks at 7:30 pm Eastern time, with the Lakers hosting the Timberwolves at 10:00 pm ET.

The full NBA regular season schedule for 2025/26 will be announced on Thursday.

Suns Hiring Steve Clifford As Coaching Advisor

August 13th, 2025 at 12:07pm CST by Luke Adams

The Suns put out a press release on Tuesday formally announcing their team of assistants under first-year head coach Jordan Ott, but the club is making one more notable addition to its staff that wasn’t included in that announcement, according to Michael Scotto of HoopsHype (Twitter link).

Phoenix is hiring former NBA head coach Steve Clifford as a coaching advisor, sources tell Scotto.

Clifford, who will turn 64 next month, had multiple stints as the Hornets’ head coach from 2013-18 and 2022-24. He also coached the Magic from 2018-21. Overall, he compiled a regular season record of 340-461 (.424) in Charlotte and Orlando, earning four playoff appearances across 10 seasons.

Clifford also has no shortage of experience as an NBA assistant, including stints with the Knicks, Rockets, Magic, and Lakers from 2001-13. Prior to his first NBA job, he worked as a college assistant and head coach for about a decade-and-a-half.

When the Suns were in the process of filling out Ott’s staff, reporting indicated that the team was seeking a lead assistant with previous head coaching experience. Phoenix didn’t end up finding anyone who fit that bill, with Jesse Mermuys, DeMarre Carroll, and Brian Randle expected to occupy the top three front-of-bench spots under Ott.

By bringing aboard Clifford in an advisory role, the Suns are providing Ott with a more experienced confidant who can help him navigate his first year as a head coach.

Wyc Grousbeck Won’t Continue To Be Celtics’ Governor

August 12th, 2025 at 3:08pm CST by Luke Adams

3:08 pm: Chisholm and Grousbeck still intend to run the Celtics together for the next few years, according to Shelburne, who reports (via Twitter) that Grousbeck is giving up his governor title because he’ll control less than the 15% minimum stake required for the person who holds that position.

10:50 am: When the Grousbeck family agreed to sell the Celtics to William Chisholm, the stated plan was for Wyc Grousbeck to remain in his role as the team’s governor through the 2027/28 season. The expectation was that Grousbeck would give up his position when Chisholm’s group – which is initially buying a 51% stake – purchased the rest of the shares in the franchise in 2028.

However, Grousbeck will no longer retain the governor title following the first stage of the ownership transfer, sources tell ESPN’s Shams Charania and Ramona Shelburne. According to Charania and Shelburne, Chisholm will immediately become the Celtics’ new governor once his purchase of the team is approved, which is expected to happen very soon.

ESPN’s report doesn’t specify the reason for the change of plans, but it was an unorthodox approach to have Chisholm acquiring majority control of the team while keeping the team’s former majority owner in the top organizational role.

Grousbeck will continue to operate as the Celtics’ CEO and will also serve as an alternate governor once the sale is complete, per Charania and Shelburne.

This isn’t the first time in recent years that a plan to have an NBA owner remain in a prominent position in the organization after he sells the team has fallen through — Mark Cuban was reportedly expected to remain the Mavericks’ top basketball decision-maker after he sold controlling interest in his franchise to the Aldersons and Patrick Dumont, but that didn’t end up happening.

The Lakers announced a similar arrangement when Mark Walter reached an agreement to buy control of the team from the Buss family. The expectation is that Jeanie Buss will stay in her role as governor in Los Angeles for several seasons after Walter assumes control of the franchise.

Given what happened with Cuban and now Grousbeck, we’ll see if that comes to fruition, but it’s worth noting that Walter has been a minority owner in the Lakers for several years and had a preexisting relationship with the Buss family when he agreed to purchase the club, whereas the buyers and sellers in Dallas and Boston hadn’t previously worked together.

Grousbeck will step down as Boston’s governor after holding the position for over two decades. The Grousbeck family bought the Celtics in 2002 and has since helped guide the organization to a pair of championships (in 2008 and 2024). They bought the team for $360MM and sold it at a valuation of $6.1 billion.

Nuggets Sign Kessler Edwards

August 12th, 2025 at 1:32pm CST by Luke Adams

10:00 pm: The deal is official, per RealGM’s transaction log.

1:32 pm: The Nuggets and free agent forward Kessler Edwards have reached an agreement on a deal, reports Michael Scotto of HoopsHype (Twitter link).

Edwards, who turned 25 on Saturday, has appeared in at least 36 games in each of the past four seasons after being drafted 44th overall out of Pepperdine in 2021. He played some of his best basketball in the second half of 2024/25 for a Mavericks team beset by injuries.

With several key frontcourt players sidelined for Dallas, Edwards averaged 8.7 points, 4.6 rebounds, and 1.8 assists in 24.8 minutes per night with a .538/.486/.900 shooting line from February 10 to March 19. He started in 14 of 16 games during that stretch before reaching his two-way games played limit.

In total, Edwards made 40 appearances (18 starts) for the Mavs, averaging 4.2 PPG and 2.9 RPG on .496/.407/.923 shooting in 15.2 MPG. He holds career averages of 3.6 PPG and 2.2 RPG in 12.7 MPG across 178 outings for Brooklyn, Sacramento, and Dallas.

Scotto doesn’t provide any details on what sort of contract Edwards and the Nuggets have agreed to, but Vinny Benedetto of The Denver Gazette reports (via Twitter) it’s a non-guaranteed Exhibit 10 deal.

The Nuggets are carrying 14 players on guaranteed standard contracts, so there could be a path for Edwards to make the team as a 15th man, but Denver is already operating slightly over the tax line and may want to keep that spot open to start the season. Edwards is no longer eligible for a two-way contract.

NBA Reveals Opening Week, MLK Day Matchups

August 12th, 2025 at 9:09am CST by Luke Adams

The NBA unveiled a little more of its 2025/26 regular season schedule on Tuesday, two days ahead of the release of the full schedule. In addition to confirming the opening night and Christmas Day matchups previously reported by Shams Charania of ESPN, the league announced several more games from the first week of the season, along with a four-game slate for Martin Luther King Day.

Here are the games officially confirmed by the league so far (via Twitter):

Tuesday, October 21:

Houston Rockets at Oklahoma City Thunder (7:30 pm Eastern time)
Golden State Warriors at Los Angeles Lakers (10:00 pm ET)

The NBA will return to NBC and debut on Peacock on Oct. 21 with a pair of star-studded matchups. Kevin Durant will return to Oklahoma City and make his Rockets debut after the Thunder are presented with their championship rings, then Stephen Curry and the Warriors will visit LeBron James and the Lakers as James begins his record-setting 23rd NBA season.

Wednesday, October 22:

Cleveland Cavaliers at New York Knicks (7:00 pm ET)
San Antonio Spurs at Dallas Mavericks (9:30 pm ET)

ESPN’s first doubleheader of the season will feature the two teams widely expected to be the top Eastern Conference seeds in 2025/26, along with a matchup between No. 1 overall pick Cooper Flagg and No. 2 pick Dylan Harper.

According to the NBA (Twitter link), the Spurs/Mavericks game will be just the second time since 1966 that the top two picks in that year’s draft square off against one another in the first regular season contest of their careers. The only other time it happened was in 2015, when Karl-Anthony Towns‘ Timberwolves faced D’Angelo Russell‘s Lakers to open the season.

Thursday, October 23:

Oklahoma City Thunder at Indiana Pacers (7:30 pm ET)
Denver Nuggets at Golden State Warriors (10:00 pm ET)

ESPN’s second consecutive doubleheader will include a rematch of last season’s NBA Finals, followed by a showdown between three-time Most Valuable Player Nikola Jokic and two-time MVP Curry.

Monday, October 27:

Cleveland Cavaliers at Detroit Pistons (7:00 pm ET)
Denver Nuggets at Minnesota Timberwolves (9:30 pm ET)

Peacock, NBC’s streaming service, will regularly broadcast up to three games on Monday nights throughout the season. Their first Monday of the 2025/26 campaign will feature a doubleheader consisting of a Central Division battle and a Northwest matchup.

Thursday, December 25:

Cleveland Cavaliers at New York Knicks (12:00 pm ET)
San Antonio Spurs at Oklahoma City Thunder (2:30 pm ET)
Dallas Mavericks at Golden State Warriors (5:00 pm ET)
Houston Rockets at Los Angeles Lakers (8:00 pm ET)
Minnesota Timberwolves at Denver Nuggets (10:30 pm ET)

ABC and ESPN will remain the home of the NBA’s Christmas Day games, which we discussed in greater detail last Friday.

Monday, January 19:

Milwaukee Bucks at Atlanta Hawks (1:00 pm ET)
Oklahoma City Thunder at Cleveland Cavaliers (2:30 pm ET)
Dallas Mavericks at New York Knicks (5:00 pm ET)
Boston Celtics at Detroit Pistons (8:00 pm ET)

The Bucks/Hawks game on Martin Luther King Day will stream on Peacock, while the other three nationally televised MLK Day contests will also be available on NBC. Whereas the NBA’s Christmas Day features eight Western Conference teams and just two Eastern Conference clubs, the MLK Day slate goes the other way, with six of eight teams from the East.

In total, half of the league’s 30 teams are featured in this series of marquee nationally televised games. Notable omissions – based on projected record, star power, and/or market – include the Clippers, Grizzlies, Suns, and Pelicans in the West and the Sixers, Heat, Magic, and Bulls in the East.

NBA To Announce Regular Season Schedule On Thursday

August 11th, 2025 at 9:32am CST by Luke Adams

The NBA will unveil its full schedule for the 2025/26 regular season on Thursday (August 14), according to an announcement from the league (Twitter link).

The NBA typically leaks several marquee games during the week before its full schedule announcement, and that trend has continued this August.

Shams Charania of ESPN reported on Friday that the opening night schedule this fall will consist of Rockets at Thunder and Warriors at Lakers. He also confirmed the five Christmas Day games, which feature four Western Conference showdowns and just a single Eastern Conference matchup.

The league also indicated today that it will provide a sneak peek at a few more notable matchups on Tuesday during Good Morning America (ABC) and The Today Show (NBC). Those games announced on Tuesday will all be airing on ESPN/ABC or NBC/Peacock.

A year ago, the NBA also put out the full schedule for the Emirates NBA Cup a couple days before the rest of the regular season slate was revealed. It’s unclear if that’s the plan again this time around, but if so, that NBA Cup schedule should be released within the next 24-to-48 hours.

Bulls Offered Giddey $80MM Deal At Start Of Free Agency

August 11th, 2025 at 7:43am CST by Luke Adams

The Bulls made guard Josh Giddey a four-year contract offer worth $80MM when free agency began on June 30, league sources tell Jake Fischer of The Stein Line (Substack link).

Multiple reports dating back to last October have indicated that Giddey’s asking price is in the range of $30MM per year, so Chicago’s offer fell well short of that benchmark.

While the two sides have had nearly a month-and-a-half since free agency opened to try to bridge the gap, the Bulls have been “anchored” in the neighborhood of $20MM annually since making that initial offer, Fischer writes.

As a restricted free agent, Giddey can’t sign outright with another team, but he has drawn sign-and-trade interest from a handful of Eastern Conference teams, according to Fischer, who reiterates that the Warriors also have genuine interest in the 22-year-old, as he previously reported.

However, Fischer acknowledges that there doesn’t appear to be a “feasible pathway” to a trade that gets Giddey to Golden State, and the other teams with interest in the former sixth overall pick also haven’t made any headway. The Bulls have “messaged for some time” that they’re not looking to seriously engage in sign-and-trade discussions about Giddey, says Fischer.

Giddey got off to a slow start in his first season as a Bull after being acquired from Oklahoma City in exchange for Alex Caruso, but finished strong, particularly after the team traded Zach LaVine to Sacramento. Between the start of February and the end of the regular season, Giddey averaged 20.2 points, 9.5 rebounds, and 8.1 assists per game with a shooting line of .491/.451/.801 across 25 outings.

As we noted last week when we outlined the key dates and deadlines for restricted free agents, there are no deadlines on tap in August or September. RFAs have until October 1 to decide whether or not to accept their one-year qualifying offers (Giddey’s is worth $11.1MM), though that deadline can be pushed back if the team and player work out an agreement.

While it’s rare for so many top restricted free agents to remain unsigned this late in the offseason, it’s not uncommon for one or two RFA standoffs to extend well into the summer. A year ago, Isaac Okoro eventually re-signed with the Cavaliers on September 17; two years ago, P.J. Washington re-signed with the Hornets on August 29; three years ago, Collin Sexton and Jordan Nwora didn’t resolve their restricted free agencies until September.

Celtics Sign Chris Boucher On One-Year Deal

August 10th, 2025 at 7:24pm CST by Dana Gauruder

August 10: Boucher has officially signed with the Celtics, according to a press release from the team.

August 5: The Celtics are signing free agent forward Chris Boucher on a one-year, minimum-salary contract, ESPN’s Shams Charania reports (via Twitter).

Boston opened up a frontcourt spot for Boucher by agreeing to trade Georges Niang to Utah on Tuesday. Boucher will compete for minutes at both the power forward and center spots for the Celtics, who have been busy shedding salary and revamping their roster throughout the offseason.

Save for one cameo appearance with Golden State in 2017/18, Boucher has spent his entire career with the Raptors. Boucher has played in Toronto for the past seven seasons, winning a title in 2019 and appearing in 406 games, primarily off the bench (23 total starts).

He has averaged 8.9 points and 5.1 rebounds in 17.7 minutes during his NBA career while shooting 48.8 percent overall and 33.9 percent beyond the three-point arc.

Boucher, 32, saw action in 50 games last season, averaging 10.0 points and 4.5 rebounds in 17.2 minutes. He didn’t appear in a game after Feb. 26 as the Raptors decided to essentially shut down the veteran big man and take a long look at their younger players.

Boucher was the last remaining player from the Raptors’ championship club. He holds the all-time franchise records as a reserve for points, rebounds, blocks, minutes and games played.

Toronto held Boucher’s Bird rights and reportedly was interested in re-signing him but that didn’t come to fruition. He’ll now join an Atlantic Division rival.

As an eight-year veteran, Boucher will earn $3,287,409 on his minimum-salary deal while the Celtics carry a cap hit of $2,296,274.

Nets Not Making Aggressive Offers To RFA Cam Thomas

August 10th, 2025 at 1:43pm CST by Dana Gauruder

The Nets have not made an aggressive effort to sign restricted free agent Cam Thomas on a long-term deal, reports Jake Fischer of The Stein Line (Substack link).

Thomas, who is entering his fifth NBA season, has posted some big offensive numbers the past two seasons. He averaged 22.5 points per game in 66 outings during the 2023/24 season and 24 PPG last season. However, he only made 25 appearances in ’24/25 due to persistent hamstring issues.

Thomas is more of a scorer than a shooter and has other holes in his game, which has limited his market in sign-and-trade scenarios. In a recent story from The Athletic, 16 NBA executives were polled regarding current prominent RFAs. Josh Giddey, Jonathan Kuminga and Quentin Grimes were considered more valuable than Thomas. Whereas 15 of the 16 respondents proposed contracts of at least three years for each of Kuminga, Giddey and Grimes, only eight did the same for Thomas.

Fischer writes that Thomas might be the most likely of those RFAs to accept his $5.9MM qualifying offer and become an unrestricted free agent next summer.

Last month, Fischer reported that Brooklyn had not offered Thomas anything further than a two-year deal with a team option worth roughly the amount of the non-taxpayer mid-level exception ($14.1MM). Thomas is believed to be seeking a contract of at least $20MM annually.

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