Jody Allen Rumors | Hoops Rumors

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.

Trail Blazers Notes: Grant, Allen, Arena

August 4th, 2025 at 9:50pm CST by Dana Gauruder

With an apparent traction on a Jerami Grant trade, there’s a real chance the veteran forward will have to settle for a second-unit role with the Trail Blazers, Sean Highkin of The Rose Garden Report writes in his latest mailbag (subscription required). Grant would be one of the most expensive reserves in the league — he’s entering the third season of a five-year, $160MM contract that includes a player option.

Highkin notes it would be tough to justify having Deni Avdija or Toumani Camara come off the bench, considering they were the team’s best players last season. Grant’s best option would be to rebuild his value after a subpar season and make it easier for the Blazers to trade him to a team that may want him as a starter.

Here’s more on the Trail Blazers:

Jody Allen is running the team, though technically she’s not the owner, Bruce Schoenfeld of Sportico writes in an in-depth feature. She is the executor of Paul Allen’s estate and the sole trustee of his assets and is required by the terms of her brother’s will to eventually sell the team. While the Blazers announced in May that the franchise is for sale, Jody Allen doesn’t appear to be in any hurry to do so or to find out exactly how much the franchise is currently worth. Keeping the team in Portland is assumed to be a condition when the team is sold.
The lease on the Moda Center expires in 2030 and Highkin speculates that the future ownership group will pressure the state for money to build a new arena. NBA commissioner Adam Silver said recently that “One of the factors there is that the city of Portland likely needs a new arena, so that will be part of the challenge for any new ownership group coming in.” Oregon Governor Tina Kotek and Portland Mayor Keith Wilson issued a joint open letter to Silver, suggesting instead that major renovations to Moda Center would suffice.
In case you missed it, Damian Lillard will be the GM for Weber State’s men’s basketball program. Get the details here.

Phil Knight Won’t Be Bidding On Trail Blazers

May 14th, 2025 at 2:51pm CST by Luke Adams

Despite making efforts in the past to buy the Trail Blazers, Nike co-founder Phil Knight said on Wednesday that he won’t be involved in the bidding process now that the franchise is formally up for sale.

“Five years ago, when I was a younger man, I had a great interest in being a part of the Portland Trail Blazers franchise,” Knight said in a statement, per Mike Vorkunov of The Athletic (Twitter link). “However, at my current age, I can confirm that I no longer have interest.”

Knight, formerly the chairman and CEO of Nike, is now the chairman emeritus of the company at age 87. A native of Portland, he has an estimated net worth of over $30 billion, per Forbes.

Knight teamed up with Los Angeles Dodgers co-owner Alan Smolinisky in 2022 in an effort to buy the Trail Blazers from late owner Paul Allen‘s estate, which was being overseen by his sister Jody Allen. She stated at the time that the franchise wasn’t for sale.

According to Sean Highkin of Rose Garden Report (Twitter links), it’s unclear whether Vulcan LLC – the ownership group that controls the Blazers – would have wanted to sell to Knight even if he still had interest in bidding. As Highkin explains, the group believes Knight planted Jody Allen hit pieces in the New York Post and Wall Street Journal after his offer for the team was turned down.

Potential bidders for the Blazers haven’t yet been identified, but Highkin wrote in his story on the sale (Substack link) that Allen’s estate expects a “competitive group.”

As Highkin details in that story, resolution on the future of the Moda Center likely won’t occur until after the sale of the franchise is complete. The city of Portland and the Blazers agreed last year to a five-year bridge extension for the team’s lease on the arena, which runs through 2030. That extension was designed to give them time to negotiate a longer-term deal.

Trail Blazers Announce Plans To Sell Franchise

May 13th, 2025 at 12:15pm CST by Luke Adams

The Trail Blazers have begun the process of selling the franchise, the team announced today (via Twitter).

According to the club’s statement, the estate of late Blazers owner Paul Allen has chosen the investment bank Allen & Co. and the law firm Hogan Lovells to lead the sale process, which is expected to continue into the 2025/26 season.

Allen passed away on October 15, 2018, resulting in control of the franchise 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.

Jody Allen stated in 2022 that there was “no preordained timeline” for the Blazers to be sold, noting that “estates of this size and complexity can take 10 to 20 years to wind down.” Nearly three years later, the sale process has finally gotten underway.

When Sportico published its most recent NBA franchise valuations in late 2024, the Blazers were estimated to be worth $3.6 billion, ranking 23rd among the league’s 30 teams. The Celtics have since reached a tentative sale agreement for a record valuation of $6.1 billion, which may help bump the Blazers’ eventual price tag beyond that $3.6 billion projection.

Nike co-founder Phil Knight and Los Angeles Dodgers minority owner Alan Smolinisky made offers for the franchise in the past, but were turned down by Jody Allen in 2022 and again in 2023.

According to the Blazers, all estate proceeds as a result of the sale will be directed toward philanthropy, per Paul Allen’s wishes.

The news doesn’t affect the NFL’s Seattle Seahawks, who are also controlled by Allen’s estate and aren’t up for sale at this time.

Northwest Notes: Blazers’ Draft Options, Wolves’ Workouts, Adelman

June 12th, 2024 at 11:00pm CST by Arthur Hill

With the draft just two weeks away, there’s no consensus on which players the Trail Blazers might land with the seventh and 14th picks, writes Sean Highkin of Rose Garden Report. He examines several mock drafts and notes they have varied widely on Portland’s selections since last month’s lottery.

With a talented backcourt already in place in Portland, Highkin believes the only certainty is that the Blazers won’t take a guard with their first choice. That would eliminate Kentucky’s Reed Sheppard and Rob Dillingham, along with Serbia’s Nikola Topic. However, if a recent ACL injury causes Topic to slide down to the end of the lottery, Highkin thinks Portland might be interested.

UConn center Donovan Clingan is a popular projection to the Blazers in recent mock drafts, but there’s also a chance he could be taken in the top three. Highkin doesn’t expect Portland to trade up for Clingan or any other prospect because there’s a strong chance the team can get a player it likes by staying at No. 7.

Highkin observes that the Blazers’ front office typically focuses on potential upside rather than looking for a player with a high floor. He hears Tennessee’s Dalton Knecht had a strong showing when he worked out in Portland.

There’s more from the Northwest Division:

The Trail Blazers are planning to upgrade and expand their practice facility, Highkin adds in a separate story. In February, the team advanced the project by spending $4.6MM to buy a plot of land next to the current facility. The move suggests that owner Jody Allen is in no hurry to sell the franchise, Highkin states.
The Timberwolves hosted Texas’ Dylan Disu, Stanford’s Spencer Jones, Serbia’s Bogoljub Markovic, Kentucky’s Antonio Reeves, UConn’s Cam Spencer, and Clemson’s PJ Hall for a pre-draft workout on Wednesday, the team announced (via Twitter). A Sunday workout brought in Utah’s Branden Carlson, Minnesota’s Cam Christie, Serbia’s Nikola Djurisic, Marquette’s Oso Ighodaro, Weber State’s Dillon Jones, and UConn’s Tristen Newton (Twitter link).
Bennett Durando of The Denver Post questions why Nuggets assistant David Adelman isn’t getting more consideration from teams that are looking for head coaches. Sources confirmed to Durando that Adelman interviewed this year with the Hornets, Cavaliers and Lakers, but he hasn’t been reported as among the frontrunners for any of those jobs. The Nuggets believe it’s just a matter of time before Adelman gets an opportunity, Durando adds.

Northwest Notes: Conley, George, Blazers, Nuggets

February 23rd, 2024 at 10:43pm CST by Rory Maher

Timberwolves point guard Mike Conley will earn $9,975,962 in 2024/25 followed by $10,774,038 in ’25/26 as part of his new two-year extension, per ESPN’s Bobby Marks (Twitter link). It’s a straight two-year contract with no options, and Conley can’t be traded for six months due to the 8% raise in year two of the extension, Marks adds.

Appearing on NBA Countdown, ESPN’s Adrian Wojnarowski said (Twitter video link) Conley initially wasn’t thrilled that Utah sent him to Minnesota at last year’s deadline, having instead hoped to land with the Lakers or Clippers. However, he and his family now love the area and he was enthusiastic about staying with the Wolves.

In a story for ESPN.com, Kevin Pelton writes that Conley’s extension looks like a win for the Wolves on the court and off, even though they’re almost certain to be a second apron team in 2024/25. Pelton says the No. 1 seed in the West is well worth spending money on. Minnesota has only paid the tax once in franchise history, but Marc Lore and Alex Rodriguez are set to become majority stakeholders next season.

Pelton also examines Minnesota’s free agents this summer and ways in which the team could trim payroll, which seems unlikely barring an unforeseen development.

Here’s more from the Northwest:

Jazz guard Keyonte George, the 16th pick of last year’s draft, spent the summer watching all 82 of Utah’s games from 2022/23 to prepare for his rookie campaign, he tells Krysten Peek of Yahoo Sports. “I watched as much film as I could just so I knew what my role was going to be coming in,” George said. “I knew Mike (Conley) was gone, so I just had to go into a new situation, trying to be a lead guard, and I was trying to speed up the process. My main goal was to be effective as soon as possible so I wanted to put myself in a position to be knowledgeable and not think about what I was doing in a new system and just play.” Known as more of scorer coming out of Baylor, George knew facilitating would be key to NBA minutes. He says he continues to study other players to gain an edge. “As the year has gone on, I’ve felt way more comfortable and my shot is starting to fall,” George added. “Definitely the game is slowing down for me. I’ve been watching games around the league and seeing how other guards get to their spots and just trying to figure out my spots and my shot selection.”
The Trail Blazers have reached a five-year “bridge agreement” with the city of Portland that will keep the team in the Moda Center through at least 2030, with the current lease expiring in 2025, per Aaron Fentress of The Oregonian. The Blazers own the arena but the city leases the land. President of business operations Dewayne Hankins said the move will keep the team in Portland and owner Jody Allen has instructed the Blazers to get a long-term deal done with the city.
The Nuggets are 25-8 with all five starters active but just 12-11 when at least one player from the group is unavailable. With that in mind, head coach Michael Malone says he’s more focused on repeating as NBA champions instead of angling for the West’s top seed, as Bennett Durando of The Denver Post writes. “For me, (the top seed) is not a top one or two priority, to be very honest,” Malone said. “We talked about that with our team today. The good thing is Minnesota is No. 1. We play them three more times. We’re three games out (of first place). So we have avenues to become the No. 1 team. It’s definitely attainable. But I don’t want to win that battle and lose the bigger war. … I think having home court in the first round is very, very important. I think having a healthy team going into the postseason is very important. And if we happen to be the No. 1 seed, that’s just a cherry on top. But we’re not gonna put all our cards in just to attain that and to risk being healthy for a very deep playoff run.”

Silver Discusses Player Participation Policy, In-Season Tournament, More

September 13th, 2023 at 8:43pm CST by Arthur Hill

The NBA’s new Player Participation Policy is designed to create the best possible product for the fans, commissioner Adam Silver told reporters, including Steve Aschburner of NBA.com, at a press conference Wednesday.

The guidelines, which were approved on Wednesday by the Board of Governors, were pursued by “everyone in the league,” Silver said. That includes owners, management, coaches, the NBPA and some individual players. They’re focused on producing a better experience for paying customers at the arenas and more reliability for media rights holders.

“This is ultimately about the fans,” Silver said. “And that we’ve taken this (load management) too far. This is an acknowledgment that it has gotten away from us a bit.”

Silver has been working for years to overcome the problem of the league’s best players appearing in fewer and fewer games. Under the PPP, teams will be subject to hefty fines if they violate the policy by giving excess rest to their stars, who are defined as anyone who has made an All-Star or All-NBA team during the previous three seasons.

“That doesn’t mean we were turning the clock back, that players are expected to play through injuries or that players never need rest,” Silver said. “But there’s a statement of a principle in this league that, if you’re a healthy player, you’re going to play.”

There’s more from Silver’s press conference:

The commissioner acknowledged that the new in-season tournament, which will debut this fall, may take a while to resonate, Aschburner adds. Silver added the league is committed to a long-term approach with the event. “It’s a multi-season issue, to the extent we’re looking to create a new tradition,” he said. “… If we’re seeing early indications of success, we’re going to see a little ratcheted-up intensity.”
Silver repeated his distaste for trade demands like the ones issued this summer by Damian Lillard and James Harden, per Ira Winderman of The Sun Sentinel. Although the Trail Blazers and Sixers haven’t made much progress on moving their unhappy stars, Silver doesn’t believe the public declarations are good for the league. “In terms of trade demands, of course, don’t like them,” Silver said. “As a league, want players and teams to honor their contracts. And I’m watching both the situation in Portland and Philadelphia, and hope they get worked out to the satisfaction of everyone before the season starts. And I’m glad that things seem to have settled down somewhat, at least in terms of public discourse.”
Silver said the league won’t do anything to force the sale of the Trail Blazers, relays TV station KGW8. When Paul Allen died in 2018, his will stipulated that the parts of his estate, including the NBA team, must be sold. However, Silver complimented Paul’s sister, Jody Allen, for running the team in “a first-class manner.”

Trail Blazers Notes: Henderson, Draft, Billups, Lillard

July 15th, 2023 at 6:21pm CST by Arthur Hill

Scoot Henderson‘s role in the Trail Blazers’ backcourt will be vastly different if Damian Lillard gets traded, but the former G League Ignite star plans to approach his rookie season the same way no matter what happens. In an interview with Kevin O’Connor of The Ringer, Henderson said he’s grateful for the advice Lillard has offered so far and he’s not watching the internet to check the status of trade talks.

“If he leaves, I’m going to just embrace that,” Henderson said. “I’m going to embrace being the point guard for the team. And that comes with practice. I don’t have my spot guaranteed; I know that. My goal is to get better every day at practice and get better game by game.”

Midway through the interview, members of the Hornets walked past and Brandon Miller stopped to ask Henderson about the shoulder injury he suffered in his first Summer League game. O’Connor questioned Henderson about why Miller was drafted ahead of him and whether sliding to No. 3 will provide any extra incentive.

“If I was the no. 1 pick I’d still feel the edge,” Henderson replied. “So just making sure everybody knows that that’s how I’m coming, and I’m coming up with a fiery edge for myself no matter where I went. I would’ve had the same edge if I went 1. My main focus is basketball and being the greatest version of myself. So, whether I was 1, 2, 50, I would still have that edge.”

There’s more on the Blazers:

Henderson made an extremely strong impression on rival teams with his Summer League performance, even though it was limited to 21 minutes, according to Chris Mannix of Sports Illustrated. Mannix said a couple representatives from other teams suggested that even the Spurs might eventually regret passing on Henderson to take Victor Wembanyama.
Portland coach Chauncey Billups admitted that Lillard’s trade request has brought a level of chaos to the summer, Mannix adds. Billups stated that he understands that Lillard needs to make the best decision for his career, and he complimented general manager Joe Cronin for how he has handled the situation. “You can’t control fate. So we’ll see how it plays,” Billups said. “But for me as a coach, there’s a lot of other guys on the team that I have to coach and that I have to be here for, that I have to mentor, I have to teach, and I want us to just continue to move forward, however we do that.”
Lillard posted an Instagram message Friday night to try to calm a social media controversy, per Larry Brown Sports. Lillard recently liked a tweet calling for Nike founder Phil Knight to buy the team from Jody Allen and convince Lillard to change his mind about being traded. On Instagram, Lillard called the incident a “mishap” and said he didn’t intend to disrespect Allen.

Northwest Notes: Lillard, Knight, Williams, Wojciechowski

June 8th, 2023 at 7:19pm CST by Alex Kirschenbaum

After Trail Blazers point guard Damian Lillard floated a few destinations that would hypothetically appeal to him if he were to ask for a trade, his longtime backcourt mate CJ McCollum spoke with ESPN’s Alan Hahn, Zach Lowe and Jay Williams on “Get Up” about what he considers the best future trajectory for the Portland All-Star (YouTube video link).

McCollum, now with the Pelicans, believes the Heat would have the edge if Lillard were to request a trade, but says the Nets might also be an appealing fit for his former teammate.

“I’m going to preface this by saying Dame is my guy and I know he wants to be in Portland,” McCollum said. “He’s always talking about his affinity for bringing a championship to Portland… The obvious answer here is that if something (i.e. a trade) were to occur… Miami’s in the Finals right now, right? They have great culture, they have obviously (head coach) Erik Spoelstra, they have a young core… they have a need for what he brings to the table.”

There’s more out of the Northwest Division:

Current Trail Blazers owner Jody Allen has turned down a second proposal by Nike head honcho Phil Knight and Dodgers minority owner Alan Smolinsky to purchase the team. Bill Oram of The Oregonian writes that Knight, a unique fixture in the Portland sports world, would represent a worthy successor to Allen’s late brother Paul Allen, known for his passion about the Trail Blazers and his NFL franchise, the Seattle Seahawks.
Thunder rookie swingman Jalen Williams intends to play in this year’s Summer League, per Daniel Bell of BSO (Twitter link). The All-Rookie First Teamer enjoyed a standout inaugural NBA season, averaging 14.1 PPG on .521/.356/.812 shooting splits, along with 4.5 RPG, 3.3 APG, and 1.4 SPG across 75 contests.
Former Marquette head coach Steve Wojciechowski is looking forward to his new pro ball opportunity, serving as the head coach of the Jazz‘s NBAGL affiliate, the Salt Lake City Stars, per Eric Walden of The Salt Lake Tribune. “I’ve spent two years in Park City, and during those two years, the Jazz organization — Justin (Zanik) and Danny (Ainge) and those guys, and (former head coach Quin Snyder), who’s a good friend of mine — were very generous with allowing me to observe and watch them work,” Wojciechowski said. “I want to do a great job of creating a culture that mirrors the Jazz (on the Stars).”

Jody Allen Shuns Second Bid For Blazers From Knight, Smolinsky

June 4th, 2023 at 1:02pm CST by Alex Kirschenbaum

Trail Blazers owner Jody Allen has been tasked with selling off most of the assets of her late brother Paul Allen and donating the money to charitable causes, but she has been reticent to offload the NBA franchise just yet.

According to Rachel Bachman of The Wall Street Journal, Nike CEO Phil Knight and Dodgers minority owner Alan Smolinsky recently made a follow-up offer to buy the franchise from Allen, a year after their initial $2 billion offer was rejected. Though Bachman does not indicate a dollar amount, she notes that Knight and Smolinsky increased their bid to keep up with the rise in sports team valuations.

“As Jody said publicly last year, the sports teams are not for sale,” Jason J. Hunke, spokesman for Paul and Jody Allen’s umbrella company Vulcan, said. Jody also inherited the NFL’s Seattle Seahawks from her brother. “That will eventually change pursuant to Paul’s wishes, but there is no preordained timeline for when that will happen. Interested parties can engage when we establish a sales process at some point in the future.”

According to Hunke, Allen’s estate team “balances an overall strategy for asset disposition with driving the best possible sales process and outcome for each individual asset and asset class. There are many different asset classes being managed to that end.”

It appears that it could take 10-to-20 years to fully resolve the estate and establish a sale for the Trail Blazers and Seahawks, with Hunke calling that “a fair and accurate time frame.” The two clubs are worth an estimated $6.6 billion, per Bachman.

Bachman consulted with several lawyers familiar with complex estate sales. Many disputed such a lengthy window as being necessary.

“You would almost have to intentionally slow-walk it,” said Allan Cutrow, a partner at Mitchell Silberberg & Knupp LLP. “They don’t have to accept (Knight and Smolinsky’s offer), and they may not even have to negotiate it… But at the very least, you would think, barring something else in the (estate) document, that they would reach out to an investment banker and they have some duty to market this and get the best possible value.”

“[The] concept that a complex estate takes 10 to 20 years to be fully sorted out, that would be very unusual,” Andrew Mayoras, a trust and estate litigation attorney, said.

Bachman writes that the 30-year ground lease of the Trail Blazers’ current home arena, the Moda Center, will expire in 2025, and Allen could opt to leverage public funding for improvements. Bachman notes that, at least judging by language she shared in a recent email, it does not appear that Allen is looking to offload the team any time soon.

“As chair, my focus is building championship teams and managing the franchises for the long-term,” Allen wrote in an email to Bachman. “Today, I work regularly with the GMs, presidents, and coaches on significant sports, business, and organization decisions and have final say on strategic moves such as key hires, trades, and player extensions.”

Knight, worth over $40 billion, is hoping that a sale to him and Smolinsky will keep the team in Portland for the long haul.

Even while fielding oft-injured All-Star point guard Damian Lillard, the Trail Blazers have missed out on the playoffs in back-to-back years. They sport a cumulative record of 60-104 across the past two seasons. The club has the third pick in the upcoming draft, which could be used to either draft a promising young cornerstone or to acquire an impact player via trade.