Western Notes: Wolves, Hyland, Dundon, Durant, Suns
Due to their proximity to the second tax apron, the Timberwolves may only carry 14 players on standard contracts to open the 2025/26 season, Jon Krawczynski of The Athletic writes. While Minnesota has checked in on several free agent guards, including Cameron Payne, Malcolm Brogdon and Landry Shamet, all signs point to Bones Hyland being the frontrunner for the 14th spot, Krawczynski reports.
Hyland signed a two-way contract with the Wolves last season, appearing in four games. As Krawczynski notes, Hyland was a former first-round pick by president of basketball operations Tim Connelly.
While breaking down the roster, Krawczynski writes that Johnny Juzang — who agreed to a training camp deal with the Wolves — is a long shot to make the cut but that Luka Garza forced his way onto the team with similar odds last year. Young players like Jaylen Clark, Rob Dillingham and Terrence Shannon Jr. are expected to have larger roles this season, Krawczynski adds.
We have more from the Western Conference:
- A group led by the NHL’s Carolina Hurricanes owner Tom Dundon reached an agreement on Wednesday to buy the Trail Blazers. That group includes Sheel Tyle, co-CEO of Collective Global who is married to Dr. Sejal Hathi, the head of Oregon Health Authority, Sean Highkin of the Rose Garden Report writes (Substack subscriber link). The group’s local connection through Tyle is one of a few reasons why it stood out among the bidders, per Highkin.
- After suggesting in a recent podcast that the Rockets might be reluctant to sign Kevin Durant to a maximum-salary extension, Tim MacMahon said on an NBA Today appearance that there isn’t any urgency to complete a multiyear agreement. MacMahon said the Rockets have other matters to attend to, including an extension for Tari Eason. “Kevin Durant is their best player, he’s not necessarily their priority,” MacMahon said. “That’s not an insult to him, their priority is making sure they have as long of a runway as possible while trying to cash in on this window that they created by getting Kevin Durant.“
- Plenty of “ifs” stand in the way of the Suns making the playoffs, Gerald Bourguet of PHNX Sports writes. While they could be a surprise team if things break the right way, Bourguet has them just on the outside looking in of the Western Conference playoff picture for next season, sitting at No. 11 in his conference power rankings. The Suns basically remade their depth after trading away Durant and waiving Bradley Beal, adding the likes of Jalen Green, Dillon Brooks and Mark Williams via trades.
Tom Dundon Reaches Tentative Deal To Buy Trail Blazers
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.