Trail Blazers Sale To Tom Dundon Expected By March 2026

Tom Dundon, owner of the NHL's Carolina Hurricanes, is set to complete his $4.25 billion purchase of the Portland Trail Blazers by March 31, 2026, shortly before the end of the 2025-26 NBA regular season. Dundon has reached an exclusivity agreement with the estate of late owner Paul Allen, ending negotiations with other potential buyers, including Nike owner Phil Knight, who had offered $2 billion. The Blazers will remain in Portland, fulfilling the estate's desire, though the future of the Moda Center arena remains uncertain, with a lease in place through 2030 and NBA Commissioner Adam Silver indicating a new arena may be necessary. Dundon is expected to bring a strong commitment to winning and player investment, drawing on his successful turnaround of the Hurricanes, who have made the playoffs every year since his acquisition. The purchase agreement is anticipated to be signed in September 2025, after which the NBA Board of Governors will vote on the sale. Dundon's arrival is seen as a positive change for the franchise, which has missed the playoffs in recent seasons and recently traded All-Star Damian Lillard to the Milwaukee Bucks as part of a rebuild.