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The Trail Blazers have begun the process of selling the franchise, the team announced Tuesday.
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.
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Celtics' sale comes with significant and surprising twists
The sale of the Celtics to an investor group led by William Chisholm has received unanimous approval from the NBA’s Board of Governors, the league announced. The results of the vote were never really in doubt, but it’s significant that there was no opposition to Chisholm’s purchase. The league states that the deal is expected to be finalized soon. Chisholm, a Massachusetts native and lifelong Celtics fan, reached a tentative agreement in March to purchase the franchise for $6.1 billion, which set a record at the time as the largest amount ever paid for a North American sports team. That number has since been exceeded by the sale of the Lakers for $10 billion. Chisholm submitted the highest offer among four groups that were bidding for the team. According to Brian Robb of MassLive, his other stakeholders include Aditya Mittal, Robert Hale and Bruce A. Beal Jr., along with Sixth Street, a private investment firm. Chisholm’s group will obtain a 51% stake in the team from the Grousbeck family in the first phase of the sale and will purchase the remaining shares in 2028. When the sale was first announced, Wyc Grousbeck intended to remain in his role as the team’s governor through the 2027-28 season. However, in a surprising twist, a report on Tuesday indicates that’s no longer possible because Grousbeck will control less than the 15% minimum stake that the NBA requires for the person who holds that position. Instead, Chisholm will become lead governor as soon as the sale is official with Grousbeck serving as alternate governor and CEO through the 2027-28 season. Chisholm will take over the Celtics during a time of transition after years of being one of the NBA’s elite teams. Jayson Tatum‘s Achilles injury coupled with a second-round playoff exit have placed an emphasis on cost-cutting measures to lower the team’s tax bill and escape second-apron restrictions. Jrue Holiday, Kristaps Porzingis and Luke Kornet are already gone from last year’s roster, and more money-saving moves may take place before the new season begins.
Dolphins humiliated by Lions at joint practice
Joint practices have revealed some problems for the Miami Dolphins with a few weeks to go before the regular season. Tua Tagovailoa started against the Chicago Bears in Sunday's preseason game, wanting to show improvement after having a bad showing during the Dolphins' joint practice in Chicago on Friday. Tagovailoa did play better, going 5-of-6 passing for 27 yards and led the Dolphins to the Chicago 1-yard line before the offense was stopped on downs. A few days later, Tagovailoa and the offense had another poor performance at their joint practice with the Detroit Lions. Per Colton Pouncy of The Athletic, Miami couldn't score in the red zone against a motivated Lions defense during Wednesday's practice. "Dolphins offense just ran 16 or so plays in the red zone vs. the Lions and didn’t score until the final play (between the second units)," Pouncy posted on X. "Miami’s first-team offense didn’t score in the 7-8 plays vs. Detroit’s first-team defense. It was ugly. Lions’ D is having a day." Pouncy's observation of the Lions manhandling the Dolphins was universal among beat reporters covering the Lions and Dolphins, with The Athletic's Nick Baumgardner calling it the most "lopsided" practice he'd witnessed covering the NFL. Last week, Omar Kelly of the Miami Sun Sentinel said Miami folded when the Bears defense began to whip on the offense. The accusations of the Dolphins being a soft team are going to continue until they decide to fight back in joint practices or against opponents in the regular season. When healthy, the Lions have a fierce defense. So Detroit having the edge isn't a surprise, though not being able to score during 16 plays in the red zone is a concern. Miami doesn't appear to have found an identity, and that could spell doom for the season if it doesn't get it figured out before Week 1.
Patriots have big Drake Maye concern surface at Vikings' joint practice
Defense ruled the day during the joint practice between the New England Patriots and Minnesota Vikings. Per Chad Graff of The Athletic, the Patriots defense did a masterful job of disrupting Vikings second-year quarterback J.J. McCarthy at Wednesday's practice. However, New England's offensive line was unable to allow Drake Maye to have enough time to finish plays. "Even with four new expected starters up front following last year’s debacle, Wednesday suggested that there will likely be some bumps ahead for this offensive line," Graff wrote. "Sure, going up against the Vikings was always going to be a difficult task. Greenard has been wrecking his own team’s practices in training camp, and everyone in New England knows how good Flores’ scheme can be. But the domination was so thorough by the Vikings’ front seven that three straight plays at one point would’ve resulted in a sack." Maye showed flashes of promise when he had time to throw downfield or was able to use his legs to buy time or scramble when pressure came. The concern is that the offensive line won't allow Maye enough time to even scramble so he can make throws. Graff has noticed the same issues that happened on Wednesday have been a constant at training camp against the Patriots defense. With a new-look offensive line that includes first-round pick Will Campbell at left tackle, the Patriots are expected to have some bumps at training camp and in September. New England's offense probably won't look great out of the gate while the offensive line develops in offensive coordinator Josh McDaniels' scheme. If and when the offensive line improves, Maye will have a chance to show off the arm that made him the No. 3 pick in 2024. For now, the offensive line is a concern much like it was last season.
Milwaukee Brewers: Bryan Reynolds Shows Respect for Brew Crew After Brutal Pirates Sweep
The Milwaukee Brewers may never lose ever again. Sure, that’s not going to happen, but the Brewers have indeed been the hottest baseball team today, and that continues to be the case following their completion of a three-game sweep of the lowly Pittsburgh Pirates on Wednesday. After demolishing the Bucs on Tuesday to the tune of a 14-0 score, the Brewers wrecked the Pirates in the series finale, 12-5. Pittsburgh showed some fight, cutting a six-run lead down to a run after Bryan Reynolds’ back-to-back multi-RBI home runs in the fifth and the sixth inning, but the Brewers were simply too good and too hot for the Pirates. Brandon Woodruff had a solid start for the Brewers, pitching four scoreless innings before the bullpen gave up five earned runs to the Pirates, with Shelby Miller and Nick Mears struggling on the mound. Jared Koenig and Tobias Myers, however, combined to shut down the Pirates the rest of the way, as the Brewers collect their 76th win of the season. Reynolds praises Milwaukee Brewers after sweep Reynolds, who gave the Brewers lots of trouble by going 3-for-5 with two home runs and five RBIs, had nothing but flowers to give to Milwaukee. “I don’t think anybody wants to play this team right now,” said Reynolds after the game, per Adam McCalvy of MLB.com. “We just ran into that. They’re a great team.” The Pirates will look to snap their five-game losing skid on Friday, when they face the Chicago Cubs in Windy City for a series opener. As for the Brewers, they will deal with the Cincinnati Reds next on the road, beginning on Friday as well.
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