The owner of the NHL’s Carolina Hurricanes can now add the NBA’s Portland Trail Blazers to his portfolio. Tom Dundon agreed to purchase the Blazers from the estate of Paul G. Allen on Wednesday, according to multiple reports.

The Portland Trail Blazers have found a new ownership group led by Tom Dundon, a businessman with diverse investments in sports and entertainment who has committed to keeping the team in Portland. The Paul Allen estate has reached a tentative agreement with Dundon and a group of investors in a deal reportedly exceeding $4 billion.

According to Senior ESPN NBA Insider Shams Charania, NHL Carolina Hurricanes owner Tom Dundon has agreed to buy the Portland Trail Blazers from the estate of Paul G. Allen for a valuation of over $4 billion.

Paul Allen’s estate has agreed to a tentative agreement to sell the Portland Trail Blazers to a group led by Carolina Hurricanes owner Tom Dundon.

Yang Hansen was the 16th pick after averaging 16.6 points, 10.5 rebounds, three assists and 2.6 blocks in 45 appearances last season in China.

Paul Allen's trust announced in May that it was selling the team and estimated that the process would go into the 2025-26 season.

Three months after the Paul Allen estate announced plans to sell the franchise, it reached a tentative agreement with Dundon and a group of investors.

After losing Chris Darnell to the Sacramento Kings, the Cavaliers have found the next head coach for the Charge, their NBA G League affiliate.

Dundon confirmed the sale while declining to comment on the exact transaction value, saying he was “ very excited .” The estate of billionaire Paul Allen announced the Blazers were formally up for sale in May,

The Trail Blazers have reportedly reached a deal to sell the team to the owner of the Carolina Hurricanes. Read online:

According to Ben Rohrbach of Yahoo Sports, Cronin is the 12th-best GM in the league. He credits the hiring of Chauncey Billups and the recent direction that they decided to go in.