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.

Damian Lillard is bringing “Dame Time” back to Portland. Multiple reports say he signed a three-year, $42 million deal with the Trail Blazers. Combined with the money he is still set to receive from the Milwaukee Bucks,

Carolina Hurricanes owner Tom Dundon heads a group that has reached a deal to buy Portland’s beloved NBA franchise. But it appears the group is still growing. Dundon’s business partners have been in contact with prominent Oregonians about investing in the days leading up to Wednesday’s announcement — including Columbia Sportswear CEO Tim Boyle,

The final price of the Trail Blazers sale has been released, and it's a doozy. Portland will be sold for $4.25 billion in two separate payments, according to Sportico.