The NBA could see a change of ownership before the end of the 2021-22 season.
Just hours before Game 1 of the 2022 NBA Finals, ESPN’s Adrian Wojnarowski reported that Nike founder Phil Knight and Dodgers co-owner Alan Smolinisky have made an offer to buy the Trail Blazers. Wojnarowski added that Knight and Smolinisky have put more than $2 billion on the table.
Discussions about a potential sale are still ongoing with the Paul Allen Trust which currently oversees the franchise, according to Wojnarowski. As noted by Sean Highkin of Bleacher Reporta change in ownership could be complicated because the NBA’s Trail Blazers and NFL’s Seahawks are held in trust rather than owned by an individual.
Jody Allen, sister of the late Paul Allen, is president of Vulcan Inc., which includes the Trail Blazers and Seahawks, among other assets. As Trustee of the Paul Allen Trust, “Jody Allen is responsible for preserving and implementing Paul Allen’s vision for generations to come.”
While $2 billion seems like a huge number, the Trail Blazers’ value doesn’t even come close to the estimated price tag of the league’s top franchises.
MORE: The NBA’s highest-paid players for the 2021-22 NBA season
List of NBA team values for the 2021-22 season
The Knicks ($5.8 billion), Warriors ($5.6 billion) and Lakers ($5.5 billion) each crossed the $5 billion mark on Forbes’ latest list of franchises Most Valuable NBA. Each team in the league is worth at least $1.5 billion, according to Forbes estimates.
The most recent sale of a franchise came when Alex Rodriguez and Marc Lore agreed to a $1.5 billion deal to buy the Timberwolves. However, they haven’t taken full control of the team yet, as their purchase is structured in installments.
|13.||Trail Blazers||$2.05 billion|
|28.||timber wolves||$1.55 billion|
List of NBA team owners
Now is the perfect time to own an NBA team. While there have been many challenges in the seasons that have unfolded amid the COVID-19 pandemic, the average NBA franchise value has only continued to climb.
Here is the owner or ownership group for each franchise.
|Knicks||Madison Square Garden Sports|
|Warriors||Joe Lacob, Peter Gruber|
|Lakers||Family Trusts Jerry Buss, Mark Walter, Todd Boehly|
|Celtics||Wycliffe Grousbeck, Irving Grousbeck, Stephen Pagliuca, Robert Epstein|
|raptors||Bell Canada, Rogers Communications, Larry Tanenbaum|
|76ers||Joshua Harris, David Blitzer|
|Trail Blazers||Paul G. Allen Trust|
|Spurs||Holt Family, Sixth Street Partners|
|deer||Wes Edens, Marc Lasry, Jamie Dinan|
|Jazz||Ryan and Ashley Smith|
|Pacers||Herbert Simon, Stephen Simon|
|Thunder||Clayton Bennett, George Kaiser, Estate of Aubrey McClendon|
|timber wolves||Glen Taylor, Marc Lore, Alex Rodriguez|