The sale price remains unclear, but Dundon's group includes Portland CEO Sheel Tyle and the collective intends to keep the team in Portland.

Thomas Dundon, the owner of the Carolina Hurricanes, has reached an agreement to purchase the NBA’s Portland Trail Blazers for more than $4 billion, according to ESPN’s Shams Charania. ESPN reports that Dundon intends to keep the team based in Portland,

Carolina Hurricanes owner Tom Dundon has reached a deal to purchase the Portland Trail Blazers from the estate of Paul Allen.