The Portland Trail Blazers will continue to be overseen by Vulcan Sports and Entertainment following the death of Paul Allen.

“At this point we’re just dealing with the death and we don’t have any imminent announcements,” Vulcan Sports and Entertainment CEO Chris McGowan said. “At an appropriate time I’m sure we’ll come and talk with everyone about what potentially could happen but right now we’re just dealing with the grief.”

Allen's sister, Jody Allen, is believed to be his heir. Jody Allen reportedly has stronger interest in the Seattle Seahawks than the Blazers.

The Portland Trail Blazers have exercised 2019-20 team options on the rookie contracts of forward/center Zach Collins and forward Caleb Swanigan.

The Trail Blazers acquired Collins, the 10th overall pick in the 2017 NBA Draft, in a draft day trade and selected Swanigan with the 26th overall pick in the same draft.

In his rookie 2017-18 season with the Trail Blazers, Collins (7-0, 235) posted averages of 4.4 points (39.8% FG, 31.0% 3-PT, 64.3% FT), 3.3 rebounds, 0.8 assists, 0.26 steals, 0.47 blocks and 15.8 minutes in 66 games (one start).

Swanigan (6-9, 250) averaged 2.3 points (40.0% FG, 12.5% 3-PT, 66.7% FT), 2.0 rebounds, 0.5 assists, 0.19 steals, 0.11 blocks and 7.0 minutes in 27 games (three starts) during his rookie 2017-18 season.

Paul Allen has passed away at the age of 65.

Allen was the owner of the Portland Trail Blazers and Seattle Seahawks.

Allen announced just two weeks ago that he had restarted treatment for non-Hodgkin lymphoma.

Allen co-founded Microsoft with Bill Gates and was believed to be worth approximately $20 billion.

Paul Allen has announced his non-Hodgkin's lymphoma has returned.

Allen is the owner of the Portland Trail Blazers and Seattle Seahawks.

"I learned recently that the non-Hodgkin’s lymphoma that I was treated for in 2009 has returned. My team of doctors has begun treatment of the disease and I plan on fighting this aggressively.

"A lot has happened in medicine since I overcame this disease in 2009. My doctors are optimistic that I will see good results from the latest therapies, as am I.

"I will continue to stay involved with Vulcan, the Allen Institutes, the Seahawks and Trail Blazers, as I have in the past. I have confidence in the leadership teams to manage their ongoing operations during my treatment.

"I am very grateful for the support I’ve received from my family and friends. And I’ve appreciated the support of everyone on the teams and in the broader community in the past, and count on that support now as I fight this challenge.

"Go Seahawks! Go Blazers!"