The Portland Trail Blazers will be put up for sale by the estate of Paul G. Allen. Allen & Co and law firm Hogan Lovells will lead the sale process. The Boston Celtics recently sold at a $6.1 billion valuation.

The franchise has been run by Allen's sister, Jody Allen, since he passed away in 2018.

The Blazers recently signed Joe Cronin and Chauncey Billups to contract extensions.