{"id":104840,"date":"2025-07-30T12:55:14","date_gmt":"2025-07-30T12:55:14","guid":{"rendered":"https:\/\/www.europesays.com\/us\/104840\/"},"modified":"2025-07-30T12:55:14","modified_gmt":"2025-07-30T12:55:14","slug":"portland-must-confront-the-real-danger-of-losing-the-blazers","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/104840\/","title":{"rendered":"Portland Must Confront the Real Danger of Losing the Blazers"},"content":{"rendered":"<p class=\"c-paragraph\">We had a spirited debate in our office over whether the image on this week\u2019s cover was going too far.<\/p>\n<p class=\"c-paragraph\">Damian Lillard came home just weeks ago, and already we\u2019re picturing him in Seattle? Blasphemous. Perverse. The kind of trolling that gets somebody punched.<\/p>\n<p class=\"c-paragraph\">It\u2019s meant, however, as a warning and a wake-up call.<\/p>\n<p class=\"c-paragraph\">Supporting the Trail Blazers, as we know, is a path of pain and fear. Over the years, we\u2019ve watched the team lose critical games in grotesque ways and seen its star players\u2019 bones and ligaments ground into dust under Shakespearean circumstances. <\/p>\n<p class=\"c-paragraph\">But all the things the Blazers have ever done to break your heart would pale in comparison to waking up to read that there were no Portland Trail Blazers.<\/p>\n<p class=\"c-paragraph\">The unvarnished truth is that the future of the Blazers hangs on the whims of a few hyper-wealthy people with little connection to the city. With the team up for sale\u2014and few prospects emerging for an ownership group with ties to Oregon\u2014the team\u2019s future in Portland has never been less certain, especially given that trendier markets, Seattle and Las Vegas, in particular, are known to covet a franchise.<\/p>\n<p class=\"c-paragraph\">We invite you to immerse yourself in this fear\u2014to imagine people asking you if you remember when the Nashville Blazers played in Portland\u2014and to experience it as a form of exposure therapy in which you\u2019re shown the things you most dread until you become strong enough to confront them.<\/p>\n<p class=\"c-paragraph\">\u201cI remember what happened in Seattle, vividly,\u201d says U.S. Sen. Ron Wyden (D-Ore.), referring to the departure of the SuperSonics for Oklahoma City in 2008. \u201cAnd I will always be a watchdog to make sure that doesn\u2019t happen in Portland.\u201d<\/p>\n<p><img decoding=\"async\" data-chromatic=\"ignore\" alt=\"\" class=\"c-image\" loading=\"lazy\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/07\/TYA5MKIBPNDV7IRNOTUTXDAQZE.jpg\"  width=\"400\" height=\"266\"\/>Chris Dudley in 2010. (Chris Ryan) <\/p>\n<p class=\"c-paragraph\">\u201cThe story of what happened in Seattle\u2014the similarities are striking,\u201d says Chris Dudley, the former Blazers center who ran for Oregon governor in 2010. \u201cYou\u2019re going to most likely have an out-of-town owner buy a team where the arena needs renovation or [replacement], and where the city and state maybe aren\u2019t quite up to speed to handle a negotiation that\u2019s going to come quickly.\u201d <\/p>\n<p class=\"c-paragraph\">It\u2019s that nightmare that spurred Dudley to join Marshall Glickman, a sports executive and the son of Blazers founder Harry Glickman, to recruit community leaders into an alliance\u2014never previously reported\u2014aimed at keeping the team here. <\/p>\n<p class=\"c-paragraph\">The advocacy group, Rip City Forever, also counts among its founders former Blazers COO Erin Hubert; Joth Ricci, onetime CEO of Dutch Bros and Adelsheim Vineyards and president of Stumptown Coffee; and Ryan Buchanan of the creative agency Thesis. On July 28, the coalition sent a letter with more than 100 signatories to Gov. Tina Kotek and Mayor Keith Wilson, warning that Portland \u201cwill need to compete with other cities who are likely already plotting to woo the next Blazers owner to their city.\u201d<\/p>\n<p class=\"c-paragraph\">The next day, July 29, Kotek and Wilson wrote to NBA Commissioner Adam Silver. \u201cWe heard you loud and clear earlier this summer when you said you wanted to keep the Blazers in Portland under new ownership and made it clear that our arena isn\u2019t up to snuff,\u201d the governor and mayor wrote. \u201cThe Blazers are in our DNA, and at the center of what makes this community so special.\u201d <\/p>\n<p class=\"c-paragraph\">Rip City Forever\u2019s founders fear that without help, local officials are unprepared to deal with the demands that new ownership will present.<\/p>\n<p class=\"c-paragraph\">Glickman says Portland must learn from Seattle\u2019s example. \u201cThey were reactive; they weren\u2019t prepared,\u201d he says. \u201cAnd by the time they got their act together, it was just too late. Clay [Bennett] got up one morning and said c\u2019est la vie. And he brought in those moving vans in the middle of the night and headed east to Oklahoma City.\u201d<\/p>\n<p><img decoding=\"async\" data-chromatic=\"ignore\" alt=\"\" class=\"c-image\" loading=\"lazy\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/07\/A7VMT3E25BFGXF4A3KJEX4QLTA.jpg\"  width=\"800\" height=\"533\"\/>Panic city, baby. (Eric Shelby) <\/p>\n<p class=\"c-paragraph\">This is the sour undercurrent fouling what has otherwise been a heady summer for the Blazers. The team has jumped from one media cycle-defining event to the next and is now, bizarrely, one of the most compelling franchises in sports.<\/p>\n<p class=\"c-paragraph\">As recently as January, the team\u2019s basketball prospects were widely viewed as doomed in both the short and long terms.<\/p>\n<p class=\"c-paragraph\">But then, in short order: The Blazers\u2019 young core started winning games and playing hounding defense. General manager Joe Cronin and head coach Chauncey Billups both received contract extensions and started dealing players: Anfernee Simons and Deandre Ayton out, Jrue Holiday in. They drafted Yang Hansen, a 7-foot-1 phenom who arrived with 300 million Chinese basketball fans in tow.<\/p>\n<p class=\"c-paragraph\">And then Lillard, the prodigal son with a torn Achilles, announced he was returning to Portland after being released by the Milwaukee Bucks.<\/p>\n<p class=\"c-paragraph\">\u201cIt\u2019s winning time now for the Trail Blazers,\u201d Cronin declared at Lillard\u2019s introductory press conference July 21.<\/p>\n<p><img decoding=\"async\" data-chromatic=\"ignore\" alt=\"\" class=\"c-image\" loading=\"lazy\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/07\/4YEFXJZJIZFWBBHJKK3KWVO27M.jpg\"  width=\"400\" height=\"266\"\/>The Blazers have been on the upswing in recent months. (Eric Shelby) <\/p>\n<p class=\"c-paragraph\">The Blazers now enter what is poised to be one of the most critical seasons in the franchise\u2019s history while facing a litany of questions\u2014the ultimate one being whether the team could leave Portland after being sold.<\/p>\n<p class=\"c-paragraph\">The team leaving the state, on a purely economic level, would be devastating, as the Rose Quarter alone stands to produce around $6.7 billion in total economic impact over the course of the next 10 years. <\/p>\n<p class=\"c-paragraph\">\u201cWe have to be thinking differently,\u201d says Ricci, the former coffee executive. \u201cBecause if we sat back and we watched this happen, I think we all can probably conclude what the end to this story would be.\u201d<\/p>\n<p class=\"c-paragraph\">It is necessary to view everything the team does within that context. The front office has long been adamant that its decisions are motivated solely by putting the best possible product on the hardwood. But their motives can be pure and the actions still carry ramifications for the team\u2019s sale.<\/p>\n<p class=\"c-paragraph\">John Hollinger, a former executive for the Memphis Grizzlies who now analyzes the NBA for The New York Times, printed the whispers earlier this month in a report filed from Summer League in Las Vegas, where basketball executives gather to gossip. He said much of that chatter this year focused on the Blazers\u2019 decisions.<\/p>\n<p class=\"c-paragraph\">\u201cIf you\u2019re one of those people who likes to plot out multilayered conspiracies with charts and arrows,\u201d Hollinger wrote, \u201cthere\u2019s also plenty of room for that type of thinking.\u201d<\/p>\n<p class=\"c-paragraph\">We are exactly those people! We invented the Trail Blazers Panic Meter in these pages! Any real Blazers fan keeps the tinfoil hats stored right next to the inflatable thundersticks. We invite you to don those hats now for a tour of the charts and arrows.<\/p>\n<p class=\"c-paragraph\">Hollinger didn\u2019t respond to our request that he elaborate. Cronin was unavailable for comment. Jody Allen has not given an interview in six years, and it\u2019s been longer than that since her top adviser, Bert Kolde, has spoken to the press.<\/p>\n<p class=\"c-paragraph\">So what follows is in part conjecture. But it is speculation informed by conversations with longtime government officials, sports executives, and close observers of how the NBA does business. From that, we crafted five assertions that might seem outlandish but have plenty of evidence to support them.<\/p>\n<p>Drafting Yang Hansen likely added at least $1 billion to the Blazers\u2019 sale price.<\/p>\n<p class=\"c-paragraph\">Let\u2019s start here: When the Paul G. Allen Trust put the Blazers on the market this May, CNBC estimated the team\u2019s value at $3.65 billion. But the trust is selling the Blazers at auction, via the investment bank Allen &amp; Co. Auctions drive prices up\u2014and since it set no terms on the sale (like keeping the team in Portland), the trust has a fiduciary duty to accept the highest bid.<\/p>\n<p class=\"c-paragraph\">By comparison, the Golden State Warriors are valued at $9.4 billion, and they would probably sell for more than that. The Los Angeles Lakers just sold for well above their valuation, at $10 billion.<\/p>\n<p class=\"c-paragraph\">The Warriors and Lakers have something in common: Both teams are among the most popular in China. That nation is the league\u2019s biggest market. Low estimates put China\u2019s total number of NBA fans at 300 million\u2014as in, 70 times the number of people in Oregon.<\/p>\n<p class=\"c-paragraph\">For years, the Houston Rockets were the kings of China by having All-Star center Yao Ming on their roster. (They\u2019re currently valued at $5.7 billion, 22 times their value before drafting Yao.) But Chinese support for the Rockets has dwindled since 2019, when the team\u2019s general manager tweeted in support of the Hong Kong protests and was subsequently blacklisted by every outlet in China, as were the Rockets and, for a time, the NBA itself.<\/p>\n<p class=\"c-paragraph\">So the moment the Blazers acquired the only player from China currently in the NBA, Yang, they were destined to become the most popular team in China.<\/p>\n<p class=\"c-paragraph\">Wyden thinks the 300 million figure is low. \u201cWe just picked up 1 billion new Blazers fans in China,\u201d Sen. Wyden says. \u201cOur math was a billion.\u201d <\/p>\n<p><img decoding=\"async\" data-chromatic=\"ignore\" alt=\"\" class=\"c-image\" loading=\"lazy\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/07\/AYHBW7HKXVDY5OTB75FIAVXNMU.jpg\"  width=\"400\" height=\"466\"\/>Yang Hansen (Wikipedia) <\/p>\n<p class=\"c-paragraph\">Yang, 20, walked into the NBA draft on June 25 as an almost complete unknown. Over the course of a month and four Summer League games, he has become one of the most famous basketball players in the world.<\/p>\n<p class=\"c-paragraph\">The implications of drafting him were immediately apparent in Las Vegas, where he was shadowed by dozens of members of the press asking him about his favorite song (New Orleans rapper Rob49\u2019s \u201cWTHelly\u201d) and his thoughts on Damian Lillard. He simply pointed to his wrist while his translator, Chris Liu, himself now a minor celebrity by proxy, laughed and said, \u201cTime to check the watch.\u201d<\/p>\n<p class=\"c-paragraph\">Yang would appear born to play the role of aw-shucks, gentle-giant international ambassador of basketball, and his exploits in America have generated huge volumes of clicks for the NBA\u2019s and the Trail Blazers\u2019 social media accounts. Playing well and spoon-feeding his teammates layups through backdoor passes has not hurt either.<\/p>\n<p class=\"c-paragraph\">\u201cSitting 10 feet from the floor, I watched him diagnose the game offensively unlike any other big I\u2019ve ever seen in that environment,\u201d says Danny Marang, who covers the team for KATU-TV and KFXX-FM. <\/p>\n<p class=\"c-paragraph\">\u201cAs far as his impact off the floor\u2014you had 50 to 60 media members in the house just for Summer League. There will likely be a dozen or so permanently based in Portland this season. You had over 5 million from China tune in to watch a Summer League game!\u201d<\/p>\n<p class=\"c-paragraph\">It\u2019s difficult to overstate the effect Yang could have on the city and the value of the franchise itself. The Washington Post\u2019s Ben Golliver reported last week that the Blazers had sold 1,024% more merchandise and gained 900,000 followers on Weibo in the five weeks since Yang was acquired.<\/p>\n<p class=\"c-paragraph\">They will almost certainly play exhibition games in China and unveil Lunar New Year-themed jerseys with their name spelled in Mandarin at some point, things both the Warriors and Rockets have done in the past.<\/p>\n<p class=\"c-paragraph\">One small indicator of the possibilities: They can sell their jersey sponsorship to the new market. \u201cThat\u2019s going to make the value of the jersey patch significantly higher, if they sell it to a Chinese company,\u201d Glickman says.<\/p>\n<p>Nobody local except Phil Knight can afford to buy the franchise.<\/p>\n<p class=\"c-paragraph\">For years, Oregon\u2019s richest man made no secret of his desire to purchase the Blazers from the Allen estate. Over the past seven years, Jody Allen declined several overtures from Knight, who\u2019d spent a decent amount of time and energy disparaging her in the press. Allen at one point seemed to retaliate by releasing a statement saying that the team\u2019s sale could take \u201c10 to 20 years.\u201d<\/p>\n<p><img decoding=\"async\" data-chromatic=\"ignore\" alt=\"\" class=\"c-image\" loading=\"lazy\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/07\/33GTJQY6Q5FF7I45OXTICKURC4.jpeg\"  width=\"400\" height=\"266\"\/>100CANON Trail Blazers owner Jody Allen and general manager Joe Cronin. (Bruce Ely \/ Trail Blazers) (Bruce Ely\/Bruce Ely \/ Trail Blazers) <\/p>\n<p class=\"c-paragraph\">Knight, in turn, announced he was no longer looking to buy the team the day after Allen put it up for sale in May.<\/p>\n<p class=\"c-paragraph\">But Knight is the only person with a big enough bag to buy the team outright, as Oregon is otherwise only home to poor billionaires. Knight has a net worth of $36 billion; nobody behind him has more than $4 billion, so any other megawealthy Oregon candidates would have to be part of a consortium.<\/p>\n<p class=\"c-paragraph\">The team is just as likely to be sold to owners from outside the state, including brand-name oligarchs like Larry Ellison and Jeff Bezos\u2014MacKenzie Scott, Bezos\u2019 ex-wife, was linked to the team in her own right in 2022\u2014as well as the Bhathal family, who own the Portland Thorns and the city\u2019s now-refurbished WNBA franchise, the Fire, but would have to sell off their minority share in the Sacramento Kings. Any number of groups representing private equity and sovereign wealth funds are in play, too.<\/p>\n<p class=\"c-paragraph\">Private equity firms are not allowed to purchase controlling ownership of a team, however. They are capped at 20% ownership by NBA bylaws. That means if equity is part of a group purchase, the controlling owner (who gets to make decisions like, say, moving the Blazers to San Diego) would need to own at least 21% of the Blazers. <\/p>\n<p class=\"c-paragraph\">Point being: If the team sells for $4.5 billion, the controlling owner needs $900 million on hand. Not a lot of Oregonians have that kind of dough.<\/p>\n<p class=\"c-paragraph\">One caveat: If you are willing to expand the definition of local, there is actually one other prospective local buyer, though he hasn\u2019t lived in the state in years.<\/p>\n<p><img decoding=\"async\" data-chromatic=\"ignore\" alt=\"\" class=\"c-image\" loading=\"lazy\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/07\/JMVKUEBQMRAYLAI7QYKBRYZFTA.jpg\"  width=\"400\" height=\"542\"\/>Jensen Huang (Wikipedia) <\/p>\n<p class=\"c-paragraph\">Jensen Huang, CEO of Nvidia and the sixth-richest person in the world, went to Aloha High School. He met his wife in an undergrad class at Oregon State University, to which they donated $50 million three years ago. Nvidia is the world\u2019s leading designer of graphic processing units (GPUs), which have proven as fundamental to the AI Revolution as Intel\u2019s CPUs were to the Silicon Revolution. The company recently surpassed $4 trillion in market cap and is now the most valuable corporation of all time. Huang is the most important person in the world most people don\u2019t know anything about.<\/p>\n<p class=\"c-paragraph\">WW and The Oregonian have both previously cited Huang as a possible buyer, but there is no real confirmed link besides the idea that he could do it if he wanted to and he has at least enough of a connection to maybe want to. But he has never expressed any interest in basketball. <\/p>\n<p class=\"c-paragraph\">For what it\u2019s worth, Wyden says he has spoken to several potential buyers but won\u2019t say who they are.<\/p>\n<p>Seattle is no longer assured of getting an expansion team.<\/p>\n<p class=\"c-paragraph\">For years, the greatest fear of Blazers fans has been that a new owner would decamp for Seattle. And the reassurance offered to those worrywarts was that NBA Commissioner Adam Silver would never allow a repeat of the public relations nightmare created when the SuperSonics left for Oklahoma City in 2008.<\/p>\n<p><img decoding=\"async\" data-chromatic=\"ignore\" alt=\"\" class=\"c-image\" loading=\"lazy\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/07\/GHW5HSUGAFHKHLVY6BCJRGYKYQ.jpg\"  width=\"400\" height=\"266\"\/>On right: Adam Silver, commissioner, National Basketball Association (Michael O&#8217;Shea for Fortune) <\/p>\n<p class=\"c-paragraph\">How would Silver prevent that? By making sure Seattle was first in line to get the league\u2019s next expansion team.<\/p>\n<p class=\"c-paragraph\">In the past few years, an announcement has seemed imminent. In 2022, the Emerald City began hosting preseason NBA games at Climate Pledge Arena, former home of the Sonics that had recently been renovated to the tune of a billion dollars.<\/p>\n<p class=\"c-paragraph\">Everything is in place for the Sonics\u2019 return, but expansion must be approved by owners of existing teams. And those owners have begun dragging their feet in unanticipated ways. A faction of owners supposedly led by the Knicks\u2019 James Dolan is said to be opposed to splitting revenue with a potential 31st and 32nd team (though the owners would receive huge expansion fees and new teams would boost future media deals).<\/p>\n<p><img decoding=\"async\" data-chromatic=\"ignore\" alt=\"\" class=\"c-image\" loading=\"lazy\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/07\/CQJ3IUF33VB4BO7WPXO3NRTYQ4.jpg\"  width=\"400\" height=\"266\"\/>Donuts descend from the ceiling of Moda Center. (Eric Shelby) <\/p>\n<p class=\"c-paragraph\">Another group of owners, those in small markets, could also be opposed on different grounds. As longtime reporter Tom Ziller recently wrote: \u201cIf the NBA expands to Seattle and another market, existing NBA team owners in non-marquee cities lose their biggest weapon in arguing for local public investment in upgraded arenas.\u201d<\/p>\n<p class=\"c-paragraph\">In other words: Seattle is most useful to NBA owners as a terrifying bedtime story to tell local townspeople so they\u2019ll pay for a stadium.<\/p>\n<p class=\"c-paragraph\">There\u2019s some truth to the threat: A city with an uncertain professional basketball future and spotty attendance could see its franchise become the new Sonics before the league gets around to expansion.<\/p>\n<p class=\"c-paragraph\">To be sure, those terms are far more descriptive of cities like New Orleans or Memphis than Portland, which has never disappointed the league when it comes to putting fans in seats, famously selling out 814 consecutive home games from 1977 to 1995. Even two years ago, when the team went 21-61 (and tickets were priced as low as $2 on the resale market), they were 13th in the league in attendance.<\/p>\n<p class=\"c-paragraph\">Nonetheless, Dudley says the expansion delay changes the calculus for Rip City Forever: \u201cOriginally, when we started, we thought Seattle and Vegas were off the table. And now they\u2019re on the table.\u201d<\/p>\n<p class=\"c-paragraph\">On July 15, Silver told a press conference that \u201cthe league\u2019s preference\u201d is that the Blazers remain in Portland.<\/p>\n<p><img decoding=\"async\" data-chromatic=\"ignore\" alt=\"\" class=\"c-image\" loading=\"lazy\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/07\/NKXKVZCPWFDCNJ734DQMM25DUY.jpg\"  width=\"400\" height=\"300\"\/>U.S. Sen. Ron Wyden (Mick Hangland-Skill) <\/p>\n<p class=\"c-paragraph\">Wyden found that reassuring. \u201cHe\u2019s a very close personal friend,\u201d he says of Silver. \u201cI don\u2019t know how he could have taken a stronger position than saying twice in a short news conference that his preference is that the team remain right where Blazers fans want it to be.\u201d<\/p>\n<p class=\"c-paragraph\">Others did not hear it as a commitment. At the same press event, Silver for the first time voiced a veiled threat from the league to leverage Portland into building a new arena.<\/p>\n<p>The cost of the Blazers staying in Portland is $400 million in public money for a new arena.<\/p>\n<p class=\"c-paragraph\">The NBA would prefer that every team have as new an arena as possible, and the league is using this moment and the relocation question to leverage that. The way Silver phrased it: \u201cThe city of Portland likely needs a new arena, so that will be part of the challenge for any new ownership group coming in.\u201d<\/p>\n<p class=\"c-paragraph\">The first two things to establish are: (a) do the Blazers actually need a new arena, and (b) will the public have to pay for it?<\/p>\n<p><img decoding=\"async\" data-chromatic=\"ignore\" alt=\"\" class=\"c-image\" loading=\"lazy\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/07\/DVKUVCADJBGFRE7SRN36NDGM4Q.jpg\"  width=\"400\" height=\"266\"\/>Moda Center is the NBA&#8217;s eighth-oldest arena. (Blake Benard) <\/p>\n<p class=\"c-paragraph\">Need would be the wrong word. Moda Center, 30 years old and made almost entirely of concrete and steel, has no structural problems. It needs to be renovated\u2014the process of which has just started\u2014but building a new arena is something that could be kicked down the road about 20 years and done in a more thoughtful way.<\/p>\n<p class=\"c-paragraph\">But the city of Portland has a weak hand when it sits down to the negotiating table with the Blazers\u2019 new owner.<\/p>\n<p class=\"c-paragraph\">In 1995, Paul Allen cut a deal with the city. The Microsoft co-founder paid $46 million to build a new arena next to Veterans Memorial Coliseum. The city spent $34 million, and another $10 million came from a bond backed by parking and ticket revenue.<\/p>\n<p class=\"c-paragraph\">Under the terms of a 30-year deal, the city owned the land under the arena and Allen owned Moda Center itself. The city received the revenues from the Rose Quarter parking garages and a 6% cut from ticket sales. The Blazers kept everything else: ticket sales, concessions, arena naming rights.<\/p>\n<p class=\"c-paragraph\">That is, until last year. With the 30 years set to expire, the Blazers\u2014operating as Rip City Management LLC\u2014inked a five-year bridge agreement with the city. In other words, they got an extension. As part of that delay, the Blazers sold the arena itself to the city for a dollar.<\/p>\n<p><img decoding=\"async\" data-chromatic=\"ignore\" alt=\"\" class=\"c-image\" loading=\"lazy\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/07\/IVEY7IFT7VGXRKVCUVLC3LTQXE.jpg\"  width=\"800\" height=\"533\"\/>The NBA commissioner says Moda Center isn\u2019t up to league expectations. (Sam Gehrke) <\/p>\n<p class=\"c-paragraph\">If that sounds like a bargain, think of it more like buying an aging house that needs a new scoreboard on the ceiling. The revenue-sharing model didn\u2019t change\u2014it\u2019s just that the city is now on the hook for upgrading the facility.<\/p>\n<p class=\"c-paragraph\">More importantly, the team\u2019s new owner has no contractual obligation of any kind to stick around past 2030. The Blazers are being sold as a portable good. <\/p>\n<p class=\"c-paragraph\">That gives a new owner tremendous leverage in demanding a new arena.<\/p>\n<p class=\"c-paragraph\">The most recently built NBA arena, the Intuit Dome in Los Angeles, cost $2 billion. The Clippers\u2019 owner, Steve Ballmer, footed the bill. But a better analog to Portland might be San Antonio, where city officials say they\u2019ll contribute up to $500 million to a new, $1.5 billion arena for the Spurs. <\/p>\n<p class=\"c-paragraph\">So let\u2019s be conservative and say the cost in Portland would be $800 million. The revenues the city gets from the parking garages and 6% of ticket sales won\u2019t come close to supplying $400 million. <\/p>\n<p class=\"c-paragraph\">Which means the Portland voting public, which is in an anti-tax mood, and the City Council, which abhors billionaires, would need to swallow a $400 million tax measure.<\/p>\n<p class=\"c-paragraph\">\u201cIt\u2019s a massive stumbling block,\u201d Ricci says of the public subsidy.<\/p>\n<p class=\"c-paragraph\">Kotek and Wilson nodded to that challenge in their letter to Silver. \u201cWe fully support renovating the Moda Center to become a point of pride for the Blazers and for our city,\u201d they wrote. \u201cWe are prepared to explore the public-private partnerships needed to make it happen.\u201d<\/p>\n<p>Damian Lillard\u2019s salary is a bargain given the goodwill it buys from fans.<\/p>\n<p class=\"c-paragraph\">Lillard\u2019s return has been euphoric and, along with the progress shown by the rest of the team, has returned the Blazers to above-water vibes for the first time in six years. The salary he\u2019s getting\u2014$42 million over three years\u2014is, by the standards of NBA big-name contracts, negligible.<\/p>\n<p><img decoding=\"async\" data-chromatic=\"ignore\" alt=\"\" class=\"c-image\" loading=\"lazy\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/07\/NEZJY6M6URHUJGCQ7GPKUP7VXU.jpg\"  width=\"400\" height=\"299\"\/>\u2191 HOMEWARD BOUND: Damian Lillard will rehab as a Blazer. (Wesley Lapointe) <\/p>\n<p class=\"c-paragraph\">Whether Lillard makes the team more attractive to a buyer is debatable. But his appeal to Oregonians? That\u2019s another story. He\u2019s the most beloved athlete in a generation, and his presence cements an emotional connection you can\u2019t put a dollar figure on.<\/p>\n<p class=\"c-paragraph\">\u201cIt\u2019s a tremendous compliment to the people of Portland and Oregon,\u201d Wyden says. \u201cHe wants to come home.\u201d<\/p>\n<p class=\"c-paragraph\">One of the best days Portland ever experienced was the Blazers winning the title in 1977. Wyden was there for the parade down Broadway, and saw Dr. Jack and Luke and Bill Walton in his full form as warrior-poet. He was there the day Portland conquered the world.<\/p>\n<p><img decoding=\"async\" data-chromatic=\"ignore\" alt=\"\" class=\"c-image\" loading=\"lazy\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/07\/MB6PVJT4HVHFRHS7RLAT7YY2FM.jpg\"  width=\"800\" height=\"511\"\/>Portland Trail Blazer coach Jack Ramsay (L), assistant coach Jack McKinney (C-gesturing) and NBA Commissioner Larry O&#8217;Brien (R) present the NBA Championship trophy to team captain Bill Walton after defeating the Philadelphia 76ers. (DAVE OLSON) <\/p>\n<p class=\"c-paragraph\">We should all get to see such a day, and we shouldn\u2019t have to live with the idea that something would prevent it from ever arriving.<\/p>\n<p class=\"c-paragraph\">\u201cThis is more than just watching the Blazers get sold,\u201d Ricci says. \u201cThis is actually a test to the city and to the state of who it is that we want to be.\u201d<\/p>\n<p class=\"c-paragraph\">Glickman describes it in more personal terms. His father, Harry, who brought Portland the Blazers, died in 2020 at 96. \u201cWhen my father passed away,\u201d Marshall Glickman says, \u201cand I was at Beth Israel Cemetery, I said: I cannot fathom the idea of standing over his grave and telling him that the Blazers left.\u201d<\/p>\n<p class=\"c-paragraph\">The team leaving town is an outcome that cannot be allowed to happen under any circumstance.<\/p>\n<p class=\"c-paragraph\">The fight to keep the Blazers in Portland has, unfortunately, presented itself as one of the great civic issues of our time. Someday we should be so lucky as to say that we overreacted. <\/p>\n","protected":false},"excerpt":{"rendered":"We had a spirited debate in our office over whether the image on this week\u2019s cover was going&hellip;\n","protected":false},"author":3,"featured_media":104841,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40],"tags":[67520,1260,46750,62,67,132,68],"class_list":{"0":"post-104840","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-nba","8":"tag-jody-allen","9":"tag-nba","10":"tag-owner","11":"tag-sports","12":"tag-united-states","13":"tag-unitedstates","14":"tag-us"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/104840","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=104840"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/104840\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/104841"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=104840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=104840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=104840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}