Tom Dundon’s reported agreement to buy the Portland Trail Blazers for more than $4 billion signals a bold ownership transition with deep civic ambitions. His group—featuring Marc Zahr of Blue Owl Capital and Portland-based Sheel Tyle—plans to keep the team in Portland and pursue a new arena, a move Commissioner Adam Silver has indicated will be part of the sale discussions. The philanthropic angle is front-and-center, with proceeds from the sale slated for charity per Paul Allen’s trust.

On the floor, Portland is rebuilding around a young core that includes Scoot Henderson, Shaedon Sharpe, Yang Hansen, and Deni Avdija, while Damian Lillard is set to miss the coming season due to a torn Achilles. Fantasy managers should watch Henderson and Sharpe for early-season heavy workloads, observe Avdija’s fit in this new era, and weigh how a modern arena timeline could influence roster moves and development as the team navigates continuity and growth.