Via Shams Charania of ESPN.com, Allen's sister, Jody, has agreed to sell the NBA's Portland TrailBlazers to Tom Dundon, at a valuation of more than $4 billion. Dundon, who owns the NHL's Carolina Hurricanes, was involved in the ill-fated AAF, six years ago.

The Seahawks will be sold eventually, we just don’t know when. The Blazers have reportedly been sold for over $4 billion.

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