{"id":942255,"date":"2026-10-22T16:14:09","date_gmt":"2026-10-22T16:14:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/942255\/"},"modified":"2026-10-22T16:14:09","modified_gmt":"2026-10-22T16:14:09","slug":"portland-puts-1b-price-tag-on-trail-blazers-relocating","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/942255\/","title":{"rendered":"Portland puts $1B price tag on Trail Blazers relocating"},"content":{"rendered":"

The City of Portland \u201cput a price tag\u201d of upwards of $1B on what it would cost for the Trail Blazers to \u201csettle at the end of their lease in 2030 and for the city not to pursue litigation if the franchise relocated<\/a>,\u201d according to Bill Oram of the Portland OREGONIAN. An issue in Moda Center negotiations is the language in the Blazers\u2019 existing lease that \u201cstipulates they must maintain Moda Center<\/a> to a \u2018first-class\u2019 standard,\u201d a condition that city officials \u201cview as their primary leverage to keep the team in Portland<\/a>\u201d but that the Trail Blazers have interpreted as \u201ca cudgel that could be used against them in court.\u201d A source said owner Tom Dundon \u201cwent crazy\u201d on hearing the $1B number. Local officials have long viewed the season-opener on Wednesday as a chance to meet with Dundon, and after uncertainty, sources said that Dundon \u201cacquiesced ever so slightly\u201d and \u201cagreed to meet with Portland City Administrator Raymond Lee and top deputy Donnie Oliveira in a pared-down face-to-face at the team\u2019s practice facility in Tualatin.\u201d It was unclear whether any other negotiating meetings this week. Oram wrote the \u201cmad scramble around Dundon\u2019s visit to Portland this week underscores the tense state of negotiations that key figures have said is on a hyper-speed timeline.\u201d While the state\u2019s legislation requires a 20-year lease agreement, sources said that Dundon has \u201cpushed for a buyout option after 10 years.\u201d That proposal has \u201cunderstandably not landed well\u201d (Portland OREGONIAN, 10\/20<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"The City of Portland \u201cput a price tag\u201d of upwards of $1B on what it would cost for…\n","protected":false},"author":2,"featured_media":942256,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[434],"tags":[461,49,48,459,82],"class_list":["post-942255","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nba","tag-basketball","tag-ca","tag-canada","tag-nba","tag-sports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/942255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=942255"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/942255\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/942256"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=942255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=942255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=942255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}