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Report: Jody Allen must sell Trail Blazers, sale expected within 18 months

Trail Blazers owner Jody Allen

PORTLAND, OR - APRIL 14: Jody Allen, the sister of former Portland Trail Blazers owner Paul Allen, watches the game from courtside in the first half of Game One of the Western Conference quarterfinals during the 2019 NBA Playoffs at Moda Center on April 14, 2019 in Portland, Oregon. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Steve Dykes/Getty Images)

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From the moment longtime Trail Blazers owner Paul Allen died in 2018, uncertainty has loomed around Portland. His sister, Jody Allen, took control of the franchise – but apparently only temporarily.

John Canzano:

Those familiar with the details of the Paul G. Allen Trust tell me there isn’t a lot of wiggle room for trustee, Jody Allen. The trust was established in 1993 and includes billions in assets, including the NBA’s Trail Blazers and NFL’s Seattle Seahawks.

“Paul directed that the trust be liquidated upon his death and the assets used to fund his passion projects,” a source said. “None of this is up in the air. The instructions are clear: The sports franchises and everything in the trust must be sold.”

Insiders expect the Blazers to be positioned for auction in the next 6-18 months.

As a basketball team, the Trail Blazers are at a crossroads. They
tore down the roster around Damian Lillard before the trade deadline and presumably plan to build back up around the point guard who will be eligible for a two-year, $106,552,284 contract extension this summer.

But an impending sale complicates matters. Will Jody Allen direct the team to cut costs and get leaner? How would Lillard, who has expressed tremendous loyalty to Portland but wants to win, feel about that?

This offseason will be telling.

Then, apparently within six months, Portland will have a new direction.

That’s a lot of upheaval.