The Portland Trail Blazers are going on sale, according to a report from ESPN NBA Insider Shams Charania, t As set forth by Charania, the Estate of Paul G. Allen is starting a formal sales process for the franchise.

"The estate of Paul G. Allen today announced it has commenced a formal sales process for the Portland Trail Blazers NBA franchise, consistent with Allen's directive to eventually sell his sports holdings and direct all estate proceeds to philanthropy.

In alignment with the late Paul Allen’s directive, all proceeds from the sale of the Portland Trail Blazers will go to philanthropic endeavors.