TRANSFERS IN NBA

Big Franchise Transactions Shake Up League Landscape

Celtics Sold for Record $6.1 Billion
The NBA has unanimously approved the sale of the Boston Celtics to a group led by Massachusetts native Bill Chisholm. The deal sets a new U.S. professional sports franchise record and grants Chisholm at least 51% ownership now, with full control expected by 2028. The franchise’s valuation could climb to $7.3 billion.
Trail Blazers Set to Sell for Over $4 Billion
Another high-profile sale is underway: Tom Dundon, owner of the Carolina Hurricanes (NHL), is poised to buy the Portland Trail Blazers from the estate of Paul G. Allen for over $4 billion. The new ownership plans to keep the team in Portland and is exploring a public-private partnership to build a new arena. NBA Board approval is still pending.

Wizards Announce NBA Cup Group Play Schedule
The Washington Wizards revealed their 2025–26 NBA Cup group-stage matchups. Group A games are set for November, facing Cleveland (Nov 7), Toronto (Nov 21), Atlanta (Nov 25), and Indiana (Nov 28). After past struggles (0-8 over two seasons), the team aims to make history with its first NBA Cup win.
Spurs to Open NBA Cup at Home
The San Antonio Spurs begin their NBA Cup campaign on November 7 at home against the Houston Rockets, followed by matchups with Golden State, Portland, and Denver. The in-season tournament runs from October 31 to November 28, with playoffs leading to a December championship in Las Vegas. (Note: games do not count toward regular-season stats.)

Kent Lacob Steps Down
Kent Lacob, Vice President of Basketball Development for the Golden State Warriors and son of team owner Joe Lacob, is departing the organization to pursue an independent path. His exit comes amid ongoing contract tension involving young forward Jonathan Kuminga, who remains at odds with the team over his role and may accept a qualifying offer next season.

Category	Headline
Franchise Sales	Celtics sold for $6.1B; Blazers to be sold for $4B+
NBA Cup/Season Prep	Wizards, Spurs release Group Play schedules for NBA Cup
Front Office Changes	Warriors’ Kent Lacob exits amid Kuminga contract stalemate