Reports: Nike founder Phil Knight makes $2B offer to buy Blazers

Nike founder Phil Knight and Los Angeles Dodgers co-owner Alan Smolinisky made a $2 billion-plus offer to buy the Portland Trail Blazers, ESPN and the New York Times reported Thursday.

Discussions are said to be ongoing.

The Trail Blazers are currently owned by the Paul G. Allen Trust. Allen, who purchased the NBA franchise in 1988, died in 2018.

Knight, 84, is a Portland native and longtime supporter of University of Oregon athletics.

Smolinisky, 42, became a part owner of the Dodgers in 2019 along with partners Magic Johnson, Mark Walter, Peter Guber, Stan Kasten, Billie Jean King and others.

—Field Level Media/Reuters