Tom Dundon, the owner of the Carolina Hurricanes, has reached an agreement to purchase the NBA’s Portland Trail Blazers, according to multiple reports. Sportico first reported the deal. The Blazers are owned by Paul Allen’s estate and the plan is to keep the team in Portland,

The sale price remains unclear, but Dundon's group includes Portland CEO Sheel Tyle and the collective intends to keep the team in Portland.

Tom Dundon, owner of the NHL's Hurricanes, has agreed to buy the NBA's Trail Blazers for more than $4 billion and keep the team in Portland, sources told ESPN.