Tom Dundon, owner of the NHL's Carolina Hurricanes, reportedly has reached an agreement to buy the Portland Trail Blazers from Paul Allen's estate at a valuation of more than $4 billion, a story broken by Scott Soshnick and Eben Novy-Williams of Sportico and confirmed by other reports.

Reports have begun to swirl that after the Portland Trail Blazers were formally put up for sale back in May, Carolina Hurricanes owner Tom Dundon may be the team’s new