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Portland sends draft term sheet to Trail Blazers days after NBA says talks 'off track'

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Portland sends draft term sheet to Trail Blazers days after NBA says talks 'off track'
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The City of Portland has submitted a draft term sheet to the Trail Blazers to negotiate a long-term lease agreement. The proposal includes a 20-year non-relocation clause and requirements for labor-peace agreements and community partnerships.

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Securing a long-term commitment from the NBA team is a major priority for city leaders to ensure economic stability and local development.

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In what’s perhaps a surprising development, city leaders have sent an initial draft term sheet to the Trail Blazers this week outlining the city’s first proposal in negotiating a long-term agreement to keep the team in Portland. It comes weeks ahead of a scheduled council vote on August 12 to approve a tentative term sheet and just one day after Mayor Keith Wilson accused the team of withholding essential details on the project. "When you get into these type of negotiations, they're tough. Yes, the city has asked and requested certain information from the Blazers and we have not received that. We've had communication with the Blazers and had verbal conversations with the Blazers. That's what has taken place thus far," city administrator Raymond Lee said after an executive session on the draft term sheet.

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