RealGM Basketball Wiretap

22 October 2025

• Shaedon Sharpe, Trail Blazers Agree To Four-Year, $90M Extension

  The Portland Trail Blazers and guard Shaedon Sharpe have agreed to a four-year, $90 million rookie scale extension. This extension locks Sharpe in with Portland through the 2029-30 season.

  Sharpe started in 52 of the 72 games he played last season. The 6-foot-5 guard averaged 18.5 points, 4.5 rebounds and 2.8 assists per game. Sharpe shot 45% from the field.

  Portland faced a deadline of Monday to get Sharpe signed to an extension. The Trail Blazers also agreed to a four-year extension with forward Toumani Camara. Those deals lock in two young wings for the next five seasons for Portland.

• Toumani Camara, Trail Blazers Agree To Four-Year, $82M Extension

  The Portland Trail Blazers and forward Toumani Camara have agreed to a four-year, $82 million extension. The Trail Blazers are declining their team option for Camara for the 2026-27 season in order to give him the four-year extension. Portland now locks up the All-Defensive second team player through the 2029-30 season.

  Camara stated in all 78 games he played for the Blazers in his second season. The 6-foot-7 forward averaged 11.3 points, 5.8 rebounds and 1.5 steals per game. Camara shot 45.8% from the field, including 37.5% on 4.6 three-point attempts per game.

• Javonte Cooke, Trail Blazers Agree To Two-Way Contract

  The Portland Trail Blazers and wing Javonte Cooke have agreed to a two-way contract. Portland had Cooke in camp on an Exhibit 10 deal before waiving him over the weekend. Now, Cooke fills the Blazers final two-way spot.

  Cooke spent last season with the Oklahoma City Blue of the G League. The 6-foot-6 wing averaged 17.0 points, 5.0 rebounds and 2.9 assists per game last season.

  The Trail Blazers roster now stands at 18 players. Portland has 15 players signed to standard contracts and three players signed to two-way deals.

• Javonte Cooke Waived By Blazers

  The Portland Trail Blazers have requested waivers on guard Javonte Cooke. Portland's roster stands at 17, including two two-way players.

  Cooke appeared in three preseason games for the Trail Blazers.

  Cooke averaged 17.0 points, 5.0 rebounds and 2.9 assists in 28.2 minutes last season for the Oklahoma City Blue of the G League.

• NBA Team Valuations Reach $5.51 Billion Average, Up 20 Percent From 2024

  The average NBA team is now worth $5.51 billion, up 20 percent year-over-year and 113 percent since 2022, according to Sportico's calculations. The collective value of all 30 franchises reached $165 billion, driven by a landmark $76 billion media rights agreement and strategic arena investments.

  Rick Welts, newly appointed Dallas Mavericks CEO, called the current moment unprecedented for league growth.

  "Never had a moment like this where you could be as optimistic as I am," Welts said in a video interview. "A lot of people are in this league, from an international perspective, from a media perspective, and I really feel like we have the best ahead of us."

  The Golden State Warriors maintained their five-year reign as the NBA's most valuable franchise at $11.33 billion, second globally only to the NFL's Dallas Cowboys at $12.8 billion. The Los Angeles Lakers jumped to second place at $10 billion after Mark Walter's pending acquisition at 16 times revenue, surpassing the New York Knicks at $9.85 billion. The average value-to-revenue multiple for the NBA is 13.5, ahead of the WNBA at 12.0, the NFL at 10.3 and MLS at 9.4.

  The Warriors' dominance stems from arena ownership, sponsorship revenue nearly double any other team, and their WNBA affiliate, the Golden State Valkyries, valued at $500 million. The Valkyries made history as the first expansion team to qualify for the playoffs in their inaugural season.

  The new media contract with Amazon, ESPN/ABC and NBC raises each team's annual television revenue from $103 million to $143 million, with seven-percent annual increases through 2036. The "get-in" price for franchise ownership-represented by the Memphis Grizzlies at $4 billion-has jumped 2.5 times since 2022, when it stood at $1.63 billion.

  Recent high-profile sales drove valuations across the board. The Boston Celtics sold for $6.1 billion in March, while the Lakers' pending deal at $10 billion set a new record for control sales in sports history. The Portland Trail Blazers agreement at $4.25 billion followed in August.

  The NBA is pursuing expansion in Europe in partnership with FIBA, potentially launching 16 teams with a fall 2027 tipoff. The league also plans to develop a Basketball Africa League with 12 teams and dedicated home arenas. Welts emphasized international opportunities as transformational for league economics.

  "The international opportunity is multiple of what the domestic U.S. sports market is," Welts said. "The technology will allow anybody, anywhere in the world to consume any NBA game."

  New arenas are under construction in Oklahoma City ($900 million, opening 2028) and Philadelphia (2030), with the Dallas Mavericks scouting sites following 24 years at the shared American Airlines Center.

  2025 NBA Team Valuations

  Rank	Team	2025 Valuation	1-Year Change
  1	Golden State Warriors	$11.33B	+24%
  2	Los Angeles Lakers	$10B	+24%
  3	New York Knicks	$9.85B	+19%
  4	Los Angeles Clippers	$6.72B	+18%
  5	Boston Celtics	$6.35B	+12%
  6	Brooklyn Nets	$6.22B	+9%
  7	Chicago Bulls	$6.12B	+10%
  8	Miami Heat	$6.03B	+21%
  9	Philadelphia 76ers	$5.61B	+23%
  10	Houston Rockets	$5.53B	+16%
  11	Dallas Mavericks	$5.24B	+17%
  12	Toronto Raptors	$5.22B	+12%
  13	Phoenix Suns	$5.09B	+18%
  14	Atlanta Hawks	$5.02B	+23%
  15	Sacramento Kings	$5B	+22%
  16	Cleveland Cavaliers	$4.86B	+23%
  17	Denver Nuggets	$4.8B	+18%
  18	Washington Wizards	$4.78B	+20%
  19	Indiana Pacers	$4.76B	+27%
  20	Milwaukee Bucks	$4.54B	+16%
  21	San Antonio Spurs	$4.5B	+19%
  22	Oklahoma City Thunder	$4.34B	+22%
  23	Utah Jazz	$4.27B	+16%
  24	Portland Trail Blazers	$4.25B	+18%
  25	Minnesota Timberwolves	$4.24B	+29%
  26	Orlando Magic	$4.21B	+22%
  27	Detroit Pistons	$4.17B	+21%
  28	Charlotte Hornets	$4.13B	+22%
  29	New Orleans Pelicans	$4.02B	+30%
  30	Memphis Grizzlies	$4B	+31%

• Blazers Sign Sean Pedulla; Waive MarJon Beauchamp, Andrew Carr, Liam Robbins

  The Portland Trail Blazers have signed guard Sean Pedulla.

  Pedulla (6-2, 190), a member of the 2025 Trail Blazers Summer League roster, averaged 15.4 points, 3.8 assists, 3.5 rebounds and 1.9 steals in 36 games (all starts) and was named All-SEC Third Team during his final collegiate season at Ole Miss in 2024-25.

  In a subsequent move, the Trail Blazers have requested waivers on forward MarJon Beauchamp, forward Andrew Carr and center Liam Robbins.

• Shaedon Sharpe Expected To Command Extension For At Least Four Years, $100M

  Shaedon Sharpe is expected to sign an extension with the Portland Trail Blazers worth at least four years and $100 million, according to Jake Fischer of The People's Insider.

  The Blazers' initial offer to Sharpe was for four years and around $90 million.

  League executives expect Sharpe to match Josh Giddey's extension with the Bulls of four years and $100 million.

  The 22-year-old averaged 18.5 points and 4.5 rebounds last season.

• Blazers Sign Andrew Carr

  The Portland Trail Blazers have signed forward Andrew Carr.

  Carr (6-11, 235), a member of the 2025 Trail Blazers Summer League roster, played five collegiate seasons at Delaware (2020-22), Wake Forest (2022-24) and Kentucky (2024-25). He appeared in 35 games (29 starts) for the Wildcats in 2024-25, averaging 10.3 points, 4.7 rebounds and 1.7 assists in 24.0 minutes per game.

• Blazers Sign MarJon Beauchamp, Liam Robbins, Javonte Cooke To Camp Deals

  The Portland Trail Blazers have signed MarJon Beauchamp, Liam Robbins and Javonte Cooke.

  Beauchamp (6-6, 199) boasts three seasons of NBA experience-most recently finishing the 2024-25 season with the New York Knicks on a two-way contract. The Yakima, Washington, native was selected No. 24 overall in the 2022 NBA Draft by the Milwaukee Bucks and played 126 total games (12 starts) for the Bucks over three seasons (2022-25) before finishing out the 2024-25 season with stints with the LA Clippers (three games) and Knicks (six games).

  Robbins (7-0, 250) joins the Trail Blazers after spending the 2024-25 season on a two-way contract with the Milwaukee Bucks, appearing in 13 games for the Bucks and 13 games (seven starts) for the G League's Wisconsin Herd, where he averaged 9.2 points, 5.1 rebounds and 1.8 blocks in 20.3 minutes per game.

  Cooke (6-6, 185) is coming off his third G League season in 2024-25-averaging 17.0 points, 5.0 rebounds, 2.9 assists and 1.0 steal in 28.2 minutes per game with the Oklahoma City Blue.

• Jerami Grant Expects To Start For Trail Blazers

  The Portland Trail Blazers added veterans this offseason when they signed Damian Lillard and traded for Jrue Holiday. Last season also saw several young players emerge. That has the Blazers starting lineup somewhat in flux.

  Veteran forward Jerami Grant is one player who expects to start. Grant said, "I don't really expect that." when he was asked about coming off of the bench for Portland.

  Grant has started in all 164 of the games he's played for the Trail Blazers over the last three seasons. The veteran forward has three seasons and $102.6 million left on the five-year contract he signed with the Blazers in 2023.

  Portland has forwards Grant and Toumani Camara, wing Deni Avdija, and guards Holiday, Shaedon Sharpe and Scoot Henderson (when the latter is healthy enough to play), along with center Donovan Clingan, all in contention for starting spots. That's seven players for five spots when everyone is healthy. It's unclear how Chauncey Billups will approach the starting lineup, given the Blazers mix of veterans and younger players with upside.