Feb. 6, 1970: Portland gets NBA team
The Rose City joins the big leagues, as the NBA Board of Governors approves an expansion franchise for Portland.
Expansion fee: $3.7 million.
Harry Glickman and about 10 partners from Oregon and elsewhere get the team, which will begin play in the 1970-71 season. Also joining the league are Buffalo, Cleveland and Houston.
Glickman gets the news while at the Los Angeles office of Seattle Sonics owner Sam Schuman. Abe Pollin, chairman of the expansion committee and president of the Baltimore Bullets, greets him with "Congratulations, you are in the NBA."