Chauncey Billups appears to be severing his ties to Oregon.
The embattled Portland Trail Blazers’ coach, who has been indicted on federal charges of money laundering and wire fraud conspiracy, has sold his Lake Oswego home.
Billups listed his 7,366 square foot house for $4.275 million on Nov. 21 and it is pending sale as of Dec. 4, according to public records. Billups bought the house for $3.9 million in July 2021, shortly after he was named coach of the Blazers.
The Rose Garden Report first reported news of the sale.
Billups was arrested at the house by federal agents in October after a multiyear investigation by law enforcement. Prosecutors allege the 49-year-old Hall of Famer was involved in a scheme to attract gamblers to rigged Mafia-backed illegal poker games in Manhattan, Las Vegas, Miami and the Hamptons.
He was one of more than 30 people arrested in conjunction with the sweeping investigation that featured two separate cases and covered 11 states.
Billups pleaded not guilty to the charges during an arraignment proceeding in Brooklyn last month, and his lawyers have said Billups plans to “fight (the) allegations with the same tenacity that marked his 28-year career.”
It’s unclear what the sale means regarding Billups’ long-term status with the Blazers. But it seems to reinforce the widely-held belief that his tenure with the organization is finished, regardless of the outcome of his federal case.
The NBA placed Billups on unpaid leave shortly after his arrest and the Blazers named assistant Tiago Splitter active coach. But while Billups is not collecting a salary from the three-year contract extension he signed in April, he remains a distant part of the organization. He presumably has been living at his main residence in Greenwood Village, Colorado.
As for the home Billups just sold, it is located on 1.74 private acres in the Forest Highlands neighborhood, according to real estate listings, and was built in 2002.
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The gated home, which includes four bedrooms and 5.5 bathrooms, is described as a “Georgian estate” that “offers timeless architecture and resort-style amenities” for a “lifestyle centered on luxury, recreation, and effortless entertaining.” The grounds feature a lagoon-style pool and spa with a waterfall, fire pit, and backyard golf practice green and bunker.
Billups, whose federal trial is expected to begin by September of next year, is scheduled to appear in court next on March 4, 2026, for a procedural hearing.
Read the original article on oregonlive.com.