NEW YORK, March 30 -- NBA Commissioner David Stern released the following statement today:

"Over the past six weeks the NBA has attempted to broker an agreement between the Trail Blazers and the owners of the Rose Garden to sell the team and the arena to one of several prospective purchasers that we had identified. Unfortunately, the arena owners have not offered any constructive response to these efforts and recently advised us that they are satisfied with the status quo. Accordingly, we have advised both parties that we have withdrawn from the process."