Reject Nike Founder Phil Knight's $2B Offer

It turns out money can't buy you everything ... 'cause the Portland Trail Blazers just turned down a $2 billion offer from Nike founder, iconic businessman Phil Knight to buy the team.

The former chairman and CEO of the swoosh -- along with the Dodgers co-owner Alan Smolinisky -- submitted a lucrative offer to become the new owners of the Blazers, according to Adrian Wojnarowski.

However, despite the more than $2 bil offer on the table, the Allen group -- who controls the trust that runs the Blazers -- is adamant the team is NOT for sale.

Aside from having the capital necessary to actually purchase the Blazers (Forbes says Phil's worth $47.5 B), who play in Portland, Knight has strong ties to…