The following is a detailed history of the Portland Trail Blazers, a professional basketball team which joined the Western Conference of the National Basketball Association in 1970.
 They play at the Moda Center in the Lloyd District of Portland.
 They are owned by Microsoft co-founder and Vulcan Inc. chairman Paul Allen, who purchased the team in 1988.
 The team is often referred to as "Rip City", which was coined by play-by-play announcer Bill Schonely during their inaugural season.
 The Trail Blazers have retired several players jerseys, including Naismith Memorial Basketball Hall of Fame members Clyde Drexler and Bill Walton.
 Jack Ramsay, who was the Trail Blazers head coach from 1976 to 1986, had the number 77 retired in honor of Portland's only NBA Finals victory in 1977.
 Portland has had four NBA Rookies of the Year; Geoff Petrie (1971), Sidney Wicks (1972), Brandon Roy (2007) and Damian Lillard (2013).
 The only NBA Most Valuable Player that earned the award as a member of the Trail Blazers was Bill Walton in 1978.
Protein engineering is the process of developing useful or valuable proteins.
 It is a young discipline, with much research taking place into the understanding of protein folding and recognition for protein design principles.
 It is also a product and services market, with an estimated value of $168 billion by 2017.
The Golden State Warriors are an American professional basketball team based in Oakland, California.
 The Warriors compete in the National Basketball Association (NBA) as a member of the league's Western Conference Pacific Division.
 The Warriors play their home games at the Oracle Arena in Oakland.
 The Warriors have reached nine NBA Finals, winning five NBA championships in 1947, 1956, 1975, 2015 and 2017.
 Golden State's five NBA championships are tied for fourth-most in NBA history with the San Antonio Spurs, and behind only the Boston Celtics (17), Los Angeles Lakers (16) and Chicago Bulls (6).
 As of 2017, the Warriors are the third most valuable NBA franchise according to "Forbes", with an estimated value of $2.6 billion.
Randy Johnson represented the 5th District of Hennepin County government in Minnesota from 1979-2017.
 Hennepin County is the largest of Minnesota's 87 counties in population, budget and estimated value.
 Hennepin County's population is 1.1 million, which is 21 percent of the state's total population, and about one third of the population of the Twin Cities metropolitan area.
 Minneapolis is the county seat.
Moritomo Gakuen (学校法人森友学園 Gakkō hōjin Moritomo Gakuen) is a Japanese company specialising in education.
 It is involved in a 2017 political scandal implicating Prime Minister Shinzō Abe and his wife, Akie Abe.
 The scandal began when Asahi Shimbun reported on February 9 that an 8,770 square meter property in Toyonaka, Osaka Prefecture had been sold by the central government of Japan to Moritomo Gakuen for around ¥134 million, about 14% of the land's estimated value.
 Akie Abe was named honorary principal of the elementary school, Mizuho no Kuni, to be built on the property purchased.
 As the scandal unfolded, she resigned from the position in late February after facing criticism for her decision to accept the position.
 Prior to her resignation, Moritomo Gakuen removed a message from Akie endorsing the school, praising its nationalistic moral education program.
William Theodore Walton III (born November 5, 1952) is an American retired basketball player and television sportscaster.
 Walton became known playing for John Wooden's powerhouse UCLA Bruins in the early 1970s, winning three successive College Player of the Year Awards, while leading the Bruins to two Division I national titles.
 He then went on to have a prominent career in the National Basketball Association (NBA) where he was a league Most Valuable Player (MVP) and won two NBA championships.
 His professional career was significantly hampered by multiple foot injuries.
 Walton was inducted into the Naismith Memorial Basketball Hall of Fame on May 10, 1993 and the Oregon Sports Hall of Fame that same year.
Derrick Walton Jr. (born April 3, 1995) is an American basketball player for the Miami Heat of the National Basketball Association (NBA), on a two-way contract with the Heat's NBA G League affiliate, the Sioux Falls Skyforce.
 Walton played college basketball for the Michigan Wolverines.
 In high school, he was a 2013 "Parade" All-American, the 2013 Michigan Boys Basketball Gatorade Player of the Year and the runner up in the 2013 Mr. Basketball of Michigan as a senior at Chandler Park Academy.
 He was a 2013–14 Big Ten Conference men's basketball season All-Freshman selection in the Big Ten for the 2013–14 team, which won the 2013–14 Big Ten Conference regular-season championship outright.
 He was a 2015–16 Big Ten Conference men's basketball season All-Big Ten third team selection by the coaches and honorable mention selection by the media as a junior.
 He was a 2016–17 Big Ten Conference men's basketball season All-Big Ten second team selection by the coaches and the media as a senior.
 Walton is the only Wolverine with 1,000-points, 500-rebounds and 400-assists and holds the school single-game assist record (16).
 He was the Most Outstanding Player of the 2017 Big Ten Conference Men's Basketball Tournament for the tournament champion 2016–17 Wolverines.
The 2011–12 Memphis Tigers men's basketball team represented the University of Memphis in the 2011–12 college basketball season, the 91st season of Tiger basketball.
 The Tigers were coached by head coach Josh Pastner.
 Pastner was assisted by Jack Murphy and Damon Stoudamire.
 From the summer of 2011 until December 2011, NBA player Luke Walton was also an assistant coach, though he departed from the position with the end of the NBA lockout.
 Jimmy Williams was brought in to replace Walton for the remainder of the 2011–12 season.
 The Tigers played their home games at the FedExForum in Memphis, Tennessee and were members of Conference USA.
Luke Theodore Walton (born March 28, 1980) is an American former professional basketball player and the current head coach of the Los Angeles Lakers.
 He played 10 seasons in the NBA as a forward, and won two NBA championships with the Lakers and won one with the Golden State Warriors as an assistant coach.
The Los Angeles Lakers are an American professional basketball team based in Los Angeles.
 The Lakers compete in the National Basketball Association (NBA), as a member of the league's Western Conference Pacific Division.
 The Lakers play their home games at Staples Center, an arena shared with the NBA's Los Angeles Clippers, the Los Angeles Sparks of the Women's National Basketball Association, and the Los Angeles Kings of the National Hockey League.
 The Lakers are one of the most successful teams in the history of the NBA, and have won 16 NBA championships, their last being in 2010.
 As of 2017, the Lakers are the second most valuable franchise in the NBA according to "Forbes", having an estimated value of $3.0 billion.

Question: As of 2017, what was the estimated value of the basketball team that Luke Theodore Walton coaches?
Answer: $3.0 billion