They were looking so loaded a few years back. Now Roy has retired, they've finally severed ties with Oden who may never play again, and they've let McMillan go at the top. They still have Aldridge to build around, and Nic Batum is a nice asset, but it does seem like they're in complete rebuilding mode now.
It is a bit surprising to see how far Portland has fallen. They had the world on the platter a few years ago. They were supposed to be what OKC is now and maybe woulda been had they taken Durant. Of course hindsight is 20/20 and hard to chalk up what happened to Oden and Roy as anything more than horrendous luck.