Glen Taylor trade rumors, contract, salary
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Latest Glen Taylor headlines and breaking news
Glen Taylor trade rumors, contract, salary
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• Timberwolves Ownership Arbitration Heads To Deliberation PhaseThe Minnesota Timberwolves ownership dispute has finished the hearings phase. Now the three-person panel has headed into deliberations that could take a few months before completing. Current Wolves owner Glen Taylor called off the sale of the team to a group led by Marc Lore and Alex Rodriguez at the end of March. Taylor's side of the dispute says that the Lore/Rodriguez group missed a deadline to...2024Read about Minnesota Timberwolves -
• Lore-Rodriguez Will Need NBA BOG Approval To Control Wolves Even If They Win ArbitrationMinnesota Timberwolves and Minnesota Lynx controlling owner Glen Taylor and minority owners Marc Lore and Alex Rodriguez will begin their arbitration hearing this week as both sides are fighting for controlling ownership of the franchise. A decision is expected in December. While the arbitration decision is binding, Lore and Rodriguez would still need their purchase of the Wolves to be approved by...2024Read about Minnesota Timberwolves -
• Wolves Notes: Knicks Trade, Randle, DiVincenzo, Towns
While long-term salary cap considerations played a factor in Minnesota’s blockbuster trade with New York, Timberwolves sources tell Jon Krawczynski of The Athletic that majority owner Glen Taylor was only willing to sign off on a deal involving Karl-Anthony Towns if the front office believed it would improve the team entering the 2024/25 season. Last […]...2024Read about Jon Krawczynski
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• Celtics' Ownership Group Preparing To Sell FranchiseThe majority ownership group of the Boston Celtics has put the franchise up for sale. The group purchased the team in 2002 in for $360 million and they're now likely worth over $5 billion. Wyc Grousbeck serves as governor of the Celtics. The group expects to sell a majority interest in 2024 or early 2025 with the balance closing in 2028. Grousbeck expects to remain as Governor of the Celtics until...2024Read about Boston Celtics -
• Northwest Notes: Finch, Towns, Wolves’ Draft, Jazz’s Picks, Zanik, Caruso
Timberwolves owner Glen Taylor made stability a priority regarding the franchise’s leadership positions while his ongoing dispute with prospective majority owners Marc Lore and Alex Rodriguez plays out, Jon Krawczynski of The Athletic reports. That resulted in head coach Chris Finch signing a four-year extension, though Lore and A-Rod were also in favor of extending […]...2024Read about Marc Lore
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• Billionaire, former New York mayor Michael Bloomberg joins Rodriguez/Lore group trying to buy TimberwolvesGlen Taylor called off the sale saying Lore/Rodriguez missed a deadline, they deny it and the situation is in arbitration....2024
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• Tim Connelly's Long-Term Future To Be Determined After Resolution Of Wolves' Owner BattleTim Connelly agreed to a restructured contract with the Minnesota Timberwolves this week, which defers his opt-out until the 2025 offseason. Glen Taylor continues to make the decisions on the franchise while his legal battle with the Marc Lore/Alex Rodriguez ownership group plays out via arbitration. All sides are open to a long-term deal once clarity on the ownership of the franchise is reached. ...2024Read about Tim Connelly -
• Michael Bloomberg Joins Lore/Rodriguez Group Purchasing WolvesMichael Bloomberg has agreed to join the ownership group of Marc Lore and Alex Rodriguez as they attempt to take majority control of the Minnesota Timberwolves. Bloomberg is the 12th richest person in the world at over $106 billion. Lore and Rodriguez currently own 40 percent of the Timberwolves and are in a legal battle with Glen Taylor for the additional 40 percent of the franchise they agreed t...2024Read about Marc Lore
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• Tim Connelly, Wolves Agree To Restructured Contract With Opt-Out In 2025Tim Connelly and the Minnesota Timberwolves have agreed to a restructured contract that will allow him to again have an opt-out clause after the 24-25 season. The Wolves hired Connelly away from the Denver Nuggets during the 2022 offseason and he had the ability to opt-out of his contract this offseason. Connelly signed a five-year, $40 million deal with Marc Lore and Alex Rodriguez driving the de...2024Read about Tim Connelly
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• Tim Connelly, Wolves Agrees To Restructured Contract With Opt-Out In 2025Tim Connelly and the Minnesota Timberwolves have agreed to a restructured contract that will allow him to again have an opt-out clause after the 24-25 season. The Wolves hired Connelly away from the Denver Nuggets during the 2022 offseason and he had the ability to opt-out of his contract this offseason. Connelly signed a five-year, $40 million deal with Marc Lore and Alex Rodriguez driving the de...2024Read about Tim Connelly
Latest Glen Taylor headlines and breaking news
Glen Taylor trade rumors, contract, salary
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• Karl-Anthony Towns More Likely To Be Eventually Traded If Lore/Rodriguez Group Takes Control Of WolvesThe future of Karl-Anthony Towns with the Minnesota Timberwolves could be dependent on whether control of the franchise ultimately ends up with Glen Taylor or the Marc Lore/Alex Rodriguez group. There is speculation around the NBA that the Lore/Rodriguez group will be more frugal and could trade Towns to save on salary and luxury tax. "Let me just say this: I don't believe it is going to get slash...2024Read about Karl Anthony -
• Timberwolves Willing To Pay Tax To Keep Team Together
The Minnesota Timberwolves project to have one of the NBA's most expensive teams next season. The Wolves have nearly $191 million in guaranteed salary on their books for nine players. That figure is already over the projected second apron of $189.5 million, before the team finishes filling out the roster. That sort of spending is unprecedented in Minnesota's history. However, as the team's ownersh...2024Read about Minnesota Timberwolves
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• Glen Taylor To Meet With Tim Connelly To Discuss Future
Minnesota Timberwolves primary governor Glen Taylor plans to meet with president of basketball operations Tim Connelly to discuss Connelly's future with the team. Connelly can opt out of his contract in the coming days. The Wolves ownership battle could be a factor in Connelly's decision to stay or to pursue other opportunities. The Detroit Pistons were rumored to be interested in hiring Connelly ...2024Read about Minnesota Timberwolves
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• Connelly Among Potential Candidates For Pistons’ President Opening
The Pistons would be interested in Timberwolves president of basketball operations Tim Connelly if Connelly exercises the opt-out clause in his Minnesota contract at the end of the season, Marc Stein reports in his latest Substack post. The dispute between current Timberwolves majority owner Glen Taylor and minority owners Alex Rodriguez and Marc Lore could cause Connelly to weigh his future in [&...2024Read about Tim Connelly
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• Tim Connelly Has Opt Out With Wolves After Season
Tim Connelly has an opt out in his contract with the Minnesota Timberwolves after the 23-24 season. Connelly was hired by the Wolves on a five-year, $40 million deal in 2022 with Marc Lore and Alex Rodriguez driving the decision that Glen Taylor signed off on. Connelly's opt out was intended to line up with Lore and Rodriguez taking over ownership of the Wolves. The Wolves will likely finish as th...2024Read about Tim Connelly
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• Marc Lore, Alex Rodriguez Reportedly Planned To Reduce Wolves' Payroll Below Luxury Tax
During their failed process to assume majority ownership of the Minnesota Timberwolves, Marc Lore and Alex Rodriguez submitted financial projections forecasting a sizable retreat in roster payroll that majority owner Glen Taylor believed would jeopardize the team's ability to contend. In documents shared with Taylor, the NBA and The Carlyle Group, a private equity firm, Lore and Rodriguez rendered...2024Read about Marc Lore
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• What's next for Wolves owner Glen Taylor and minority owners Marc Lore and Alex Rodriguez?The Minnesota Timberwolves remain in ownership limbo. These are the biggest questions following last week's announcement that the contract to sell control of the team has been voided....2024Read about Marc Lore -
• Ex-MLB star Alex Rodriguez vows to keep trying to buy Timberwolves franchise despite rejection
After owner Glen Taylor announced that the Timberwolves franchise wasn’t for sale any longer, drama has unfolded this week around the NBA. The executive claimed that potential buyers Marc Lore and ex-MLB star Alex Rodriguez did not meet their deadline to close the deal, but the prospects have now pushed back by insisting that they […] The post Ex-MLB star Alex Rodriguez vows to keep tr...2024Read about Marc Lore
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• Latest On Timberwolves’ Ownership Situation
Current Timberwolves majority owner Glen Taylor and the Marc Lore/Alex Rodriguez-led group that expected to take over control of the team have a difference of opinion over whether the prospective owners should have been granted an extension on Wednesday’s deadline to finalize the sale, according to Chris Hine of The Star Tribune. [RELATED: Glen Taylor […]...2024Read about Marc Lore
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• Glen Taylor says Marc Lore, Alex Rodriguez missed deadline to buy final 40% of Timberwolves, sale offLore and Rodriguez counter they have the money and meet the criteria for an extension to finish the league's approval process....2024Read about Marc Lore
Glen Taylor trade rumors, contract, salary
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• Glen Taylor Announces Wolves No Longer For Sale, Lore/Rodriguez Group Didn't Meet Deadlines
Glen Taylor will remain as controlling owner of the Minnesota Timberwolves after Marc Lore and Alex Rodriguez did not close on their option by the March 27th deadline. Lore and Rodriguez agreed to purchase the Wolves in 2021 at a valuation of $1.5 billion. The deal allowed them to purchase 20 percent of the team in July 2021, 20 percent more in 2022 and 40 percent more in 2023. Lore and Rodriguez ...2024Read about Minnesota Timberwolves
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• Marc Lore, Alex Rodriguez Fail To Close On Controlling Interest Of Wolves By Deadline
Glen Taylor will remain as controlling owner of the Minnesota Timberwolves after Marc Lore and Alex Rodriguez did not close on their option by the March 27th deadline. Lore and Rodriguez agreed to purchase the Wolves in 2021 at a valuation of $1.5 billion. The deal allowed them to purchase 20 percent of the team in July 2021, 20 percent more in 2022 and 40 percent more in 2023. Lore and Rodriguez ...2024Read about Marc Lore
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• Carlyle Group Exits Ahead Of Next Payment For Marc Lore, Alex Rodriguez To Buy Wolves
The Carlyle Group has dropped out of financing the next payment by Marc Lore and Alex Rodriguez to purchase the Minnesota Timberwolves. Carlyle had been in talks with the NBA for several months about the possible investment, but were unable to agree to a structure that would be approved by the league. Glen Taylor said on Tuesday there's been issues surrounding $300 million of financing for the lat...2024Read about Marc Lore
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• Wolves Notes: Sale, Conley, Gobert, Edwards
There may be a new snag in the sale of the Timberwolves with the deadline a little more than a week away, according to Minnesota sports reporter David Shama. Appearing Monday on Shama’s Sports Headliners show, current owner Glen Taylor shared news about a financing challenge facing buyers Marc Lore and Alex Rodriguez. “They had […]...2024Read about Marc Lore
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• Marc Lore, Alex Rodriguez To Acquire Controlling Ownership Of Wolves By Early 2024
Marc Lore and Alex Rodriguez are expected to exercise their option to acquire controlling ownership of the Minnesota Timberwolves form Glen Taylor as soon as today. The partners face a December 31st deadline. The action formalizes their intent to purchase an additional 40 percent of the franchise from Taylor and give Lore and Rodriguez 80 percent ownership by early 2024. Lore and Rodriguez agreed ...2023Read about Marc Lore
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• Marc Lore, Alex Rodriguez May Need Extension For Next Payment To Purchase Wolves
Marc Lore and Alex Rodriguez may need an extension for their last payment to become majority owners of the Minnesota Timberwolves. Glen Taylor revealed the circumstances of the unique payment plan during a podcast appearance. The incoming owners have until the end of December to exercise a call option, or state their intention to make their next payment and have the next 60 to 90 days to close, a...2023Read about Marc Lore
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• Marc Lore, Alex Rodriguez Raising Money At Higher Valuation With Option Deadline Close
Marc Lore and Alex Rodriguez have spent the past six months raising money to fund their purchase of the Minnesota Timberwolves with a Dec. 31 deadline to exercise an option to buy another 20 percent of the franchise from Glen Taylor. The deadline is the first of three pre-priced call options in a unique layaway deal approved by the NBA last July. Rodriguez and Lore have spoken with private equity...2022Read about Marc Lore
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• Alex Rodriguez Struggling To Generate Cash For Purchase Of Wolves
Alex Rodriguez and Marc Lore were supposed to be equal partners in the Minnesota Timberwolves when they made a $250 million down payment in July 2021, but Rodriguez failed to come up with his full share. Lore covered the balance and as a result, he now has a roughly 13 percent share while Rodriguez has amassed seven percent. "Alex and Marc were supposed to be 50/50," an NBA source said. "Alex coul...2022Read about Marc Lore
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• Timberwolves owner Glen Taylor responds to juicy lawsuit revelation as sale to Alex Rodriguez hits snag
Minnesota Timberwolves minority owner Meyer Orbach filed a lawsuit against majority owner Glen Taylor, alleging that Taylor is in breach of contract because Orbach hasn’t had the opportunity to sell his 17% stake in the franchise before the $1.5 billion sale to Alex Rodriguez and Marc Lore. While it doesn’t appear this lawsuit will ultimately […] The post Timberwolves owner Glen ...2021Read about Minnesota Timberwolves
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• Report: Key deadline passes without Alex Rodriguez and Marc Lore buying TimberwolvesTimberwolves owner Glen Taylor has once again not sold the Timberwolves....2021Read about Marc Lore