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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• 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 [&...2024Continue with Tim Connelly
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• Tim Connelly Has Opt Out With Wolves After SeasonTim 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...2024Continue with Tim Connelly -
• Marc Lore, Alex Rodriguez Reportedly Planned To Reduce Wolves' Payroll Below Luxury TaxDuring 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 -
• 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....2024Check it out 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....2024Check it out Marc Lore
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• Glen Taylor Announces Wolves No Longer For Sale, Lore/Rodriguez Group Didn't Meet DeadlinesGlen 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 ...2024Visit the page Minnesota Timberwolves
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• Marc Lore, Alex Rodriguez Fail To Close On Controlling Interest Of Wolves By DeadlineGlen 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 ...2024Visit the page Marc Lore
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• Carlyle Group Exits Ahead Of Next Payment For Marc Lore, Alex Rodriguez To Buy WolvesThe 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...2024Visit the page Marc Lore
Latest Glen Taylor headlines and breaking news
Glen Taylor trade rumors, contract, salary
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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 […]...2024See also 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 ...2023Check it out 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...2023See more Marc Lore
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• Marc Lore, Alex Rodriguez Raising Money At Higher Valuation With Option Deadline CloseMarc 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...2022Check it out Marc Lore -
• Alex Rodriguez Struggling To Generate Cash For Purchase Of WolvesAlex 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...2022Continue with 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 ...2021Check it out 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....2021See also Marc Lore -
• Alex Rodriguez to become co-owner of Minnesota Timberwolves
For MLB star Alex Rodriquez is set to become the co-owner of the Minnesota Timberwolves really soon. According to Adrian Wojnarowski of ESPN, the baseball icon-turned-investor and shark is partnering with billionaire Marc Lore to purchase the Timberwolves from Glen Taylor. They are reportedly finalizing the deal, though it is worth noting that Taylor will […] The post Alex Rodriguez to becom...2021See more articles Minnesota Timberwolves
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• Kevin Garnett says he will not buy Timberwolves; Glen Taylor claims Minnesota legend never made an offer
Garnett and Taylor do not have a pleasant relationship...2021Visit the page Kevin Garnett
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• Report: Timberwolves’ value increases at crazy price despite pandemic
Minnesota Timberwolves owner Glen Taylor hired Raine Group in July to sell the franchise. At the time, Forbes estimated the franchise was worth $1.38 billion. Many around the sports world assumed the Minnesota franchise’s value would decrease during the COVID-19 pandemic. However, according to Mike Ozanian of Forbes, the Timberwolves’ value has actually somehow increased […] The ...2020Read about Minnesota Timberwolves
Glen Taylor trade rumors, contract, salary
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• Timberwolves owner Glen Taylor looking to sell the team
It looks like the Minnesota Timberwolves may be going on sale. Longtime Wolves owner Glen Taylor, 79, has reportedly retained The Raine Group—a financial advisory company—to spearhead a sale of the struggling franchise. Taylor, who boasts a net worth of $3.2 billion, has owned the Timberwolves since 1995. According to Sportico’s sources, there have already […] The post Timberwolves own...2020Continue with Minnesota Timberwolves
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• Ryan Saunders likely to return as Timberwolves head coach
Ryan Saunders, who replaced Tom Thibodeau as Minnesota’s coach in early January, appears likely to return to the position next season. Marc Stein of The New York Times (via newsletter, which you can subscribe to here) writes that “all signs” point to the Wolves retaining the 33-year-old first time head coach, citing the strong bond between Saunders and Karl Anthony-Towns. Towns’ co-sign and improv...2019See more Ryan Saunders
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• Timberwolves owner talks potential Jimmy Butler trade
Appearing today on Darren Wolfson’s podcast "The Scoop," Timberwolves owner Glen Taylor didn’t guarantee that Jimmy Butler would be traded before February’s deadline but said his best guess was that it would happen. In Taylor’s view, teams may not have put their best offers on the table yet, since they’re still trying to take advantage of Minnesota’s diminished leverage created by Butler’s strong ...2018Click for news about Jimmy Butler
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• Timberwolves demanding Eric Gordon from Rockets
The Rockets’ latest attempt to get Jimmy Butler from the Timberwolves by offering Brandon Knight, Marquese Chriss and four first-round picks is a non-starter, according to Malika Andrews of ESPN, who hears from sources that Minnesota won’t consider any deal that doesn’t include Eric Gordon. Coach Tom Thibodeau is focused on returning to the playoffs and wants a trade that will benefit the team rig...2018See also Eric Gordon
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• NBA insider believes Tom Thibodeau 'won' battle with Jimmy Butler
Timberwolves coach/executive Tom Thibodeau raised the asking price for Jimmy Butler in trade talks after last week’s infamous practice incident, ESPN’s Adrian Wojnarowski said on today’s edition of “The Jump.” The ESPN scribe adds that Thibodeau feels like he came away victorious in his struggle with owner Glen Taylor because Butler remains on the team and will play in tonight’s opener. “This is e...2018See also Tom Thibodeau
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• Kevin Garnett blasts Timberwolves owner Glen Taylor on Butler situation
Kevin Garnett is not a shy person when it comes to speaking his mind and he offered his thoughts on the Jimmy Butler saga during an appearance on TNT’s pregame show. “I totally understand [Butler]. I totally get it. And he’s dealing with [owner Glen Taylor], who doesn’t know [expletive] about basketball,” Garnett said (h/t AJ Neuharth-Keusch of USA Today). “He knows how to make money, but he don’t...2018Continue with Kevin Garnett
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• Report: Heat still trying to work out trade for Jimmy Butler
The Miami Heat have been linked to Jimmy Butler more often than any other team since Butler told the Minnesota Timberwolves he wants to be traded, and a deal remains a possibility even if talks keep breaking down. Reports over the past week have indicated that the Heat and Timberwolves got close to agreeing to a trade involving Butler, but Minnesota’s asking price is too high. According to ESPN’s ...2018Read about Jimmy Butler
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• The Heat remain the favorite to land Jimmy Butler
The Heat remain the favorite to land Jimmy Butler should the Wolves trade him away, according to Marc Stein of the New York Times. Miami is Butler’s preferred destination, and owner Glen Taylor has been informed of the four-time All-Star’s preference.Stein writes that Butler’s preference matters in this situation because the wing can become a free agent after the season. Miami doesn’t want to wait...2018Continue with Jimmy Butler
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• Woj: Wolves’ asking price for Butler too high
Little progress has been made in Jimmy Butler trade talks because teams believe the Timberwolves are asking too much in return, tweets ESPN’s Adrian Wojnarowski. Minnesota owner Glen Taylor hopes to get a deal get done soon, but the organization is holding out for an offer that provides quality veterans, top prospects, future assets and cap relief. The price has been too high so far for all the te...2018Click for news about Jimmy Butler
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• Thibodeau tries to convince Butler to report
Timberwolves coach and president of basketball operations Tom Thibodeau met with Jimmy Butler on Monday, attempting to coax the disenchanted swingman to rejoin the team during the preseason, Adrian Wojnarowski of ESPN tweets.It’s another hint that Thibodeau hopes to patch things up with Butler and keep his core group intact rather than trade him. Butler did not report to training camp as he awaits...2018See more articles Tom Thibodeau