Wolves Notes: Ownership Battle, Gobert, Alexander-Walker, DiVincenzo

The nearly year-long battle that Glen Taylor waged to keep control of the Timberwolves gave Marc Lore and Alex Rodriguez more time to improve their financial position, writes Jon Krawczynski of The Athletic. Taylor gave up that fight this week and reportedly won’t appeal an arbitration case that was decided in favor of the new owners.

As Krawczynski writes, Lore and Rodriguez were able to secure former New York City mayor Michael Bloomberg as a minority investor and set aside $950MM in an escrow account. Although they still need formal approval from the NBA’s Board of Governors, having that much cash on hand takes away any financial concerns about their ability to operate the team.

Sources tell Krawczynski that the long-running dispute has ended any plans of having Taylor remain as a limited partner after the sale is finalized. Taylor will be fully bought out, and complete control will be transferred to the Lore-Rodriguez group, which also includes former Google CEO Eric Schmidt and several other high-profile investors.

Krawczynski speculates that Taylor, who underwent hip surgery in December, wanted to put the issue behind him now that he’s feeling better physically. He also recognized that it’s difficult to get an arbitrator’s decision reversed, and he doesn’t want to be responsible for the team’s tax bill of nearly $90MM when the league’s fiscal year ends this summer.

There’s more from Minnesota:

• Rudy Gobert‘s presence in the middle gives the Wolves hope of recapturing the dominant defense that led the NBA last season, Krawczynski adds in a separate story. The team has been more sporadic this year, Krawczynski observes, ranking sixth in defensive efficiency, but Gobert is asserting himself more as the playoffs approach. “I just try to set the tone,” he said. “I know that when I do that, it’s contagious for the team. For me, it’s really important to do it for the first minute of the game to the last and in practice every day and in the weight room. Wherever I’m at, I try to lead by example.”
• Nickeil Alexander-Walker described himself as “lost” when he was sent to Minnesota along with Mike Conley at the 2023 trade deadline, per Chris Hine of The Star Tribune. Alexander-Walker has developed into a valuable rotation player, but he feared at the time that his NBA career might be close to an end. “Traded twice in 18 hours, not knowing what my reality of my career was gonna be,” he recalled. “Especially going into year four, I truly believed this could be my last year, going into my contract year, haven’t really had the opportunity to show what I could do.”
• In an interview with Simone Sandri of La Gazzetta dello Sport, Donte DiVincenzo said he hopes to play for Italy at EuroBasket this summer. DiVincenzo recently talked to officials from the Italian national team and just has to finalize his passport. “I would say yes, we are all on the same wavelength,” he said. “For me it would be great to represent Italy, now we just have to wait for the documents to arrive.”