Minnesota Timberwolves Rumors | Hoops Rumors

Timberwolves Confirm Sale Agreement

May 14th, 2021 at 12:07pm CST by Arthur Hill

The Timberwolves have issued a statement confirming that the team will be sold to Marc Lore and Alex Rodriguez, tweets Brian Windhorst of ESPN.

“Glen Taylor has reached an agreement with Marc Lore and Alex Rodriguez regarding the sale and future ownership of the Wolves and (WNBA) Lynx,” the statement reads. “The transaction will close following league approval beginning the transition of ownership and a new chapter.”

The sale price will be $1.5 billion, and operating control will transfer to Lore and Rodriguez in the 2023/24 season, Windhorst adds (via Twitter). Also included in the sale are the team’s G League affiliate (the Iowa Wolves) and eSports franchise (T-Wolves Gaming).

News of the formal agreement broke Thursday, with a report that a deal was in place after several weeks of negotiating. Lore and Rodriguez went past their 30-day exclusive window, but it turned out to be necessary for all the details to be finalized.

Since negotiations began, the plan has been for Lore and Rodriguez to serve as limited partners for two years while Taylor retains majority control. That will give them an opportunity to become fully immersed in the operations of an NBA franchise before taking it over completely.

Taylor, who recently turned 80, has put the team on the market several times over the years, but hadn’t been able to find the right offer. He has been insistent that any new owners keep the team in Minnesota.

Alex Rodriguez, Marc Lore Reach Agreement To Buy Timberwolves

May 13th, 2021 at 12:45pm CST by Luke Adams

Former MLB star Alex Rodriguez and tech entrepreneur Marc Lore have an agreement in place to buy the Timberwolves from current owner Glen Taylor, a source tells A.J. Perez and Michael McCarthy of Front Office Sports.

As previously reported, the valuation of the franchise in the sale is $1.5 billion, per Shams Charania of The Athletic (Twitter link). According to Charania (Twitter link), Rodriguez and Lore, who are expected to formally sign the paperwork shortly, will be equal partners in the purchase.

The deal, which includes the WNBA’s Minnesota Lynx, won’t be official until it receives approval from the NBA’s Board of Governors, as Perez and McCarthy note. However, there’s no indication that won’t be a formality now that Rodriguez and Lore have reached an agreement with Taylor.

Rodriguez and Lore appeared close to finalizing a deal to buy the Wolves from Taylor back on April 10, when the two sides entered into a 30-day exclusive negotiating window to hammer out the specific details. That 30-day window ended earlier this week, but the parties continued to negotiate in good faith, with Lore expressing that he believed the talks were “close to the finish line.” It seems he was right.

We’ll have to wait for confirmation on the terms of the agreement, but the plan all along has been for Taylor to retain majority control of the franchise for the time being, with Rodriguez and Lore initially serving as limited partners. The new owners would take the reins by the 2023/24 season. The Nets took a similar approach to their most recent sale, with Joe Tsai purchasing a partial stake in the franchise from Mikhail Prokhorov before eventually assuming majority control.

Taylor, who bought the team for $88MM in 1994, has placed it on the market several times over the years, but hadn’t found an offer he was willing to accept until now. The 80-year-old was insistent on keeping the Wolves in Minnesota and wanted to find purchasers who would agree to become short-term partners so he could mentor them before they fully took over.

Rodriguez was a 14-time All-Star as an MLB player, winning three MVP awards in 2003, 2005, and 2007, along with a title in 2009. Since retiring from baseball in 2016, A-Rod has become an entrepreneur and media star. His investments include fitness gyms, coconut water, e-sports, Fanatics, and a digital delivery service called goPuff.

Lore began his fortune with Quidsi, which sold to Amazon for $545MM in 2011, and later founded Jet.com, which Walmart bought for $3.3 billion in 2016. He served as Walmart’s eCommerce chief from 2016-21 before stepping down from that position earlier this year.

Arthur Hill contributed to this story. Photo courtesy of USA Today Sports Images.

And-Ones: Barea, Schedule, COVID-19, Future Rankings

May 13th, 2021 at 12:11pm CST by Luke Adams

Due to family-related commitments, veteran guard J.J. Barea had to leave Spanish club Estudiantes before the team’s season formally ends, he announced on Instagram (hat tip to Sportando). Barea signed back in January to spent the season in Spain after being waived by Dallas in December.

Reports earlier this year indicated that Barea’s contract with Estudiantes included an NBA out and that he remained “determined” to make it back to the NBA. Teams technically have until Sunday to sign free agents, and Barea would be postseason-eligible if he returns, but there has been no indication so far that an NBA club intends to sign him.

Here are a few more odds and ends from around the league:

The NBA has formally announced the start times for its Saturday and Sunday games. There was reportedly some consideration given to having all of Sunday’s games start around the same time in the afternoon to avoid last-minute tanking, but logistical concerns – including those related to COVID testing – prevented that from happening. Most of Sunday’s games will tip off in the evening.
The NBA and NBPA announced on Wednesday that only one of the 497 players tested for COVID-19 since May 5 returned a new confirmed positive test. That’s an encouraging result with the playoffs around the corner — it’s the lowest weekly total among players since April 7-14.
Speaking of the playoffs and COVID-19, the NBA is still weighing how to handle positive tests in the postseason to avoid the risk of potential spread, according to Ben Rohrbach of Yahoo Sports, who says the league has discussed the possibility of delaying postseason games if necessary.
ESPN’s Bobby Marks and Kevin Pelton (Insider link) have updated their future power rankings, which rank the NBA’s teams based on their projected success for the next three seasons beyond 2020/21. The Nets and Clippers sit atop the list, with the Knicks moving all the way up from No. 27 to No. 7. The Cavaliers continue to hold the bottom spot, while the Timberwolves have slipped to No. 29.

Marc Lore Believes Wolves Negotiations “Close To Finish Line”

May 12th, 2021 at 6:15pm CST by Luke Adams

As we detailed on Tuesday, the exclusive 30-day negotiating window that Timberwolves owner Glen Taylor and a group led by Alex Rodriguez and Marc Lore entered into last month expired this week, but the two sides reportedly continue to negotiate in good faith.

Speaking to Matthew Boyle of Bloomberg, Lore confirmed that point and expressed optimism that a deal will get done. According to Boyle, Lore said that talks with Taylor are “going well” and that he thinks they’re “getting close to the finish line.”

While Lore’s comments don’t provide any guarantees, they’re an encouraging sign, given that Taylor has entered into exclusive negotiating windows with potential suitors for the team in the past and has never completed a deal.

Taylor appears to have gotten much further down the road with Lore and Rodriguez than with those previous bidders. The two sides have already agreed on some key points, including a valuation in the $1.5 billion range for the franchise, and a plan to have Lore and A-Rod come aboard as limited partners before they eventually assume majority control.

Still, with the exclusivity window closed and no deal officially done, there’s an opening for other interested parties to get in touch with Taylor and attempt to gain some traction in discussions of their own. Marc Stein of The New York Times reports (via Twitter) that former NBA wing Arron Afflalo, who is heading up one potential ownership group, intends to resume his efforts to buy the team. It remains to be seen if those talks or others will go anywhere.

Timberwolves Sale Negotiations Continue Beyond 30-Day Window

May 11th, 2021 at 9:24am CST by Luke Adams

When a group led by former MLB star Alex Rodriguez and tech entrepreneur Marc Lore reached a tentative agreement to buy the Timberwolves from current owner Glen Taylor last month, the two sides entered into a 30-day exclusive negotiating window to finalize the terms of the deal.

That 30-day window has now closed, and Rodriguez, Lore, and Taylor have yet to complete their agreement, as Brian Windhorst of ESPN writes. However, the parties continue to negotiate in good faith in the hopes of hammering out a deal, Windhorst adds.

As Jon Krawczynski of The Athletic observes (via Twitter), the end of the 30-day window didn’t represent a deadline to finalize the sale. It simply gave the two sides a month to focus on completing a deal without Taylor considering other potential buyers.

Now that the window has closed, Taylor could theoretically look elsewhere, but it sounds like he remains focused on the Rodriguez/Lore group. The two sides may agree to extend the exclusive negotiating window, Windhorst notes, though that hasn’t been done yet.

Taylor has entered into exclusive negotiating windows in the past with interested parties and hasn’t closed a deal in those instances. However, he never got as far down the road with any of those previous suitors as he has with Rodriguez and Lore.

As we detailed last month, the two sides have agreed on a valuation of the franchise in the $1.5 billion range, which would include the WNBA’s Minnesota Lynx in addition to the Timberwolves.

The two sides have also agreed on a plan to have Rodriguez and Lore initially come aboard as minority partners before assuming majority control by the 2023/24 season. According to Windhorst, one issue that has been at the center of discussions in recent weeks has been a guarantee that Taylor will cede his majority control of the franchise by a specific date.

It still appears that the parties will eventually work out the specific terms and agree to a deal, but until the sale is official, it’s a situation worth monitoring.

Northwest Notes: Nowell, Towns, Maledon, Rivers

May 10th, 2021 at 6:47pm CST by Dana Gauruder

Timberwolves guard Jaylen Nowell had a rough time coming back from a right tibia contusion suffered on April 3, Chris Hine of the Minneapolis Star Tribune details. He tried to come back 10 days later and shot 1-for-14 from the field in two games. After taking some time off, Nowell returned on Friday and saw 25 minutes of action on Sunday against Orlando.

“It affected my shot the most,” he said. “I was really shooting off one leg and trying to come back, I came back a little too early; I came back when I was still hurting.”

Nowell, the team’s 2019 second-round pick, has a non-guaranteed $1.78MM contract for next season.

We have more from the Northwest Division:

Karl-Anthony Towns will remain with the Timberwolves long term if the franchise continues to add quality pieces, Jon Krawczynski of The Athletic speculates in an interview with Hoops Hype’s Michael Scotto. ‘Ultimately, what it comes down to is will the Timberwolves put a winning team around Towns? If they don’t, eventually, he will go. If they do, I think he’ll stay for a long time,” Krawczynski said. “I don’t think that this summer is the be-all and end-all for it. I think he’s got one more year at least of seeing how this is all going to work out.”
Rookie Theo Maledon finds himself in a much different role with the Thunder than when he began the season, Joe Mussatto of The Oklahoman notes. With many players injured or sitting out, Maledon has become more of a scoring guard. “The injuries and the new guys on the roster forced me to be that kind of guy, be more aggressive and have more opportunity to create for me and my teammates,” he said. The early second-round pick has averaged 12.4 PPG since the All-Star break.
Austin Rivers has learned to become more of a team player, Mike Singer of the Denver Post writes. Rivers, who signed a rest-of-the-season contract with the Nuggets late last month after completing a 10-day deal, has scored 55 points over the last three games while receiving extensive playing time. “When you have a fresh start like (in Denver) … and then you just stop trying to put so much emphasis on yourself,” he said. “I think that’s the biggest difference in my game right now and just my approach as a player. I’ve given myself to the team. Whether I play 35 minutes or five minutes, I’m going to be positive as hell.”

Lottery Races To Watch During Season’s Final Week

May 10th, 2021 at 2:18pm CST by Luke Adams

Although the races for the final playoff positions in the Eastern and Western Conference will generate more excitement during the last week of the NBA’s 2020/21 season, the jockeying for lottery positioning near the bottom of the league’s standings may ultimately be more meaningful in the long run. The seventh and eighth seeds rarely win a playoff series, but at least one or two teams generally land franchise-changing players in the draft lottery every year.

The lottery odds have been flattened and the format has been tweaked enough in recent years that finishing at or near the bottom of the NBA standings doesn’t necessarily guarantee a top spot in the draft. But teams can still improve their odds of landing a top pick based on where they finish in the standings.

With the help of our reverse standings tool, here are a few lottery situations and races to watch down the stretch:

The Rockets will clinch the lottery’s top spot

It’s not official yet, but the Rockets (16-52) will finish the season with the NBA’s worst record and the No. 1 spot in the lottery standings. They could formally secure that spot with a loss on Monday night in Portland.

Because the top three teams in the lottery standings will each have identical odds at the No. 1 pick (14.0%) and at a top-four pick (52.1%), it’s not necessarily a huge advantage to finish with the NBA’s worst record instead of the third-worst record. However, the Thunder will certainly appreciate the Rockets finishing dead last instead of third-last.

The Rockets will be forced to sent their pick to Oklahoma City in exchange for Miami’s first-rounder, but only if it falls outside of the top four. That means Houston will have a 52.1% chance to hang onto its pick and a 47.9% chance of sending it to the Thunder.

If the Rockets had finished third in the lottery standings, those odds wouldn’t change, but the pick could slip as far as sixth or seventh if multiple teams leapfrog Houston in the lottery. Because the Rockets will be No. 1 in the lottery standings, that pick can’t fall further than fifth overall — that would be the ideal outcome for Oklahoma City and there’s a 47.9% chance it will happen.

The Nos. 2 through 6 spots are up for grabs

The Pistons (20-49) currently rank second in the lottery standings, followed by the Thunder (21-48), then the Magic, Timberwolves, and Cavaliers (all 21-47).

The win column is the key number to watch here, since some of these clubs may not win another game during the season’s final week. So Detroit has a slight leg up on the second spot, but a single Pistons win could really create some chaos.

While all of these teams have fairly challenging remaining schedules, Detroit and Minnesota are the ones to watch. Their schedules are the easiest of the five, per Tankathon, largely because they’ll face one another in Detroit on Tuesday.

The Timberwolves, of course, are the one team in this group not particularly motivated to tank, since their pick will be sent to the Warriors if it’s not in the top three.

Here are the lottery odds these five teams will be looking at, based on their finishes:

#	1	2	3	4	5	6	7	8	9	10
2	14	13.4	12.7	12	27.8	20	–	–	–	–
3	14	13.4	12.7	12	14.8	26	7	–	–	–
4	12.5	12.2	11.9	11.5	7.2	25.7	16.7	2.2	–	–
5	10.5	10.5	10.6	10.5	2.2	19.6	26.7	8.7	0.6	–
6	9	9.2	9.4	9.6	–	8.6	29.8	20.6	3.7	0.1

When two teams finished with identical records, their lottery odds also become identical (or as close to it as possible). For instance, if two teams tie for No. 4 in the lottery standings, they’d both have an 11.5% chance at the No. 1 pick — the middle ground between 12.5% and 10.5%. The same rules apply in the event of a three-team tie.

In each of those instances, a random tiebreaker determines which team technically places higher in the lottery standings. That tiebreaker determines how far a team can fall in the draft order and sometimes gives a team an extra “ping-pong ball.”

For instance, if three teams finish tied for the No. 4 spot in the lottery standings, the team that wins the tiebreaker would have a 10.7% chance at the top pick and couldn’t fall further than No. 8. The club that loses the three-team tiebreaker would have a 10.6% chance at the No. 1 pick and could fall as far as No. 10.

Given how close this section of the lottery race is, it’s safe to assume we’ll see at least one tie in the end-of-season standings.

The Raptors are in the lead for the No. 7 spot

The Raptors (27-41) can’t move up higher than No. 7 in the lottery standings, but they’re in a good position to secure that spot, with a multi-game cushion on the Bulls (29-30), Kings (30-38), and Pelicans (31-37). Those three clubs have pushed harder for a spot in the play-in tournament than Toronto has.

Assuming the Raptors finish with the seventh-best odds, they’ll have a 7.5% chance at the No. 1 pick and a 31.9% chance to move into the top four. As for the Bulls, if they remain at No. 8, they’ll have a 6.0% chance at No. 1 and a 26.2% shot a top-four pick — those odds are especially important, since Chicago will send its pick to Orlando if it falls outside the top four.

Meanwhile, the 10 teams that miss out on play-in spots will be joined in the lottery by the four teams eliminated in the play-in games — even if one or more of those teams finished the regular season ranked seventh or eighth in the conference.

For instance, let’s say the season ended today, making the 38-30 Lakers the No. 7 seed in the West. In the unlikely event that they lost two consecutive play-in games, they’d move into the lottery standings at No. 14, whereas if they were to secure a postseason berth in the play-in tournament, their pick would land in the early 20s.

Los Angeles will keep its first-rounder if it falls in the 8-30 range, so if the Lakers end up in the play-in, New Orleans will be actively rooting against them — should the Lakers miss the playoffs, there’s a chance their pick could move into the top four via the lottery, in which case it’d be sent to the Pelicans.

Warriors Notes: Toscano-Anderson, Wiseman, Paschall, Wolves’ Pick

May 8th, 2021 at 10:00pm CST by Arthur Hill

Juan Toscano-Anderson, who is expected to be promoted to the Warriors‘ 15-man roster next week after playing on a two-way contract all season, has impressed coach Steve Kerr with the way he plays the game, writes Marcus White of NBC Sports Bay Area. In a radio interview Friday, Kerr praised Toscano-Anderson for sticking to his NBA dream.

“Twenty-eight years old, he’s bounced around the entire world playing basketball, and I think our fans love him,” Kerr said. “I know we love him as a coaching staff. The guy just gets it. He plays with great energy, he’s smart, he’s tough. He’s improved his skill now as a passer and a shooter to a point where he’s really making a lot of plays out there for us.”

Toscano-Anderson has become a more efficient shooter from everywhere on the court in his second NBA season, White points out. He’s also part of Golden State’s lineup with the best net rating and best offensive rating.

“(When) a guy knows how to play and he can guard multiple spots, he can play in any combination, and that’s his real value to our team,” Kerr said. “He’s not dependent on a certain combination. In pretty much every case, he makes whatever combination he’s with better.”

There’s more on the Warriors:

Kerr said rookie center James Wiseman is in “great spirits” following meniscus surgery last month, White adds in a separate story. It’s not certain that Wiseman will be ready for the start of training camp, but Kerr said he plans to rehab at the team facility during the offseason. “James is a really willing athlete. Willing, patient. He wants to be here,” Kerr said. “He wants to get better however he can, so we’ll give him every opportunity to improve — both on the floor once he’s ready to get out there, but also obviously in the training room and in the weight room.”
The team isn’t sure if Eric Paschall will return before the end of the regular season, tweets Kendra Andrews of NBC Sports Bay Area. Recovering from a hip flexor strain, Paschall has been able to scrimmage but has barely practiced and is considered day to day.
This year probably presents the best chance for Golden State to earn maximum value from the Timberwolves‘ first-round pick, says Connor Letourneau of The San Francisco Chronicle. Minnesota’s selection is top-three protected in 2021 and unprotected in 2022, but the Wolves have shown signs of improvement and may not be among the league’s worst teams next season. Minnesota is tied for second in our current Reverse Standings, but could move “down” several spots with a strong finish. If the Wolves have the league’s second- or third-worst record, the Warriors will have nearly a 60% chance of seeing the pick convey this year.

Northwest Notes: Edwards, Wolves’ Sale, K. Williams, Jokic

May 8th, 2021 at 7:45pm CST by Arthur Hill

Karl-Anthony Towns sees Timberwolves teammate Anthony Edwards as a clear choice for Rookie of the Year, writes Jon Krawczynski of The Athletic. Edwards had a slow start to his first NBA season, but he has been on a torrid pace lately, averaging 30.3 points, 6.5 rebounds and 4.8 assists in his last four games while shooting 48% from three-point range. Edwards and Hornets guard LaMelo Ball are the leading contenders for top rookie honors, but Towns doesn’t see it as a close race.

“There ain’t no other rookie in this league getting double-teamed. There ain’t no other rookie putting up the numbers Ant is. There ain’t no other rookie causing the havoc and mayhem before the game even starts with the scouting reports like Anthony is,” Towns said. “But I don’t want to hear nothing about no other people who are rookies. I don’t want to hear that. I don’t go by hype, I go by stats.”

There’s more from the Northwest Division:

Everyone involved in the proposed sale of the Timberwolves remains confident that a deal will be completed, Krawczynski notes in a profile of prospective new co-owner Marc Lore. He and Alex Rodriguez are nearing the end of a 30-day exclusive negotiating window to finalize the purchase of the team.
Kenrich Williams wasn’t certain to win a roster spot with the Thunder in training camp, but now he seems like part of the team’s future, according to Joe Mussatto of The Oklahoman. Williams was considered salary filler when Oklahoma City acquired him from the Pelicans as part of the Steven Adams deal in November. He has earned a spot in the rotation and is averaging 7.7 points and 4.2 rebounds per game in 21.5 minutes per night. “I’ve solidified my role as far as what I can be in this league,” Williams said. “My first two years I felt like I was just a pretty solid defender, solid all-around player, but offensively is where I wanted to take that next jump.”
The close relationship between Nuggets coach Michael Malone and MVP candidate Nikola Jokic has helped the organization develop a championship culture, writes Mark Kiszla of The Denver Post. After six years together, they have created a belief throughout the organization that Denver can challenge for a title. “The guy gave me everything,” Jokic said of Malone. “The guy gave me the freedom, he led me, he showed me the way. And we built a great relationship, not just he’s the coach and I’m a player. We are friends, too. It’s more than basketball.”

And-Ones: Brown, Bates, Afflalo, All-Underrated Team

May 7th, 2021 at 7:00pm CST by Dana Gauruder

The Milwaukee Common Council has approved a $750K settlement in a lawsuit brought by former Bucks player Sterling Brown over his 2018 arrest, according to an Associated Press report. Brown was taken to the ground and shocked with a Taser after he was approached by police over a parking violation.

As part of the settlement, Brown was given an apology from the city and Milwaukee police that “recognizes that the incident escalated in an unnecessary manner and despite Mr. Brown’s calm behavior.” It also requires the city to commit to changes in the police department’s standard operating procedures. Brown is currently playing for the Rockets.

We have more news and notes from around the basketball world:

High school star Emoni Bates decommitted from Michigan State and ESPN’s Jonathan Givony and Jeff Borzello take a look at where Bates might end up. Bates, who is currently attending a prep school created by his father, won’t be eligible for the draft until 2023. Numerous colleges have made offers to Bates after he decommitted but he still has another year to go before he pursue that route. He could take the G League route if he graduates this spring but would have to stay there for two years due to the NBA’s age limit.
Former NBA player Arron Afflalo was part of a group that tried to purchase the Timberwolves and Afflalo is continuing to seek other opportunities to become a part-owner of a franchise. The Athletic’s David Aldridge spoke with Afflalo about his conversations with the Timberwolves and other topics.
Rudy Gobert, Jrue Holiday and De’Anthony Melton top the list of players on John Hollinger’s All-Underrated Team. The Athletic columnist lists his top 10 in that category, plus another group of that made his Honorable Mention list.