Minnesota Timberwolves Rumors | Hoops Rumors

Alex Rodriguez, Marc Lore Finalizing Purchase Of Timberwolves

April 10th, 2021 at 5:53pm CST by Arthur Hill

Former baseball star Alex Rodriguez and billionaire Marc Lore are finalizing a deal to purchase the Timberwolves, tweets Adrian Wojnarowski of ESPN. Under the agreement, current owner Glen Taylor will retain control of the franchise for two more seasons before it shifts to Rodriguez and Lore in 2023.

“We look forward to entering this phase of the process with Glen Taylor,” Rodriguez and Lore said in a prepared statement. “Our respect for him and the legacy he has built lays an amazing foundation for what is to come. We are excited by the prospect of getting to know the Timberwolves organization.” (Twitter link)

Jon Krawczynski of The Athletic first noted the interest from the potential buyers (Twitter link).

Rodriguez and Lore signed a letter of intent today that provides a 30-day exclusive negotiating window to finalize the purchase, Krawczynski writes in a full story.

Sources tell The Athletic that Rodriguez and Lore would become limited partners — each with an even stake — in the current ownership group for the next two and a half years before Taylor steps aside. Taylor, who will turn 80 later this month, has owned the team for 27 years and has been looking for someone to take it over.

According to Krawczynski, negotiations have already produced agreement on several key elements of the sale, include a $1.5 billion valuation for the franchise. Rodriguez and Lore met with Taylor this week at his Naples, Fla., home and made significant progress in negotiations.

If a purchase agreement is reached, the new owners would need approval from the NBA’s Board of Governors before a sale can be finalized.

Taylor, who purchased the team for $88MM in 1994, has placed it on the market several times, Krawcyznski adds, but hasn’t found an offer he was willing to accept. He was insistent on keeping it 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.

Since retiring from baseball in 2016, Rodriguez has become an entrepreneur and media star, Krawczynski notes. 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 2021. and later founded Jet.com, which Walmart bought for $3.3 billion in 2016.

Photo courtesy of USA Today Sports Images.

KAT Excited For D-Lo Return; T-Wolves Vaccinated

April 6th, 2021 at 10:09pm CST by Alex Kirschenbaum

Timberwolves guard D’Angelo Russell made his long-awaited return to the floor in a 116-106 win against the Kings on Monday night after missing 26 games due to a left knee surgery. It marked just the sixth contest in which Russell appeared alongside his friend Karl-Anthony Towns for Minnesota.

Jon Krawczynski of The Athletic writes that Russell’s return has to encourage Timberwolves fans, as it perhaps can be seen as a preview of the interplay that could lift the club out of the depths next season.

“As long as we continue to work, work the way we want it, we can do something special,” Towns said of himself and his Timberwolves teammate. “We just got to work. Obviously, first, we got to be healthy enough to stay on the court with each other.”

The Timberwolves have announced (via Twitter) that Minnesota’s players and staff have received their COVID-19 vaccines.

Malik Beasley To Miss 4-6 Weeks With Injured Hamstring

April 5th, 2021 at 5:08pm CST by Dana Gauruder

Timberwolves guard Malik Beasley will miss the next four-to-six weeks due to a Grade 3 left hamstring injury, The Athletic’s Shams Charania tweets.

Beasley played 29 minutes against Memphis on Friday, then missed Minnesota’s game against Philadelphia on Saturday for what was initially described as a minor hamstring injury. The injury turned out to be much more severe after an MRI was conducted, according to a team press release. He’ll be re-evaluated in three weeks, the release adds.

Beasley is averaging 19.6 PPG, 4.4 RPG and 2.4 APG while making 39.9% of his 3-point attempts. He re-signed with Minnesota on a four-year, $60MM contract in November as a restricted free agent.

With Minnesota wrapping up its schedule on May 16, it sounds like Beasley’s season could be over.

The news of Beasley being sidelined coincides with the return of backcourt partner D’Angelo Russell, who will play on Monday after missing 26 games due to a knee injury.

D’Angelo Russell Ready To Return On Monday

April 5th, 2021 at 4:08pm CST by Dana Gauruder

Timberwolves guard D’Angelo Russell will return to the lineup on Monday against Sacramento, according to Shams Charania and Jon Krawczynski of The Athletic (Twitter link).

Russell has missed the last 26 games due to a knee injury. He underwent an arthroscopic procedure on his left knee to remove a loose body in mid-February and was expected to be out for four-to-six weeks. Russell’s return comes at the back end of that timeline.

Russell last played on February 8, when he lasted just six minutes against the Mavericks before leaving with what was described as left leg soreness. He also missed a game due to right quad soreness.

Russell is averaging 19.3 PPG and 5.1 APG this season. After being drafted by the Lakers with the No. 2 pick in 2015, Russell was shipped to the Nets in the summer of 2017. He became an All-Star for Brooklyn in 2019 but wound up with the Warriors on a four-year, $117MM maximum contract sign-and-trade that summer.

He was traded last February, along with Jacob Evans and Omari Spellman, to Minnesota in exchange for Andrew Wiggins and two future draft picks.

Russell and Karl-Anthony Towns have only played five games together since the trade. Russell’s return gives Minnesota a chance to evaluate how Russell, Towns, and top pick Anthony Edwards blend together.

Western Notes: Towns, Powell, Paschall, Hall, Roby

April 4th, 2021 at 8:54pm CST by JD Shaw

Timberwolves star Karl-Anthony Towns acknowledged that the time to chase stats is over, re-affirming that his only focus is helping Minnesota win in a turbulent season, Dane Moore of Blue Wire Podcasts tweets.

Towns recently put forth a 30-point, 16-rebound performance in a loss to the Grizzlies on Friday, following it up with a 39-point, 14-rebound outing in a loss to the Sixers on Saturday. The Timberwolves are just 12-38 and have dealt with significant injuries and COVID-19 issues throughout the season.

“I’ve had the time to mess up and I guess you could say ‘chase stats.’ That s–t is over,” Towns said. “I’ve proved myself in this league. I truly believe that. I don’t have to prove myself anymore. But now what I have to prove is: can I win? I think that’s the next step.

“I have to do whatever it takes. I look at the stat sheet, ‘Oh, it’s great, it’s wonderful, 30 and 16’. But we lost. I don’t give a s–t then. At the end of the day, the word on me is still gonna be the word. There’s only one way to change the narrative, and that’s to go beat the narrative.”

Here are some other notes from the Western Conference:

Trail Blazers guard Norman Powell is adjusting quickly in Portland, Casey Holdahl of NBA.com writes. Powell was recently traded to Portland from Toronto and has proven to be effective in his limited time, scoring 15 points in the team’s win over the Thunder on Saturday. “I feel good, I feel like the transition has been really easy,” Powell said. “The coaches, the guys have made it real easy to fit in. I feel like the more time I spend with them, the more practices we get in, the more games, I’ll start to feel better with the chemistry, the flow of the game, the play-calling and rotations on defense. I’m liking it so far.”
Warriors forward Eric Paschall will miss at least two weeks after undergoing an MRI on Saturday that revealed a left hip flexor strain, the team announced (Twitter link). Paschall, 24, is averaging 9.5 points, 3.2 rebounds and 17.3 minutes per game this season.
The Thunder have released medical updates on Josh Hall and Isaiah Roby, announcing that both players sustained concussions in the team’s game against Portland. They’ll now join second-year player Luguentz Dort in the league’s concussion protocol.

D'Angelo Russell May Return Soon; Malik Beasley Strains Hamstring

April 4th, 2021 at 1:00pm CST by Arthur Hill

The Timberwolves haven’t set a timetable for D’Angelo Russell to return from knee surgery, but there are indications it might happen this week, according to Jon Krawczynski of The Athletic. Russell underwent an arthroscopic procedure in mid-February and was projected to miss four to six weeks. Minnesota may need him to replace Malik Beasley, who strained a hamstring Friday night. “It’s more minor than it is significant,” coach Chris Finch said, “but these things are tricky with hamstrings.”

Jaden McDaniels Proving Mettle As Defender

March 31st, 2021 at 9:37pm CST by Alex Kirschenbaum

Rookie Timberwolves forward Jaden McDaniels, the No. 28 pick in the 2020 draft, has earned the trust of head coach Chris Finch and his teammates to tackle Minnesota’s top defensive assignments, writes Chris Hine of The Star Tribune.

“At times I’ll say that people just aren’t knowing how long my arms really are,” McDaniels said of his defensive attributes for the Timberwolves. “The first time we played Houston, at the end of the game I had blocked Ben McLemore. I’m cool with him and he was like, … ‘I didn’t think your arms was that long.’ Just hearing little things like that is kind of uplifting.”

NBA Teams With Open Roster Spots

March 30th, 2021 at 8:40am CST by Luke Adams

A total of 46 players were traded on deadline day last Thursday, and more have been waived and signed since then, resulting in major roster upheaval around the NBA.

With the dust settling a little, it’s worth checking in on which teams across the league now have open roster spots, and which clubs will need to fill at least one of those openings soon in order to meet the minimum roster requirements.

Let’s dive in…

Teams with two open spots on their 15-man rosters:

Golden State Warriors
Los Angeles Clippers
Miami Heat
New Orleans Pelicans
New York Knicks
Portland Trail Blazers
Toronto Raptors

The NBA allows team to carry fewer than 14 players on standard (or 10-day) contracts for up to two weeks at a time. So these clubs are allowed to have just 13 for now, but will soon need to add a 14th, either with a 10-day signing or a rest-of-season addition.

The Warriors, Heat, Trail Blazers, and Raptors all dipped below 14 players on deadline day (March 25), so they’ll all have until next Thursday (April 8) to get back up to the required roster minimum. The Knicks will have even longer, since they just waived Terrance Ferguson and Vincent Poirier on Sunday — they’ll have to add a 14th man by April 11.

The Pelicans and Clippers, meanwhile, reduced their roster counts to 13 players on March 20 and March 22, respectively, so they’ll need to make their moves sooner. New Orleans will have to add a player by this weekend at the latest, while the Clippers will do so by next Monday.

The Pels are right up against the luxury tax line, so they’ll likely sign someone to a 10-day contract. The Clippers have enough breathing room below their hard cap to complete a rest-of-season signing if they so choose.

Teams with one open spot on their 15-man rosters:

Cleveland Cavaliers
Indiana Pacers
Los Angeles Lakers
Memphis Grizzlies
Milwaukee Bucks
Minnesota Timberwolves
Orlando Magic

A report last Thursday indicated that the Pacers were signing Oshae Brissett, but they still have completed that 10-day deal, so they have an open roster spot for now. The Bucks technically have two open roster spots as of this writing, but are expected to sign Jeff Teague to fill one of them as soon as today.

The Lakers, Grizzlies, Timberwolves, and Magic all have 14 players on standard, rest-of-season contracts, with no obligation to fill their 15th spots anytime soon. The Cavaliers currently have 14th man Quinn Cook on a 10-day contract. When his deal expires on Wednesday night, the team will dip to 13 players and will have two weeks to re-add a 14th.

Teams with open two-way contract slots:

Minnesota Timberwolves
Oklahoma City Thunder
Phoenix Suns
Portland Trail Blazers

The Thunder opened up one of their two-way slots when they promoted Moses Brown to the standard roster over the weekend. I’d expect them and the Timberwolves to be more interested in filling their open two-way spots than the Suns and Trail Blazers. Oklahoma City and Minnesota are lottery teams and could benefit from a look at one more young player, while Phoenix and Portland are playoff clubs that have shown no desire to add a second two-way player all season long.

Also worth mentioning:

Brooklyn Nets
Detroit Pistons
San Antonio Spurs

The Nets, Spurs, and Pistons currently have full 15-man rosters, but won’t for much longer, as all three teams have players on 10-day contracts. Alize Johnson‘s deal with Brooklyn runs through Wednesday, while Cameron Reynolds‘ with San Antonio runs through Sunday and Tyler Cook‘s with Detroit expires after next Tuesday.

Note: Our full roster count breakdown can be found right here.

Beasley: "I Learned From My Mistakes"

March 29th, 2021 at 4:00pm CST by Luke Adams

Having completed the 12-game suspension he received following his February legal sentencing, Timberwolves guard Malik Beasley said he thinks he’s in a better place. “I feel like my life is where it needs to be,” Beasley said, according to Jerry Zgoda of The Star Tribune. “I got a chance to work on myself on and off the court. I learned from my mistakes, and I’m ready to move on for it.”

Wolves Notes: Trade Deadline, Gordon, McDaniels, Collins, Power Forward

March 26th, 2021 at 12:03pm CST by JD Shaw

The Timberwolves allowed the trade deadline to pass without making a move, opting not to make a trade just for the sake of doing so, president of basketball operations Gersson Rosas said.

Minnesota was most heavily linked to forward Aaron Gordon, who was moved from Orlando to Denver on deadline day. The team has struggled with injuries and currently holds the league’s worst record at 10-34.

“You don’t make a trade for the sake of making a trade,” Rosas explained, as relayed by Chris Hine of the Star Tribune. “We haven’t seen this group together enough starting with our best two players and everybody else. That played a big part in it. We want to see what we have in order to make the best-educated decisions we can make.”

As a whole, an astounding 23 teams were involved in trades on deadline day this year, though Minnesota naturally wasn’t one of them.

Here are some other notes from Minnesota today:

A significant hurdle in the Wolves’ talks to acquire Gordon was the availability of rookie Jaden McDaniels, Hine writes. Minnesota and Orlando held discussions for multiple weeks, but Orlando reportedly wanted McDaniels in a potential agreement. Rosas and his team ultimately balked at the idea of parting ways with the 20-year-old.
Don’t expect the Wolves to stop monitoring Hawks big man John Collins in the coming months, Hine contends. Collins will be a restricted free agent this summer and received interest from Minnesota until the deadline passed. The 23-year-old has averaged 18.1 points, 7.8 rebounds and 30.6 minutes per game this season.
The power forward position remains an area of concern for the franchise, Hine relays. What remains to be seen, however, is whether the solution will come internally or externally. “The one thing we don’t want to do is plug a long-term hole with a short-term solution that’s not going to be there when we need it,” Rosas said. “So we’ll continue investing in and developing our young players to see if the answer is there. Jaden gives us a lot of excitement and a lot of optionality there, but it’s a need.”
A source tells Hine that the Timberwolves could have made trades involving Ed Davis and Ricky Rubio, but opted against it.