Mobile Menu
HEADLINES

Timberwolves Rumors

Kevin Garnett Part Of Group Preparing Bid For Wolves

July 21st, 2020 at 5:24pm CST by Luke Adams

5:24pm: Garnett wants to keep the Wolves in Minnesota if his group is successful in its bid, sources tell Charania (Twitter link).

4:58pm: Former Timberwolves star Kevin Garnett is part of a group of investors preparing a bid to submit to Wolves owner Glen Taylor in the hopes of purchasing the franchise, reports Shams Charania of The Athletic (via Twitter).

As we detailed in our earlier story about Taylor exploring a possible sale of the Wolves, Charania initially reported that Garnett’s group was seriously interested in the team and was exploring the possibility of a bid. Now it sounds as if KG’s group is close to officially putting an offer on the table.

A Hall-of-Famer, Garnett didn’t win a championship until after he was traded to the Celtics, but enjoyed the most productive years of his NBA career in Minnesota. He averaged 19.8 PPG, 11.0 RPG, 4.3 APG, and 1.6 BPG in 970 games (37.3 MPG) over 14 seasons with the Wolves, including the last couple years of his career. Garnett was a 10-time All-Star, a four-time rebounding champion, and the 2004 MVP during his time with the franchise.

However, Garnett hasn’t been on good terms with Taylor for the last several years, having previously suggested that he felt there was an understanding he would join the Wolves’ front office after his retirement — and that Taylor reneged on that agreement following the death of Flip Saunders. Still, even when Garnett has criticized Taylor, he has always stressed his fondness for Minnesota and the Timberwolves.

“My years in Minnesota and in that community, I cherish,” Garnett told Charania in April when discussing why his number hadn’t been retired by the Wolves. “At this point, I don’t want any dealings with Glen Taylor or Taylor Corp. or anything that has to do with him. I love my Timberwolves, I’ll always love my guys, I’ll always love the people who f–k with me there. I’ll always have a special place for the city of Minneapolis and the state of Minnesota in my heart.”

Although Garnett made a staggering $343MM+ over the course of his 21-year NBA career, per Basketball-Reference, he probably isn’t in position to become the majority owner of a franchise valued at $1.375 billion by Forbes earlier this year. It’s not yet clear what other investors are part of Garnett’s group.

As we noted in our earlier story, Taylor has retained The Raine Group to explore a sale of the Timberwolves and has made it clear he’s not interested in selling to a group that wants to relocate the team. Presumably, given his connection with Minnesota, KG’s goal would be to keep the Wolves in their current location, though he has also talked in the past about wanting to bring the NBA back to Seattle.

Taylor also told Jon Krawczynski of The Athletic (Twitter link) today that if a sale is completed, he’d expect his WNBA team – the Minnesota Lynx – to be part of it.

“The way I run it, it’s all one thing,” Taylor said. “I would assume we would want to keep it that way and make it more efficient.”

Retweet 1 Share 0 Send via email0

Glen Taylor Exploring Sale Of Timberwolves

July 21st, 2020 at 4:13pm CST by Luke Adams

4:13pm: Taylor tells Jon Krawczynski of The Athletic (Twitter links) that The Raine Group approached him about a potential buyer, but it didn’t work out because the group wanted to relocate the franchise.

“People have inquired who are interested but they want to move the team,” Taylor said. “They are not a candidate. We’ve made that very clear.”

Although that offer didn’t gain traction, there are other potential options available that are being explored, Krawczynski notes.

According to Shams Charania of The Athletic (via Twitter), Kevin Garnett is part of one group of investors that has serious interest in buying the Timberwolves and is exploring a bid.

3:30pm: Timberwolves owner Glen Taylor has retained The Raine Group to explore a sale of the franchise, three people with direct knowledge of the situation tell Scott Soshnick of Sportico.

According to Soshnick, multiple parties have already bid on the team. One of Soshnick’s sources suggests that a sale agreement could even be reached within the next month.

Taylor’s decision is unrelated to the coronavirus pandemic, according to Soschnick, who adds that the Wolves’ owner didn’t want a public auction and instead asked Raine to directly seek out a buyer.

The Raine Group, a global merchant bank, has experience dealing in the sports world, having previously worked with FIFA to raise capital for the World Cup, Soshnick notes. The firm also assisted in the sale of a $500MM stake in Manchester City FC to private equity giant Silver Lake.

Taylor has owned the Timberwolves since 1994, having paid a reported $88MM for the franchise at the time. Earlier this year, Forbes estimated that the current value of the Wolves is $1.375 billion.

Although the Wolves experienced some success early in Taylor’s tenure, making the postseason eight straight times when Kevin Garnett was on the roster, the club only advanced beyond the first round once, in 2004. Minnesota didn’t make the playoffs for the next 13 years and has also missed out in each of the last two seasons following a 2018 postseason appearance.

The Wolves have struggled to build around their star players since 2004, trading away Garnett and eventually doing the same with Kevin Love. The team is now in the process of trying to find the right pieces to complement star big man Karl-Anthony Towns.

In addition to their lack of success on the court, the Wolves have had their ups and downs off the court. Most notably, Garnett – the longtime face of the franchise – has been on bad terms with Taylor for years, having suggested that, after Flip Saunders passed away, the Wolves owner reneged on an agreement to have KG join the front office. Garnett referred to Taylor as a “snake” as recently as this spring.

If Taylor, a Minnesota native and a former Minnesota State Senator, moves forward and attempts to finalize a sale, he seems likely to do so with a buyer that would be committed to keeping the team in Minnesota, as Darren Wolfson of 5 Eyewitness News tweets. The Wolves ranked last in the NBA in attendance during the 2019/20 season, so some potential suitors would likely be interested in exploring the possibility of relocation.

Photo courtesy of USA Today Sports Images.

Retweet 1 Share 0 Send via email0

NBA Moves 2020 Draft Lottery To August 20

July 21st, 2020 at 1:47pm CST by Luke Adams

The NBA has moved up its 2020 draft lottery by five days, according to Shams Charania of The Athletic, who reports (via Twitter) that the event, previously tentatively scheduled for August 25, will now take place on Thursday, August 20.

The eight teams with the best odds in this year’s lottery are the same eight teams that weren’t invited to participate in the resumption of the 2019/20 season in Orlando. The Warriors, Cavaliers, and Timberwolves each have a 14.0% chance of landing the No. 1 overall pick, followed by the Hawks (12.5%), Pistons (10.5%), Knicks (9.0%), Bulls (7.5%), and Hornets (6.0%).

The other six teams that will be part of the 2020 lottery will be determined once this season’s 16 playoff teams have been set, which will happen a few days before August 20. The six clubs in Orlando that don’t make the postseason will occupy the bottom six spots in the lottery standings — their order will be determined by their records as of March 11.

[RELATED: Hoops Rumors Glossary: NBA Draft Lottery]

The tentative 2020 NBA draft lottery odds, assuming the Grizzlies, Magic, and Nets all hang onto their playoff spots, can be found right here. This year’s draft will take place on October 16.

Retweet 2 Share 0 Send via email0

Draft Updates: Petrusev, Livers, Verge, Stanley

July 20th, 2020 at 2:48pm CST by Luke Adams

Gonzaga big man Filip Petrusev won’t return to the Zags for his junior season. As first reported by Nova.rs – and later confirmed by Jeff Goodman of Stadium, Jon Rothstein of CBS Sports, and Jonathan Givony of ESPN (all Twitter links) – the native of Serbia is returning to his home country, having agreed to a multiyear deal with Mega Bemax.

Petrusev, who averaged 17.5 PPG and 7.9 RPG during a breakout sophomore season at Gonzaga, entered the 2020 NBA draft pool in the spring. For now, his plan is to keep his name in this year’s draft, according to Givony, who had the 20-year-old ranked 70th overall on ESPN’s big board.

Now that his NCAA eligibility is no longer a concern, Petrusev won’t have to finalize that decision by the NCAA’s early entrant withdrawal deadline of August 3. He can instead take until October 6 (the NBA’s withdrawal deadline) to make up his mind.

Here’s more on the 2020 draft:

  • After testing the draft waters, forward Isaiah Livers will head back to Michigan for his senior year, the school announced in a press release. “While it was a limited process due to COVID-19, I want to thank all the NBA teams who took the time to talk to me,” Livers said in a statement. “The information I gathered is going to be invaluable moving forward. But now, we have unfinished business in Ann Arbor.” Livers averaged 12.9 PPG and shot 40.2% from beyond the arc in 21 games (31.5 MPG) as a junior.
  • Arizona State guard Alonzo Verge Jr. is returning to school for his senior season, according to an announcement from the program (video link). Verge, who transferred to the Sun Devils after starting his college career at Moberly Area Community College in Missouri, averaged 14.6 PPG, 3.5 RPG, and 2.3 APG in 28 games (26.8 MPG) in 2019/20.
  • Veteran player agent Jerome Stanley is joining Independent Sports & Entertainment, where he’ll co-represent his son, Duke prospect Cassius Stanley, per a SportsBusiness Journal report.
  • Arizona forward Zeke Nnaji, a Minneapolis native, is interviewing with his hometown Timberwolves this week, tweets Darren Wolfson of 5 Eyewitness News.
Retweet 2 Share 0 Send via email0

Prospect Hagedorn Gets Interview With T-Wolves

July 17th, 2020 at 8:00pm CST by Dana Gauruder
  • South Dakota forward Tyler Hagedorn has been interviewed by the Timberwolves, Darren Wolfson of KSTP tweets. Hagedorn isn’t listed among ESPN’s top 100 prospects but the 6’10” Hagedorn did shoot 51.4% from long range as a senior.
Retweet 2 Share 0 Send via email0

Nets Notes: LeVert, Crawford, Beasley, Chiozza

July 9th, 2020 at 1:01pm CST by Arthur Hill

The absence of so many key players means Caris LeVert will have to take on a larger role for the Nets in Orlando, writes Greg Joyce of The New York Post. The 25-year-old guard has always been a reliable scorer, but he will need to serve as a play-maker and team leader with Kyrie Irving, Kevin Durant, Spencer Dinwiddie, Taurean Prince, DeAndre Jordan, Wilson Chandler and Nicolas Claxton all unavailable.

“I think for me it’s just taking on that challenge of being a leader, being the leader of that group,” LeVert said. “Going down there with some of the most experience on the team, playoff experience. I feel like I relish these types of opportunities and situations. Everything aside, I’m looking forward to going down there and seeing what we can do.”

The restart will give LeVert a chance to prove he can be a third star in Brooklyn and show management it doesn’t have to pursue someone else to team with Irving and Durant. A strong performance could also raise his trade value if the Nets decide to go that route. He agreed to a three-year, $52.5MM extension last summer.

“I feel good right now,” said LeVert, who missed 24 games earlier this season after thumb surgery. “I haven’t played in games since March so that’s the question I really don’t know. I feel good in my workouts though. And if I didn’t, I honestly wouldn’t be going down there to play. So I’m looking forward to getting out there.”

There’s more on the Nets:

  • Adding Jamal Crawford and Michael Beasley shows that Brooklyn intends to be competitive in Orlando despite its depleted roster, observes Alex Schiffer of The Athletic. Schiffer looks at what the veteran duo can provide the Nets along with scoring punch.
  • Even with the additions, Brooklyn will need increased contributions from players such as Chris Chiozza and Timothe Luwawu-Cabarrot, according to a NetsDaily article. Both could be competing for a chance to be on the roster next season. “I feel like it’s a big opportunity for me,” Chiozza said recently. “It’s something I’m looking forward to. I hope Spencer feels better, but if not, I’ll be ready to take on those extra minutes.”
  • The Nets’ misfortune could wind up costing the Timberwolves a first-round pick this fall, writes Michael Rand of The Star-Tribune. Minnesota will receive Brooklyn’s first-rounder as long as the Nets reach the playoffs, which no longer seems certain with the number of players sitting out.
Retweet 2 Share 0 Send via email0

Killian Hayes To Meet With Timberwolves

July 6th, 2020 at 11:21am CST by Luke Adams
  • Appearing on the Envergure podcast (French video link), agent Yann Balikouzou indicated that his client Killian Hayes will interview with the Timberwolves and Warriors, but doesn’t expect to talk to the Cavaliers, since they’re unlikely to draft a guard (hat tip to Darren Wolfson).
Retweet 3 Share 0 Send via email0

NBA Expected To OK Chicago Mini-Camps, Games For Bottom Eight Teams

July 2nd, 2020 at 4:14pm CST by Luke Adams

4:14pm: Within her full ESPN.com story on the proposed Chicago campus, MacMullan writes that most of the bottom eight teams would prefer to hold mini-camps in their own markets, but commissioner Adam Silver and NBPA executive director Michele Roberts – who have repeatedly expressed that they believe the Orlando campus will be safer than teams’ own markets – want to create a similar environment for the non-Orlando teams before they approve group workouts and scrimmages.

Seven of the bottom eight teams – all except the Knicks – were on a call today with the NBA to discuss the issue, with the league seeking assurances that teams would send their players to Chicago, per MacMullan. There’s a belief that veterans like Stephen Curry and Blake Griffin may not travel to Chicago for the event, but that younger players would be more inclined to participate.

Participation would be voluntary and the cost of setting up the campus would be split among the NBA’s 30 clubs, sources tell ESPN. MacMullan notes that some of the bottom eight teams want to wait a couple weeks to see how the Orlando plan plays out, while others are in favor of moving forward with a plan as soon as possible, since they don’t believe there’s a ton of time to work out the details.

There’s still work to be done before the NBPA signs off on the plan, tweets K.C. Johnson of NBC Sports Chicago.

3:56pm: The NBA is close to signing off on creating a second campus location in Chicago for the league’s bottom eight teams who weren’t invited to Orlando, sources tell ESPN’s Jackie MacMullan (Twitter link via Adrian Wojnarowski).

As MacMullan reports – and Woj relays – the eight clubs not invited to Orlando would be permitted to hold mini-training camps and inter-squad games in Chicago. The goal would be for the event to take place in September.

The news comes as a bit of a surprise. Many of the clubs whose seasons are over have been pushing the NBA to allow some sort of offseason team activities along these lines, in the hopes of keeping their young players engaged and active during a nine-month gap between games. However, a report earlier this week suggested that the NBA wasn’t expected to approve mandatory OTAs, and there was skepticism that the league would go to the effort of creating another “bubble” without its massive TV deals – and its 2020 postseason – at stake.

We’ll have to wait for more details on the NBA’s Chicago plan, but it seems safe to assume there would be more player opt-outs among the bottom eight teams than there have been among the top 22. As Bobby Marks of ESPN points out (via Twitter) that approximately 40 players on the non-Orlando teams could reach free agency in October, limiting their incentive to participate in a September mini-camp for teams they may be leaving a month later.

The Warriors are the only team without any pending free agents on their roster, but Anthony Slater of The Athletic notes (via Twitter) that their preference has been to hold a controlled mini-camp in the Bay Area — not to participate in a de facto Summer League across the country.

The Warriors, Timberwolves, Hornets, Bulls, Hawks, Knicks, Cavaliers, and Pistons are the eight teams not playing in Orlando this summer who would be invited to the Chicago campus, assuming the NBA and NBPA finalize an agreement.

Retweet 3 Share 0 Send via email0

Bottom Eight Teams Not Permitted To Start Making Trades

July 2nd, 2020 at 12:43pm CST by Luke Adams

During a typical NBA league year, there’s a freeze on trades between the winter trade deadline and the end of a team’s season in the spring. Once the regular season ends, the 14 non-playoff teams are once again permitted to make trades, with other clubs regaining that ability as they’re eliminated from the postseason.

However, due to the unusual nature of the 2020 NBA calendar, things will look a little different this year. As Bobby Marks of ESPN explains, no teams are currently permitted to make trades, including the bottom eight teams who aren’t participating in the summer restart in Orlando. Even though the offseason has begun for those eight non-Orlando clubs (the Warriors, Timberwolves, Cavaliers, Pistons, Hawks, Knicks, Hornets, and Bulls), a transaction moratorium remains in place for them following last week’s brief transaction window.

According to Marks, the likely outcome is that the league and the players’ union will agree to lift the moratorium once the first round of the playoffs gets underway on August 17. At that point, non-playoff teams – including the six teams in Orlando that don’t make the postseason – would be allowed to make trades, waive players, and sign certain players to contract extensions.

Of course, while non-playoff teams are generally permitted to make trades and other roster moves as soon as the postseason gets underway, we usually don’t see the first trades of the offseason completed until around the time of the draft. So we shouldn’t expect a flurry of moves if the moratorium lifts in August — most of the offseason’s deals will still likely come in October, when the draft and free agent period take place.

For the time being, the only permissible NBA transaction is the signing of a substitute player. The 22 teams participating in the restart can sign a substitute to replace any player who voluntarily opts out or who contracts COVID-19. The player being replaced would subsequently become ineligible for the rest of the season.

Retweet 4 Share 0 Send via email0

And-Ones: Luxury Tax, Thomas, Scola, Top Defenders

July 1st, 2020 at 12:14pm CST by Dana Gauruder

The Trail Blazers have the highest luxury tax bill at $5.9MM, Bobby Marks of ESPN tweets. Team salaries are now frozen after the one-week transactions period that closed late Tuesday. The Heat ($2.9MM), Thunder ($2.5MM) and Timberwolves ($582K) are also over the luxury tax line but the projected $11.9MM total is the lowest since the luxury tax was introduced in 2002/03, Marks notes.

We have more from around the basketball world:

Retweet 2 Share 0 Send via email0
Load More Posts