Minnesota Timberwolves Rumors | Hoops Rumors

Lore, Rodriguez Move Closer To Finalizing Purchase Of Wolves

March 20th, 2024 at 5:09pm CST by Arthur Hill

Marc Lore and Alex Rodriguez have submitted the financial documentation necessary to complete the purchase of a majority stake in the Timberwolves, sources tell Shams Charania of The Athletic.

The move comes after a report this morning that sale proceedings were disrupted when the Carlyle Group chose to withdraw. Lore and Rodriguez were able to replace the firm with Dyal Capital Partners, according to Charania’s sources.

Lore and Rodriguez have a March 27 deadline to make the final payment for a 40% share of equity that will enable them to replace Glen Taylor as lead owners of the franchise as well as the WNBA’s Minnesota Lynx. Taylor will retain a minority share in both teams, while the group led by Lore and Rodriguez controls 80% of the franchises.

The NBA still must give its approval to the new ownership structure, and Charania says it’s uncertain how long that might take.

Since 2021, Lore and Rodriguez have been involved in the purchase of the Wolves for $1.5 billion on a multi-phase payment plan. They have made two payments so far — giving them a 20% stake each time, for a total of 40%.

They exercised their option in December for the final 40% of the purchase, Charania adds. That began a 90-day window to submit the required documents and commitment letters to finalize the deal.

The Carlyle Group had planned to commit $300MM before pulling out of the sale, per Charania’s sources. The private equity firm couldn’t adhere to some NBA requirements for investors, so there was a mutual agreement for Carlyle to withdraw.

Lore and Rodriguez were quickly able to reach out to Dyal to take the firm’s place, notes Charania, who adds that the company’s ownership group includes Google CEO Eric Schmidt.

Charania points out that Lore and Rodriguez have already made an impact on the Wolves during their time as minority owners and played a significant role in recruiting Tim Connelly away from Denver to serve as Minnesota’s president of basketball operations.

Timberwolves Notes: A-Rod, Lore, Garza, Edwards

March 20th, 2024 at 9:07am CST by Dana Gauruder

Former baseball star Alex Rodriguez and business partner Marc Lore must find new financial backers to gain majority ownership of the Timberwolves franchise, according to ESPN News Services.

They’ve lost the financial backing of the Carlyle Group with one payment left to claim majority ownership from current owner Glen Taylor. That payment would complete a process that began in April 2021 for Lore and Rodriguez to purchase the Timberwolves in installments. Lore and Rodriguez previously purchased two installments of 20% at a $1.5 billion valuation for the franchise.

They exercised their rights to buy an additional 40% of the franchise earlier this year. The final installment is due on March 27.

We have more on the Timberwolves:

With Karl-Anthony Towns, Rudy Gobert and Naz Reid sidelined on Tuesday, two-way player Luka Garza received extended playing time. He posted 11 points and six rebounds in 22 minutes during the 115-112 loss to Denver. “I’ve just been working this entire year to help this team when I’m out there,” Garza told Chris Hine of the Minneapolis Star Tribune. “I still feel like there’s another level I can get to. All I know is I did everything I could. I played hard.”
Despite being shorthanded and one the second night of a back-to-back, Minnesota pushed the Nuggets to the limit on Tuesday. Anthony Edwards, who dislocated a finger the previous night, missed a 3-point attempt that could have sent the game to overtime. “They’re really well-coached. They execute really well. They have Ant, who is one of the best players, most talented players, in the NBA right now,” Nuggets superstar Nikola Jokic told Bennett Durando of the Denver Post. “You have Mike Conley, who’s a really good veteran. They just play really well. They play hard. They run their plays with purpose. That’s why they’re good. Even from the (2023) playoffs — they missed a couple guys in the playoffs, too, but they still had really good fight.”
Having appeared in his 65th game this season, Edwards is now eligible for postseason awards, ESPN’s Bobby Marks tweets. That could lead to a bump in his salary. Edwards signed a five-year maximum-salary rookie extension last summer, which could rise in value from $204MM (25% of next season’s cap) to $245MM (30% of the cap) if he’s named All-NBA this season. The former No. 1 overall pick is averaging 26.7 points, 5.4 rebounds and 5.1 assists per game.

Wolves Notes: Sale, Conley, Gobert, Edwards

March 19th, 2024 at 10:55am CST by Arthur Hill

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 an equity group that was going to come in and put in $300 million, and that equity group has either withdrawn or the NBA has denied them,” Taylor said. “They have to go out and find new revenue. That I do know. I don’t know if they found it or what they’re going to do. We haven’t seen the schedule of ownership yet.”

Since 2021, Lore and Rodriguez have been involved in a multi-phase payment plan to purchase the team for $1.5 billion. Their final payment, which is due March 27, will give them majority control of the team, with Taylor keeping a minority stake. Next Wednesday’s deadline is already an extension of a previous date, and Taylor said about $600MM is due.

The NBA will have the final decision on whether to approve the sale even if Lore and Rodriguez make the payment on time. Shama suggests approval may be in question if league officials are skeptical that the new owners have enough money on hand to meet operating obligations.

There’s more from Minnesota:

Veteran point guard Mike Conley provides a calming effect for the Wolves as they try to establish themselves as one of the NBA’s elite teams, writes Tony Jones of The Athletic. With nearly two decades in the NBA, Conley has been through the experience of being part of teams that fell short in the playoffs after a strong regular season. “I’ve been on really good teams that have been close but haven’t gotten quite to where we want to go,” he said. “And it’s been the little things here and there. So, we want to take advantage of our opportunity. We want to strike while it’s hot, but at the same time, we want to be grateful for the position we are in.”
Rudy Gobert sat out again Monday with a sprained rib, but he’s hoping to return soon, tweets Chris Hine of The Star Tribune. “I just want to be able to make sure I can help the team when I’m back,” Gobert said. “Right now, the level of pain is getting better every day, but still not good enough for me to be able to be myself and help the team, which is never fun. Hopefully it’s just a matter of days.”
Anthony Edwards thrilled his teammates, the Delta Center crowd and social media with one of the best dunks of the season (video link) on Monday at Utah, per Jon Krawczynski of The Athletic. Edwards dislocated the middle finger on his left hand on the play, but he was able to shoot a free throw after running to the locker room to get it popped back into place.

Conley Takes Extra Satisfaction Beating Jazz

March 17th, 2024 at 9:48pm CST by Dana Gauruder

Mike Conley had 25 points in the Timberwolves 119-100 win over the Jazz on Saturday. The former Utah point guard admits he took extra satisfaction in the outcome, according to Chris Hine of the Minneapolis Star Tribune.

The Jazz played a video tribute to the current Timberwolves floor leader prior to the contest. “There was a little bit [of extra motivation]. Not gonna lie,” Conley said. “But at the same time, man, I was trying to have fun. … Just trying to soak up the moment. You get a video played and that doesn’t happen very often and it just shows so much gratitude.”

10 NBA Teams Likely To Sign Players In Coming Weeks

March 17th, 2024 at 10:52am CST by Luke Adams

A total of 20 NBA teams currently have full standard rosters consisting of 15 players on contracts that run through at least the rest of the 2023/24 season.

That leaves 10 clubs that have one or more roster spots, or whose 14th and/or 15th roster spots are occupied by players on 10-day contracts that will expire before the end of the month.

If recent history is any indication, it’s a safe bet that all 10 teams will, sooner or later, sign a player – or players – to rest-of-season or multiyear contracts in order to fill out their 15-man rosters. There were no open 15-man roster spots available by the final day of the 2022/23 regular season. The same is true of the ’21/22 season.

Even if a team has no intention of using a 15th man down the stretch or in the postseason, using that final roster spot to sign a prospect to a multiyear contract that includes no guaranteed money beyond this season is good business, increasing that club’s roster flexibility heading into the offseason.

Here are the teams likely to fill their open roster spots in the coming weeks:

Teams with 14 players on full-season contracts:

(Note: An asterisk denotes a player on a 10-day contract.)

Boston Celtics
Cleveland Cavaliers *
Detroit Pistons
Golden State Warriors
New Orleans Pelicans
Phoenix Suns *
Toronto Raptors *

The Raptors currently have a player on a 10-day contract (Jahmi’us Ramsey) occupying their 15th roster spot. The Cavaliers and Suns will soon follow suit, with Marcus Morris and Isaiah Thomas, respectively.

It’s possible that all three teams will ultimately turn to another player for a rest-of-season contract, but Ramsey is the only player to get two 10-day deals from Toronto this season, and Morris and Thomas are the types of veterans that contending teams often add to their roster down the stretch. A Saturday report indicated that Thomas is likely to stick with Phoenix beyond his upcoming 10-day contract.

I’d still view two-way player Neemias Queta as the most likely player to fill the Celtics‘ final roster spot, but that could change if Boston has to deal with some injuries in the backcourt or on the wing and wants to add some depth there. Pelicans sharpshooter Matt Ryan is another player on a two-way deal who’s a candidate to be promoted.

The Pistons and Warriors don’t have any obvious candidates for a promotion on two-way contracts, so both clubs may end up turning to the G League or free agency to add a 15th man.

Teams with 13 players on full-season contracts:

(Note: An asterisk denotes a player on a 10-day contract.)

Minnesota Timberwolves *
New York Knicks **
Philadelphia 76ers *

While the seven teams listed above are good bets to sign one player before the end of the season, these three teams will likely sign two.

T.J. Warren, who immediately stepped into a rotation role after signing his first 10-day contract and is currently on his second 10-day deal, is an obvious candidate to fill one of the Timberwolves‘ two openings. It’s unclear which direction Minnesota go with its other spot.

I had expected Taj Gibson to eventually find his way back to New York, but he has signed for the rest of the season with the Pistons, so the Knicks will go in another direction with their final two roster spots.

DaQuan Jeffries and Mamadi Diakite are currently on 10-day deals and could receive consideration for rest-of-season contracts. For what it’s worth, like fellow Tom Thibodeau favorite Gibson, Ryan Arcidiacono won’t claim one of these openings, since he’s ineligible to re-sign with the Knicks this season.

If the Sixers like what they see from Kai Jones during his 10-day contract, it wouldn’t surprise me to see if they can lock him up to a multiyear deal. If not, they may look elsewhere for frontcourt help, since adding one more center to their roster makes sense with Joel Embiid‘s health still a question mark. The 15th man could be a wing — Philadelphia is ineligible to re-sign Danuel House, but could bring back Danny Green if there’s interest in a reunion.

Wolves Sign T.J. Warren To Second 10-Day Deal

March 16th, 2024 at 1:47pm CST by Luke Adams

1:47pm: Warren’s second 10-day contract with the Timberwolves is official, the club confirmed in a press release. It’ll run through March 25, covering Minnesota’s next five games.

1:02pm: The Timberwolves are bringing back forward T.J. Warren on a second 10-day contract, reports Shams Charania of The Athletic (Twitter link). Warren’s first 10-day deal with the club came to an end on Friday night.

Warren, who had been out of the NBA for the entire 2023/24 season before signing with Minnesota earlier this month, was thrust into an immediate rotation role for the team due to Karl-Anthony Towns‘ injury absence.

In four games, Warren averaged 4.8 points, 2.0 rebounds, and 0.8 assists in 16.0 minutes per game during his first 10 days from the team. He made just 1-of-7 three-pointers (14.3%), but was 8-of-12 (66.7%) from inside the arc.

Warren, who is now 30 years old, isn’t quite as effective a scorer as he was earlier in his career since a left foot injury cost him nearly two full seasons from 2020-22. However, he still has a scoring average of 14.5 PPG on .506/.352/.780 shooting in 378 career regular season contests.

Given that Warren played regular minutes on his first 10-day contract and Minnesota only has 13 players on standard, full-season contracts, a second 10-day deal doesn’t come as a real surprise. Once this second contract expires, the Wolves will have to decide whether or not to sign him for the rest of the season.

Warren will earn $167,004 on his 10-day deal, while Minnesota carries a cap hit of $116,075. The club will still have an open spot on its 15-man standard roster with Warren back under contract.

X-Rays On Gobert's Ribs Negative; Warren's 10-Day Deal Expires

March 16th, 2024 at 10:27am CST by Luke Adams

Timberwolves center Rudy Gobert underwent X-rays after sustaining a rib injury in Tuesday’s game, according to Shams Charania of The Athletic, who says those X-rays came back negative. Gobert is listed as questionable for Saturday’s game in Utah due to what the team is calling a left rib sprain, so it doesn’t appear it’s a significant injury for the Defensive Player of the Year frontrunner.
With Karl-Anthony Towns sidelined, T.J. Warren got the opportunity to play real rotation minutes in his NBA comeback with the Timberwolves, writes Chris Hine of The Star Tribune. Warren’s 10-day contract expired last night, so Minnesota will have to decide whether or not to sign him to a second one.

And-Ones: Scoring, NBA Cup, 2024 Draft, Two-Ways, Howard

March 15th, 2024 at 7:15pm CST by Rory Maher

In a memo obtained by ESPN’s Adrian Wojnarowski, the NBA told teams the league office “did not deliver a directive to reduce scoring” during a competition committee call earlier this week, but the post-All-Star break trend “will continue to be monitored.” As Wojnarowski writes, teams are scoring about four fewer points per game on average since resuming play at the end of February.

“Slower pace, style of play, competitive intensity, officiating focus have been contributing factors identified so far,” the NBA said.

According to Woj, the league also stated one focus area for the meeting was centered on offensive players “hunting for fouls and veering off paths into defenders.” That has also been a point of emphasis for officials — and a “contributing factor” in the reduced scoring output of late.

Here’s more from around the basketball world:

The NBA also informed teams that it was considering a couple of changes to tiebreakers for next season’s NBA Cup, which was called the In-Season Tournament during its debut in 2023/24, Marc Stein reports (via Twitter). Changes under consideration would impact tiebreakers for point differential and head-to-head results, per Stein.
Unlike in 2023, when there was a consensus No. 1 overall pick for well over a year, there’s a huge variance in where players are projected to be drafted in 2024, as Michael Scotto relays in the latest aggregate mock draft for HoopsHype. Scotto spoke to several NBA executives to get a feel for some of this year’s top prospects, including Alexandre Sarr, who is ranked No. 1 in aggregate but as low as No. 7. “I think Sarr has everything to his game,” one executive said. “He needs to go somewhere that’s patient with him. He can be a really good two-way player you can build around in two years. I believe in his shooting and shot blocking.”
Frank Urbina of HoopsHype ranks the most successful players who have previously been signed to two-way contracts. Austin Reaves (Lakers), Duncan Robinson (Heat), Alex Caruso (Bulls), Naz Reid (Timberwolves) and Luguentz Dort (Thunder) make up the top five of the 15-player list.
Former NBA player and assistant coach Juwan Howard has been fired as head coach of Michigan, the school announced in a press release. Howard compiled a 82-67 record in five seasons at his alma mater, making the NCAA Tournament twice (in 2021 and ’22), but the Wolverines went just 8-24 this season and were eliminated in the first round of the Big Ten tournament.

Southwest Notes: Wembanyama, Kyrie, Ingram, McCollum

March 15th, 2024 at 3:10pm CST by Luke Adams

Timberwolves center Rudy Gobert is the heavy betting favorite to be named this season’s Defensive Player of the Year. However, Spurs big man Victor Wembanyama, who is leading the NBA in blocked shots despite averaging just 28.8 minutes per game, is considered a likely finalist for the award in his rookie year.

Responding in French to a reporter from his homeland on Thursday, Wembanyama said that Gobert has earned the Defensive Player of the Year award in 2024, but suggested he intends to supplant his fellow Frenchman as the favorite in future seasons, according to Tom Orsborn of The San Antonio Express-News (subscription required).

“I know that Rudy has a very good chance of winning it this year, and it would be deserved,” Wembanyama said. “Let him win it now, because after that, it’s no longer his turn.”

Wembanyama is one of the most talented rim protectors to enter the NBA in years. Besides racking up blocked shots, he frequently uses his 7’4″ frame and eight-foot wingspan to force opposing players to alter their shots.

“He makes guys think about shooting layups that are usually just gimmes, easy shots, little bunnies around the rim,” teammate Tre Jones said. “He’s making guys question it, dribble out. And it’s been some of the best players in the league. We all see his dominance on the defensive end and it’s only going to get better.”

Here’s more from around the Southwest:

Mavericks guard Kyrie Irving has a “deep desire” to play for Team USA in the Paris Olympics this summer, Shams Charania of The Athletic and Stadium said during an appearance on FanDuel’s Run it Back (Twitter video link). Irving has previously won gold medals at the 2014 World Cup and 2016 Olympics with Team USA, but wasn’t one of the 11 players identified a couple weeks ago as a virtual lock or a “strong candidate” to be part of this year’s team. Still, that group could change in the coming months.
Brandon Ingram is best known for his abilities as a scorer, but his Pelicans teammates and coaches are impressed with the strides he has made as a defender, according to Christian Clark of NOLA.com. Trey Murphy said that Ingram has made “humongous steps” on defense and is “taking those steps to become a two-way superstar.”
Veteran guard CJ McCollum spent the first eight-and-a-half seasons of his NBA career in Portland, but he has found a new home in New Orleans with the Pelicans, both on and off the court, as William Guillory details for The Athletic. “I’m serious about my commitment to New Orleans. I don’t do this for play-play,” McCollum said. “This place holds a special place in my heart, and my family feels the same way.”

Northwest Notes: Ayton, Murray, Wolves, Jazz

March 14th, 2024 at 5:22pm CST by Rory Maher

After an uneven first few months with his new club, Trail Blazers center Deandre Ayton has been living up to his self-styled nickname (“DominAyton”) over the past several weeks, according to Sean Highkin of Rose Garden Report.

“I think we’ve unlocked him,” head coach Chauncey Billups said. “We’re getting the best version of him. He’s been a monster.”

As Highkin writes, since January 24 — a stretch that covers 16 games for Ayton — the Bahamian center has averaged 20.0 PPG, 12.4 RPG, 1.1 SPG and 0.9 BPG while shooting 63.2% from the field and 94.7% from the free throw line in 33.5 MPG. In Wednesday’s victory over Atlanta, the 25-year-old scored a season-high 33 points (on 15-of-20 shooting) and pulled down 19 rebounds, the second time in three games he’s had at least 30 points and 19 boards.

“Coming into these games, I’m trying to do everything,” Ayton said, per Highkin. “Not only do my requirements, my role for this team, but do a lot more. That’s where I’m at. I’m more dominant. People like to laugh at it, but it’s the truth.”

Here’s more from the Northwest:

Nuggets guard Jamal Murray doesn’t hold any individual awards, but he knows he’s respected and feared by his opponents, he told Melissa Rohlin of Fox Sports. “Of course,” Murray said when asked if he thought he was one of the best players in the league. “And I strive to be the greatest. I want to be the best player ever. Obviously, if you don’t shoot high, then you’re never going to get there. I think (Nikola) Jokic is the greatest player right now. And I try to be a close second.” A brilliant postseason performer, the 27-year-old said he has his sights set on the award his teammate Jokic won last year: Finals MVP.
With Karl-Anthony Towns out at least four weeks following knee surgery, it’s natural that people would begin to question the Timberwolves‘ status as a postseason contender, despite their excellent season to this point — they’re currently 45-21, one game back of the top-seeded Nuggets. According to Chris Mannix of SI.com, Minnesota is embracing being an underdog. “We got a team full of dogs, man,” said point guard Mike Conley. “We got guys who want the opportunity that we have. It’s all uphill and people are doubting and that’s where we work best, I think. We’re just going to go out there and do what we do, block the noise out and kind of hold it down until he gets back and be ready to go.” The Wolves have gone 2-2 since Towns was injured.
The Jazz provided injury updates on three injured players on Wednesday, per Andy Larsen of The Salt Lake Tribune (Twitter links). Rookie forward Taylor Hendricks (toe sprain) was a full practice participant yesterday, while Lauri Markkanen (right quadriceps contusion) was a partial participant. Hendricks has missed the past three games, while Markkanen has missed four straight. Jordan Clarkson (right groin strain) did not practice. Larsen speculates that Hendricks could return on Friday vs. Atlanta, but the other two players may take a little bit longer to return.