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Timberwolves Convert Luka Garza’s Contract To Standard Deal

April 4th, 2024 at 1:45pm CST by Dana Gauruder

1:45pm: Garza has officially been promoted to a standard deal, Minnesota confirmed in a press release.

10:49am: Luka Garza‘s two-way contract is being converted to a standard deal by the Timberwolves, The Athletic’s Shams Charania tweets. That will make Garza eligible for postseason action.

Minnesota has an open roster spot, so a corresponding move won’t be necessary to promote the third-year big man.

A former second-round pick, Garza is in his second season with the Timberwolves after having spent his rookie campaign with Detroit in 2021/22. The 6’10” center has appeared in 21 games this season, averaging 4.2 points and 1.2 rebounds in 5.2 minutes per game. Garza scored 16 points in just nine minutes against Toronto on Wednesday.

The former University of Iowa star will give Timberwolves coach Chris Finch another frontcourt option for the playoffs. Karl-Anthony Towns underwent knee surgery last month and his postseason status is uncertain.

The deadline to sign players to two-way contracts passed a month ago, so Minnesota’s third two-way slot will remain open for the rest of the season once Garza’s promotion is official.

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Northwest Notes: Wolves, Anderson, Jokic, KCP, Blazers

April 3rd, 2024 at 4:05pm CST by Luke Adams

The NBA’s league office hasn’t taken any public stance on the Timberwolves‘ ownership battle, but has kept up to date on the details of the situation and wasn’t caught off guard when longtime team owner Glen Taylor announced last week that he intended to retain his majority stake in the franchise, writes Brian Windhorst of ESPN.

Within a look at what might be next for the Timberwolves as Marc Lore and Alex Rodriguez look to wrest majority control from Taylor, Windhorst shares a few new details on the standoff. Sources tell ESPN that the sales agreement between the two sides is about 50 pages long and features “numerous protections” for Taylor, so his side believes it’s on “firm legal ground” despite claims for the Lore-Rodriguez group that they met all the requirements.

Windhorst also hears from sources that Taylor – who has paid less than $2MM in luxury tax penalties since 2005 – remained very involved in operating the team as the Wolves made several significant financial commitments in recent years that project to take them well beyond the luxury tax line in 2024/25 and beyond. Last fall, for example, he was “haggling over details” in Jaden McDaniels‘ $131MM extension, Windhorst says.

Here’s more from around the Northwest:

  • Kyle Anderson has looked like “the Kyle of old” in recent weeks, according to head coach Chris Finch, which has helped key an offensive resurgence for the Timberwolves, writes Jon Krawczynski of The Athletic. As Krawczynski details, Anderson has played more power forward during Karl-Anthony Towns‘ absence and often orchestrates the offense when he’s in the game. The veteran wing figures to play a key role in the postseason for Minnesota before becoming an unrestricted free agent this offseason.
  • Despite dealing with some pain in his right wrist and left hip as of late, Nuggets center Nikola Jokic isn’t looking to take any time off as the team attempts to secure the No. 1 seed in the West, writes Bennett Durando of The Denver Post. “My goal is to play every game, and that’s my mindset,” Jokic said on Tuesday after matching his season high with 42 points to hold off the Spurs. Denver currently holds the West’s top spot by a half-game over Minnesota and Oklahoma City.
  • Vinny Benedetto of The Denver Gazette takes a look at Nuggets wing Kentavious Caldwell-Pope‘s quest to earn an All-Defensive nod for the first time in his 11th NBA season.
  • A 10-game losing streak has put the Trail Blazers (19-56) in position to possibly slip below San Antonio (18-58) and Charlotte (18-57) in the standings and finish as a bottom-three team, which would result in the best possible draft lottery odds, notes Aaron Fentress of The Oregonian.
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And-Ones: Harding, Cooper, All-NBA, Kaba, Bronny

April 2nd, 2024 at 7:34pm CST by Dana Gauruder

Stockton Kings head coach Lindsey Harding has been named the NBA G League Coach of the Year in a vote by G League head coaches and general managers, NBA Communications tweets. Harding is the first woman to win the Coach of the Year award in the NBA G League. She’ll receive the Dennis Johnson Trophy.

Harding was hired to coach Sacramento’s NBAGL affiliate last June. Harding spent the past four seasons as an assistant/player development coach with the NBA’s Kings.

We have more from around the basketball world:

  • Sharife Cooper has signed with China’s Liaoning Flying Leopards, according to Sportando. Cooper signed a 10-day contract with the Cavaliers in late February but didn’t play at all and didn’t receive a second 10-day contract. He has spent the bulk of this season with the Cavs’ G League team, the Cleveland Charge.
  • Who are the highest-paid players who have never received All-NBA honors? HoopsHype’s Michael Scotto ranks the top 50 in that category, with the Timberwolves‘ Mike Conley ($276.5MM), the Thunder‘s Gordon Hayward ($271MM) and the Celtics‘ Jrue Holiday ($259.4MM) topping the list.
  • Alpha Kaba, a 2017 draft-and-stash prospect, has signed with Valencia, the Spanish team tweets. The Rockets acquired the NBA rights to Kaba in a five-team trade last summer, though it appears unlikely that Kaba is planning on an NBA career. The big man had been playing with China’s Jiangsu Dragons.
  • Bronny James has entered the transfer portal, college basketball expert Dick Weiss tweets. Following an underwhelming freshman year at USC, Bronny is considered more likely to stay in college for another year than to be drafted in 2024. LeBron James‘ son posted averages of 4.8 points, 2.8 rebounds and 2.1 assists while shooting 36.6% from the field in 25 games for the Trojans.
    [UPDATE: Weiss has since walked back his report on Bronny entering the transfer portal, tweeting that it’s not yet confirmed.]
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NBA Announces Finalists For Sportsmanship, Teammate Of The Year Awards

April 2nd, 2024 at 12:41pm CST by Luke Adams

The NBA announced the 2023/24 finalists for a pair of awards on Tuesday, naming the six players who are eligible to win the Sportsmanship Award for this season, as well as the 12 players who are in the running for Teammate of the Year honors.

The Sportsmanship Award honors the player who “best represents the ideals of sportsmanship on the court,” per the NBA. Each of the league’s 30 teams nominated one of its players for the award, then a panel of league executives narrows that group to six finalists (one from each division) and current players voted for the winner.

The trophy for the Sportsmanship Award is named after Joe Dumars, the Hall-of-Fame guard who won the inaugural award back in ’95/96. This season’s finalists are as follows (via Twitter):

None of this year’s finalists for the Sportsmanship Award have earned the honor in the past, so the 2023/24 winner will be a first-timer. Mike Conley won the award last year for a record fourth time.

Meanwhile, the NBA also announced its finalists for the Teammate of the Year award for 2023/24. According to the league, the player selected for the honor is “deemed the best teammate based on selfless play, on- and off-court leadership as a mentor and role model to other NBA players, and commitment and dedication to team.”

The voting process is similar to the Sportsmanship Award — a panel of league executives selects 12 finalists (six from each conference) for the award, then current players vote on the winner.

Like Conley with the Sportsmanship Award, last season’s Teammate of the Year – Jrue Holiday – has the record for most times winning the award (three), but isn’t among the finalists for 2023/24. Of this season’s 12 finalists, the only one to take home the award in the past is Conley, who claimed it in 2019.

The Teammate of the Year finalists finalists are as follows (via Twitter):

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Rudy Gobert Upset With Alex Caruso

April 1st, 2024 at 11:59am CST by Arthur Hill
  • Timberwolves center Rudy Gobert was upset after battling for a rebound with Chicago’s Alex Caruso on Sunday, tweets Jon Krawczynski of The Athletic. “I had a knee injury a couple years ago on the same play and missed a month because someone ran into my knee,” Gobert said. “I hope they look at this, because if they don’t hold people accountable, I’m gonna hold them accountable myself.”
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Northwest Notes: Wolves, Jokic, Murray, George, Giddey

March 30th, 2024 at 9:52pm CST by Arthur Hill

The battle for control among Timberwolves‘ ownership isn’t affecting the team’s performance, writes Chris Hine of The Star Tribune. While majority owner Glen Taylor and minority owners Marc Lore and Alex Rodriguez fight things out in the media and probably in the court system, Minnesota picked up one of its biggest wins of the season Friday night at Denver. The Wolves are now tied with Oklahoma City for the top spot in the West with just nine games remaining.

“I don’t think it affects the players as much,” Mike Conley said of the ownership situation. “Maybe it affects the image of the team, the aura of the team around a little bit. But as far as the players are concerned, I think we just are like, ‘Damn, that’s crazy.’ Then we go back to watching film and worrying about (Nikola) Jokic, Jamal Murray and (Michael) Porter and those guys. It’s a unique situation and it’s something we don’t have any control over. We’re trying to do our job.”

Rudy Gobert didn’t mention Taylor, Lore or Rodriguez by name, but he said ownership in general has improved since he was traded to Minnesota nearly two years ago, creating a better atmosphere for the players.

“Whether it’s nutrition, recovery, facility, family room, how our family is being treated — it’s a lot of things,” Gobert said. “This organization is becoming really a top-notch organization and I think it’s come a long way.”

There’s more from the Northwest Division:

  • The Nuggets may need to prioritize health over chasing the No. 1 seed, contends Bennett Durando of The Denver Post. Jokic played with his right wrist taped Friday night, and Durando observes that it was clearly bothering him even though he finished with 32 points and 10 rebounds. “His wrist has been giving him a lot of trouble,” coach Michael Malone said. “But as we know, Nikola plays through things that most guys won’t.” Murray missed his fourth straight game with an ankle injury, but Malone said he’s expected to return before the start of the playoffs.
  • The Jazz dropped their eighth straight game Friday night as they deal with the realities of starting three rookies, notes Andy Larsen of The Salt Lake Tribune. Taylor Hendricks, Keyonte George and Brice Sensabaugh are struggling with efficiency as they get accustomed to playing big minutes at the NBA level, but the organization is committed to all three players, with coach Will Hardy complimenting George on his mental approach to the game. “Keyonte is really, really smart. He’s really, really smart in general, and that applies to basketball,” Hardy said. “He watches a lot on his own, which is very rare these days. He’s at home watching League Pass, watching games. So with that he has pretty quick recognition of things. He has an ability to learn things fast. He has really good recall. He can remember plays that we ran three weeks ago that we haven’t scripted in a while.”
  • Thunder swingman Josh Giddey said he used to hate it when teams dared him to shoot from the outside, but he’s learned to use it as a weapon, tweets Joel Lorenzi of The Oklahoman. “Now I’ve changed my mindset going into games,” Giddey said, “where it’s like, ‘If he’s gonna leave me open, I’m gonna punish them. I’m gonna make them pay and change their defensive scheme.’”
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Northwest Notes: Murray, SGA, Sharpe, Wolves, Jazz

March 30th, 2024 at 4:08pm CST by Luke Adams

Jamal Murray continues to deal with a sprained left ankle and swollen right knee, having missed a fourth consecutive game on Friday vs. Minnesota. According to a report from ESPN, Nuggets head coach Michael Malone told reporters before Friday’s game that Murray is improving, but said he’s “not ready to go out there and compete at the level that we need him to” and hinted that the star guard may remain out for Sunday’s game vs. Cleveland.

Still, Malone isn’t worried at this point that Murray’s health issues will extend into the postseason, adding, “I do think he will be back on the court before the playoffs start.”

It should be an eventful spring and summer for Murray, assuming he gets – and stays – healthy. After seeking a second straight NBA championship with the Nuggets, the 27-year-old hopes to suit up for the Canadian national team at the Olympics in Paris, he confirmed to Eurohoops.

“I’m excited to be there,” he said. “We have a great squad, (it) was great to see them win a medal (at the 2023 World Cup). Hopefully, we can go our way and win gold this summer.”

Here’s more from around the Northwest:

  • Thunder star Shai Gilgeous-Alexander missed a second consecutive game on Friday vs. Phoenix due to his right quad contusion. Head coach Mark Daigneault said that Gilgeous-Alexander will continue to be considered day-to-day, so there’s no indication at this point that the injury will result in an extended absence (Twitter link via Joel Lorenzi of The Oklahoman).
  • Trail Blazers guard Shaedon Sharpe, who is recovering from core muscle surgery, is with the team on its current seven-game road trip and will continue to be evaluated after participating in non-contact and conditioning drills in the G League earlier this week, per the club (Twitter link). Sharpe hasn’t played since January 11, but there’s still hope that he’ll return in the season’s final two weeks.
  • Timberwolves head coach Chris Finch said on Friday that he has great relationships with Glen Taylor, Marc Lore, and Alex Rodriguez, so he won’t be taking sides in the franchise’s ownership struggle and doesn’t expect the situation to affect his team at “troop level,” tweets Chris Hine of The Star Tribune. “If there was ever a definition of ‘above your pay grade,’ this is it,” Finch added.
  • After expressing some concern in mid-February about the frustration level in the Jazz‘s locker room, Andy Larsen of The Salt Lake Tribune says the locker room vibes in Utah are “way better” now. However, that comes with an important caveat — according to Larsen, since the Jazz have fallen out of the postseason race, they’re no longer as stressed about winning games, as “the sting of losing is absolutely gone.”
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Lore, A-Rod Confident They’ll Become Wolves’ Majority Owners

March 29th, 2024 at 8:15pm CST by Rory Maher

In an interview with Eben Novy-Williams and Eric Jackson of Sportico, Timberwolves minority owners Marc Lore and Alex Rodriguez expressed confidence that they’ll eventually become the team’s majority owners.

“We’re going to be the owners of the Minnesota Timberwolves,” Lore said. “It’s just a matter of time, and how much pain Glen (Taylor) wants to put the fans, the players, the town and community through. It’s his choice. It didn’t have to be this way.”

On Thursday, current majority stakeholder Taylor said Lore and Rodriguez broke the terms of the purchase agreement by not completing the final payment option by March 27. He acknowledged “under certain circumstances, the buyer could have been entitled to a limited extension. However, those circumstances did not occur.”

Lore and Rodriguez told Sportico they fulfilled their end of the bargain, claiming that Taylor is trying to back out of a deal that he no longer views as “financially advantageous.” The duo call it a “complete and utter disregard for the contract.”

Specifically, Lore and Rodriguez pointed to a clause in the purchase agreement that states the buyers are entitled to an automatic 90-day extension “if they’ve submitted the signed financial subscriptions but are still awaiting NBA approvals.” They say the commitments were submitted on March 21 — six days prior to the March 27 deadline — and league approval is still pending.

While they didn’t commit to a lawsuit, Lore and Rodriguez said their lawyers are currently talking to the NBA, and they’re going to fight to uphold their interpretation of the contract.

“I’ve never sued anyone; I’ve never been sued,” Lore said, per Sportico, “but we’re dealing with someone that is very comfortable operating that way, and we have to take whatever actions are necessary to protect our childhood dream here.”

There are more interesting tidbits from the interview with Novy-Williams and Jackson, which is worth reading in full. However, Lore, Rodriguez and Taylor also spoke to several other outlets on Thursday and Friday.

Here’s a round-up of the other interviews, which feature more details on the history and recent events from both sides of the ownership dispute:

  • Taylor was turned off by an “opulent private owners’ suite” that Lore and Rodriguez had built — and Taylor approved — near the team’s locker room, per Jon Krawczynski and Shams Charania of The Athletic. “They wanted that private room for themselves down there,” Taylor told The Athletic. “I didn’t think that was a very good idea. But I OK’d it and paid for it and stuff like this. So I bent the corners a little bit and stuff like this here. But, I mean, that was more of their priority that they had that room than, ‘Who are we trading for?’” Former baseball star Rodriguez pushed back on that notion. “I would expect to hear that from like, a teenager, not from someone who’s so mature and so astute and who has been so successful,” Rodriguez said in a video call Friday. “Not only is that a cheap shot, but it is disingenuous and disappointing.”
  • Lore and Rodriguez say they were stunned by Taylor’s announcement that he would remain the majority owner and the sale was off, according to The Athletic’s report. “We thought we were on good terms and we had a good relationship, and they were happy with all the time that we’ve put into the team to help get the team to where it is today,” Lore said. “They seemed appreciative of that and then boom. It’s really like a nuclear bomb went off, completely unexpected and very, very disappointing.” Taylor, meanwhile says it was simply a business deal that didn’t materialize: “If they would have had the money on the 27th, the deal would have been all done and they would have had control .But they didn’t.”
  • In every interview they’ve given today, Lore and Rodriguez said when Taylor released his announcement, he also sent a message through his lawyer barring the pair from entering the private suite, entering certain parts of the arena, speaking to team executives, and even the players. Lore and Rodriguez view that as personal; Taylor told The Athletic it was standard procedure for minority owners. “It is now personal,” Rodriguez said. “We can be in this (fight) for five years, 10 years, whatever. We’re not going to let go.”
  • Chris Hine of The Star Tribune — a paper owned by Taylor — has more quotes from both sides of the ownership disagreement. “It’s just bad faith that you have a deal and a contract, and then because you’re able to get more money, you just decide I don’t want the contract anymore,” Lore said. “That’s just bad faith. It’s not being a good person, a good partner, a good human. You just don’t do that. It’s sort of like honor. It’s honor a little bit. You made a deal and then you honor it because you have integrity.”
  • Rodriguez confirmed that he was the one raising money for the last payment option, and said he and Lore would have owned “close to 50%” of the franchise had the sale been completed, with other investors holding a significant stake — roughly 30%, per Hine (Taylor would have held the final 20%). Rodriguez and Lore currently control 36% of the Wolves and WNBA’s Lynx. There have been rumors throughout the past few years that the duo didn’t have the capital necessary to complete the sale, but they said that wasn’t the case. “I’ve never been in better financial position,” Lore said. “Way better now than I was two and a half years ago when we did this deal. … I’m flush with cash. I’ve got literally hundreds of millions of dollars in the bank, ready to invest in the Wolves and bring home a championship. We’re never in a better spot.“
  • Lore and Rodriguez also spoke to Dane Moore on his podcast and Darren Wolfson of KSTP Sports about their side of the disagreement. Among other things, Lore said he’d just seen Taylor and his wife at a game a few days ago and there was no indication that anything was amiss with the sale.
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Latest On Timberwolves’ Ownership Situation

March 29th, 2024 at 2:37pm CST by Luke Adams

Current Timberwolves majority owner Glen Taylor and the Marc Lore/Alex Rodriguez-led group that expected to take over control of the team have a difference of opinion over whether the prospective owners should have been granted an extension on Wednesday’s deadline to finalize the sale, according to Chris Hine of The Star Tribune.

[RELATED: Glen Taylor Announces He’ll Retain Majority Stake In Timberwolves]

[RELATED: Lore, A-Rod Dispute Taylor’s Claim To Wolves Ownership]

As Hine explains, language in the sale agreement indicated that the March 27 deadline could have been extended by 90 days if the two sides were awaiting NBA approval to complete the deal. A source tells The Star Tribune that Lore and Rodriguez submitted paperwork to the league last week to complete the agreement and believed a 90-day extension should have been granted in order to give the NBA time to make its decision.

However, Taylor stated that an agreement between him and the Lore/Rodriguez group needed to be completed before the league could approve it, and he believes no such deal was in place.

“They didn’t meet our obligations, so we’re just saying the deal is off,” Taylor said. “But even if we said, ‘OK, we think we have a deal with you,’ they have to start all over and go to the league and the league has to approve of them. … That’s no guarantee.”

According to Patrick Reusse of The Star Tribune, Taylor also pushed back on reports claiming that his relationship with Lore and Rodriguez has “deteriorated” over the past couple years.

“I don’t know if that’s accurate,” he told Reusse. “Lore told me he has been busy 24/7 with other projects. And A-Rod — he has a lot of people to meet when he’s at a game. The deadline had been pushed back, and they missed it. That’s what led to this.”

Taylor also acknowledged that litigation is a possibility if Lore and Rodriguez want to pursue their claim to ownership: “Everyone has the right to bring in the lawyers.”

Here’s more on the Timberwolves’ ownership drama:

  • According to Reusse, Taylor dismissed the idea that an increase in NBA franchise valuations over the past two to three years led to his decision to strictly enforce Wednesday’s deadline and nix the sale. “Not for me,” said Taylor, who initially agreed to sell the Wolves for a $1.5 billion valuation. “My money’s going to the Taylor Foundation, not in my pocket. But my limited (partners), they might be happy if the Timberwolves are sold later for a higher price.”
  • On the other hand, a statement Taylor gave to Jon Krawczynski of The Athletic (Twitter link) didn’t exactly put to bed the idea that the longtime Wolves owner is experiencing seller’s remorse. “I just think (we) built this team,” Taylor said in explaining why he’s not putting the team back on the market. “We’ve got the players now. And it appears to me that we should have a very positive run for a number of years, and I want to be a part of that.”
  • Reusse’s Star Tribune column on the situation includes several more tidbits of note, including Taylor specifying that the Lore/Rodriguez group currently owns 36% of the team. “I will work with them, as I do with my other limited (partners),” Taylor said. The 82-year-old also repeated a point he’s made before, telling Reusse that if he was concerned about maximizing his payout, he could’ve agreed to sell the Wolves to an owner that wasn’t committed to keeping the franchise in Minnesota. “We could’ve gotten $2.5 billion paid upfront, but that person was going to try to move the team to Las Vegas,” Taylor said.
  • Josh Kosman and Ryan Glasspiegel of The New York Post take an in-depth look at why the deal didn’t go through, suggesting that Lore was “laser-focused” in recent months on his gourmet food delivery-company Wonder and left the final stage of the process largely to Rodriguez. According to The Post’s sources, Lore put more money in during the group’s first two rounds of payments and wanted Rodriguez to invest more this time around to “catch up,” so it was left to A-Rod to raise capital.
  • Sources tell Kosman and Glasspiegel that Rodriguez was trying to sell interests at a valuation of over $2 billion, rather than his $1.5 billion valuation, which diminished enthusiasm among potential investors to some extent, especially since those investors would be playing “second fiddle” within the ownership hierarchy. While A-Rod eventually raised the money necessary – the equity fund Blue Owl HomeCourt made an investment, per Hine, after the NBA rejected The Carlyle Group, per The Post – “the whole process was delayed” and went down to the wire, according to Kosman and Glasspiegel.
  • Mike Conley said today that the ownership situation doesn’t have much of an impact at this time on the Timberwolves’ players, who are focused on their Friday matchup with the rival Nuggets, tweets Hine. “Maybe it affects the image of the team, the aura of the team around a little bit,” Conley said. “But as far as the players are concerned, I think we just are like, ‘Damn, that’s crazy.’ Then we got back to watching film and worrying about (Nikola) Jokic, Jamal Murray, and (Michael) Porter and those guys.”
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Lore, A-Rod Dispute Taylor’s Claim To Wolves Ownership

March 28th, 2024 at 1:02pm CST by Rory Maher

On Thursday morning, Timberwolves owner Glen Taylor announced that he will retain his majority stake in the franchise after the final purchase option held by minority owners Marc Lore and Alex Rodriguez expired on Wednesday.

That would leave Taylor with about a 60% stake in the Wolves and WNBA’s Lynx, with Lore and Rodriguez controlling approximately 40%. The final option would have seen Lore and Rodriguez become the majority owners with an 80% stake, while Taylor would have retained 20%.

In Taylor’s press release, he also said the Wolves and Lynx are no longer for sale.

However, in their own statement this afternoon, Lore and Rodriguez disputed Taylor’s claim to ownership, and they believe they should — and will — become majority owners, per Jon Krawczynski of The Athletic (Twitter link).

“We are disappointed with Glen Taylor’s public statement today. We have fulfilled our obligations, have all necessary funding and are fully committed to closing our purchase of the team as soon as the NBA completes its approval process.

“Glen Taylor’s statement is an unfortunate case of seller’s remorse that is short sighted and disruptive to the team and the fans during a historic winning season.”

Sources tell ESPN’s Adrian Wojnarowski (Twitter link) that the relationship between Taylor and Lore and Rodriguez has “disintegrated over the past two-plus years.” That reporting certainly seems to align with today’s contentious news.

As Krawczynski writes in a full story for The Athletic, the next steps aren’t immediately clear. A week ago, Lore and Rodriguez submitted the financial documentation they believed was necessary to complete the purchase. But Taylor says the duo failed to reach several key benchmarks in the purchase agreement.

According to Krawcyznski, the purchase agreement calls for third-party mediation and arbitration to resolve disputes like the one currently unfolding. Whatever happens next, it doesn’t seem like the situation will be resolved anytime soon.

There’s no indication the dispute has disrupted Minnesota’s play on the court — the Wolves are in the midst of their first 50-win season in two decades. The timing is certainly unfortunate though, with only 10 regular season games remaining before the playoffs get underway next month.

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 were reportedly instrumental in recruiting president of basketball operations Tim Connelly away from the Nuggets in 2022.

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