Glen Taylor has brought two minority-share investors into the Timberwolves ownership group, according to Charley Walters of the St. Paul Pioneer Press (Twitter link), but the 75-year-old Taylor said today that he’s committed to remaining in charge of the team for at least the next five years, observes Jon Krawczynski of The Associated Press. That aligns with the length of the contracts for new coach/executive Tom Thibodeau and GM Scott Layden. Taylor has been in talks to sell 30% of the team to Grizzlies minority-share owner Steve Kaplan, and they were reportedly discussing a plan to have Kaplan eventually succeed Taylor as primary owner. Presumably, no such plan exists for new Wolves part-owners Meyer Orbach, a New York real estate mogul, and John Jiang, who, according to Walters, is believed to be the first NBA investor from China.
See more from around the NBA:
- Dave Joerger would like to see Lance Stephenson back with Memphis for next season, the Grizzlies coach said Monday, according to Ronald Tillery of The Commercial Appeal (Twitter link). Memphis has a $9.405MM team option on Stephenson. “He’s had a lot of success here and the guys accepted him,” Joerger said.
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Agents Matt Babcock and Adie von Gontard of APAA Sports Group have signed Texas senior Cameron Ridley, a source told Hoops Rumors. The 6’10” center was a McDonald’s All-American Game starter in 2012 and ranked 14th in the 2012 Recruiting Services Consensus Index, two spots ahead of current Nuggets shooting guard Gary Harris. Ridley will look to regain that form in predraft workouts with NBA teams and climb his way into the top 100 lists that Chad Ford of ESPN.com and Jonathan Givony of DraftExpress compile.
- Kentucky coach John Calipari said in March that all 14 underclassmen on his roster would enter this year’s draft, at least to test the waters, but only five Wildcats appear on the NBA’s official list of early entrants released earlier this evening. Florida small forward Devin Robinson was reportedly going to enter the draft and doesn’t appear on the official list either, though that’s no shock, since he’s had major foot surgery since the report that he was draft-bound emerged.
Chuck Myron contributed to this post.