Glen Taylor Rumors | Hoops Rumors

Wolves Notes: Ownership Battle, Gobert, Alexander-Walker, DiVincenzo

April 4th, 2025 at 12:07pm CST by Arthur Hill

The nearly year-long battle that Glen Taylor waged to keep control of the Timberwolves gave Marc Lore and Alex Rodriguez more time to improve their financial position, writes Jon Krawczynski of The Athletic. Taylor gave up that fight this week and reportedly won’t appeal an arbitration case that was decided in favor of the new owners.

As Krawczynski writes, Lore and Rodriguez were able to secure former New York City mayor Michael Bloomberg as a minority investor and set aside $950MM in an escrow account. Although they still need formal approval from the NBA’s Board of Governors, having that much cash on hand takes away any financial concerns about their ability to operate the team.

Sources tell Krawczynski that the long-running dispute has ended any plans of having Taylor remain as a limited partner after the sale is finalized. Taylor will be fully bought out, and complete control will be transferred to the Lore-Rodriguez group, which also includes former Google CEO Eric Schmidt and several other high-profile investors.

Krawczynski speculates that Taylor, who underwent hip surgery in December, wanted to put the issue behind him now that he’s feeling better physically. He also recognized that it’s difficult to get an arbitrator’s decision reversed, and he doesn’t want to be responsible for the team’s tax bill of nearly $90MM when the league’s fiscal year ends this summer.

There’s more from Minnesota:

Rudy Gobert‘s presence in the middle gives the Wolves hope of recapturing the dominant defense that led the NBA last season, Krawczynski adds in a separate story. The team has been more sporadic this year, Krawczynski observes, ranking sixth in defensive efficiency, but Gobert is asserting himself more as the playoffs approach. “I just try to set the tone,” he said. “I know that when I do that, it’s contagious for the team. For me, it’s really important to do it for the first minute of the game to the last and in practice every day and in the weight room. Wherever I’m at, I try to lead by example.”
Nickeil Alexander-Walker described himself as “lost” when he was sent to Minnesota along with Mike Conley at the 2023 trade deadline, per Chris Hine of The Star Tribune. Alexander-Walker has developed into a valuable rotation player, but he feared at the time that his NBA career might be close to an end. “Traded twice in 18 hours, not knowing what my reality of my career was gonna be,” he recalled. “Especially going into year four, I truly believed this could be my last year, going into my contract year, haven’t really had the opportunity to show what I could do.”
In an interview with Simone Sandri of La Gazzetta dello Sport, Donte DiVincenzo said he hopes to play for Italy at EuroBasket this summer. DiVincenzo recently talked to officials from the Italian national team and just has to finalize his passport. “I would say yes, we are all on the same wavelength,” he said. “For me it would be great to represent Italy, now we just have to wait for the documents to arrive.”

Glen Taylor To Cede Control Of Timberwolves To Lore, Rodriguez

April 2nd, 2025 at 10:11am CST by Luke Adams

Longtime Timberwolves owner Glen Taylor has decided not to appeal an arbitration ruling in favor of Marc Lore and Alex Rodriguez and will sell his controlling interest in the franchise to the minority stakeholders, reports Shams Charania of ESPN.

When Lore and Rodriguez reached an agreement in the spring of 2021 to buy the Timberwolves from Taylor, the succession plan called for the new owners to initially come aboard as minority stakeholders with a 20% share of the franchise.

The duo then had until the end of 2022 to exercise an option to purchase approximately another 20% and had until the end of 2023 to exercise their option for an additional 40% stake, bringing their total share to 80% in 2024 — that plan would have made them the controlling owners a year ago.

However, the process hit a snag in March 2024 when Taylor announced he would be retaining control of the Timberwolves, citing a breach of contract and a failure to meet a payment deadline. Lore and Rodriguez disputed that characterization, stating that they had the funds necessary to become majority owners but were awaiting NBA approval and should have been entitled to an extension.

After mediation failed to resolve the dispute between the two sides, it advanced to an arbitration hearing. A three-person arbitration panel voted in favor of Lore and Rodriguez in February, and Taylor has been weighing his options since then.

Rather than continuing his fight to retain the franchise, Taylor has agreed to sell 100% ownership to the Lore/Rodriguez group at the $1.5 billion valuation that was initially agreed upon in 2021, according to Charania, who says that decision was made after the two sides held discussions over the past six weeks.

The franchise’s value has increased substantially since that deal was made (as of December, Sportico pegged it at $3.29 billion), which was believed to be a major factor in Taylor’s efforts to try to halt the sale. Still, Taylor will ultimately come out way ahead in the transaction after having reportedly paid in the neighborhood of $88-94MM to buy the Timberwolves in 1994.

There are still some final hurdles to clear before the ownership transfer is officially finalized. Most notably, the NBA’s Board of Governors will need to approve the new ownership group, which includes other investors – such as Michael Bloomberg – in addition to Lore and Rodriguez. However, there’s no reason to believe that the league will stand in the way of the sale.

Once the transfer is complete, Lore is reportedly expected to serve as the Timberwolves’ primary governor. One February report suggested that former Minnesota star Kevin Garnett – who had a long-standing feud with Taylor – will likely be hired to a position in the team’s front office when Lore and Rodriguez officially take over.

Adam Silver Talks Expansion, Wolves Sale, Tanking, RSNs

March 28th, 2025 at 3:10pm CST by Luke Adams

Asked at his Thursday press conference whether the NBA has looked any more at adding an expansion team or two, commissioner Adam Silver said the league is “still in the process of digesting the Celtics (sale)” and expects to explore expansion in a “more serious way” once that transaction is finalized, per Tim Bontemps of ESPN.

As Bontemps notes, ESPN has previously reported that the Celtics sale was viewed as a possible precursor to expansion, since it would provide a point of reference for how much the expansion fees for new teams could potentially be worth.

“I wish I could be more conclusive today and say, ‘Here it is, here’s the timeline,'” Silver said, according to Tim Reynolds of The Associated Press. “There are events that are clearly outside of my control. Part of it, as I said, is trying to assess value in a way that’s both fair, even to a potential owner, and fair to the existing owners in terms of what it means to add additional partners, different cities, divide up our current media pie with the 31st or 32nd share.

“And also, we want to make sure we put teams in a position, particularly as we’re setting the price, to be in a position to be competitive, economically successful and just as important for the other teams, successful on the floor.”

According to Bontemps, the widespread belief is that if the NBA expands, it would do so by two teams instead of one, with Seattle and Las Vegas considered the strong frontrunners for new teams.

We previously relayed Silver’s comments on Thursday about a new European league and the NBA’s All-Star format, but he also addressed several other topics during his New York presser. Here are some highlights:

Addressing the Timberwolves‘ ownership situation, Silver said longtime owner Glen Taylor is still considering whether to appeal an arbitration ruling in favor of prospective owners Marc Lore and Alex Rodriguez and that Taylor continues to communicate directly with Lore and Rodriguez, Bontemps writes. Silver referred to the situation as “on hold” while Taylor weighs his options.
Silver believes that the variety of tweaks made by the NBA in recent years – including new draft lottery odds, the introduction of the play-in tournament, and the implementation of the 65-game rule and player participation policy – have helped limit the impact of tanking, but admits that the league is still mulling ways to further address the issue. “It comes down to incentives,” Silver said, per Bontemps. “There’s no doubt that incentives change at the end of a season, especially when you have a draft that’s perceived not just with the top pick, but the top maybe few picks is an incredibly strong draft. That’s a way, a legitimate way of rebuilding in this league. So I’m not sitting here saying, ‘All right, here’s the new calibration to the draft lottery and that will solve it.’ We don’t have a new plan at the moment. I don’t have an answer sitting here today as to what we’re going to do other than to say that we recognize it’s an issue and it’s an issue for our fans. And so we’re paying attention to it.”
While Silver acknowledges the regional sports network landscape has become murky in recent years, he’s optimistic that the NBA will be able to “derive value from the situation,” Bontemps writes. “We think there’s tremendous opportunity there,” the commissioner said. “You have bankruptcies of RSNs, other RSNs that have shut down, and I think that’s created, for lack of a better term, a lot of transactional friction of people who would otherwise be interested. At the same time, well-known streaming services that only a year ago were saying they have no interest in live sports are now aggressively bidding on live sports. So we see no reason why the extent there’s that interest on a national basis or even a global basis there wouldn’t also be on a local basis.”

Kevin Garnett On Track For Role In Wolves’ Front Office?

February 23rd, 2025 at 4:00pm CST by Luke Adams

Former Timberwolves star Kevin Garnett is expected to return to the organization in a front office role if and when Marc Lore and Alex Rodriguez are officially approved as the team’s majority owners, reports Charley Walters of The St. Paul Pioneer Press (subscription required; hat tip to Sportando).

Walters stated way back in 2021 that he was hearing buzz about the possibility of Garnett becoming “heavily involved” in the Timberwolves’ basketball operations department when Lore and Rodriguez formally completed their purchase of the club from longtime owner Glen Taylor.

Jon Krawczynski of The Athletic, meanwhile, reported in 2022 that Lore and Rodriguez wanted to repair the organization’s relationship with Garnett, who feuded with Taylor after leaving Minnesota. Krawczynski said at the time that the incoming ownership group planned to retire Garnett’s jersey.

Lore and Rodriguez had appeared poised to take over majority control of the Timberwolves from Taylor during the spring of 2024, but that process was delayed when Taylor attempted to retain majority control of the franchise, claiming that the Lore/A-Rod group missed a payment deadline. That led to a legal battle that was resolved by an arbitration hearing earlier this month.

Although arbitrators ruled in favor of Lore and Rodriguez, the new ownership group will still need to be approved by the NBA’s Board of Governors before assuming control of the team.

Garnett’s long-running beef with Taylor began when a plan to rejoin the organization once his playing days were over fell apart following the death of former Timberwolves president and head coach Flip Saunders. Garnett, who believes Taylor reneged on an agreement between them, said in 2020 that he would never forgive the Wolves owner for it, adding, “I don’t do business with snakes.”

Garnett has repeatedly professed a love for Minnesota and for Timberwolves fans, so it makes sense that he’d be interested in rejoining the team in some capacity once Taylor is no longer calling the shots.

While Walters suggests that Garnett could be hired “as soon as” Lore and Rodriguez take over for Taylor, it’s unclear what sort of position he might take on. Walters’ 2021 report about the Hall of Famer potentially becoming “heavily involved” in the front office came a year before the club hired Tim Connelly as its president of basketball operations, so a role for Garnett may look different today than it would have four years ago.

Adam Silver Discusses Doncic Trade, Other Topics In All-Star Press Conference

February 15th, 2025 at 9:43pm CST by Arthur Hill

NBA commissioner Adam Silver was as surprised as anyone when news broke that Luka Doncic had been traded to the Lakers two weeks ago, writes Tim Reynolds of The Associated Press. At his annual All-Star Weekend press conference, Silver said he wasn’t given advance notice from anyone about the deal.

He also refused to second guess the Mavericks, who have received an enormous amount of criticism for parting with Doncic, especially from their own fans.

“I can say one thing for sure: Whether or not history will ultimately judge this as a smart trade, they did what they thought was in the best interest of their organization,” Silver said. “I have absolutely no knowledge or belief there were any ulterior motives, no doubt in my mind that the Dumont-Adelson families bought that team to keep it in Dallas. I have no doubt whatsoever that they’re committed to the long-term success of that franchise.”

Silver added that he’s “empathetic” toward Dallas fans who are upset about the deal, which looks even worse since Anthony Davis was injured in his first game with the team.

“Time will tell whether it was a smart trade,” Silver said. “But they should believe in their organization.”

Silver addressed several other topics during his meeting with reporters, according to Reynolds:

The Hornets contacted the league office after the Lakers rescinded their trade for Mark Williams, but Charlotte hasn’t filed a formal appeal. “Let’s see what Charlotte decides to do here,” Silver said. “But I think either way, it’s gotten our attention. We understand that in the back and forth of teams and trades that the extent we can reduce uncertainty, that’s a positive thing.”
The league is waiting for a response from Timberwolves majority owner Glen Taylor after an arbitration panel ruled in favor of Marc Lore and Alex Rodriguez this week. Silver said he doesn’t see any reason why the sale of the team wouldn’t be approved, but he doesn’t want to speak for the Board of Governors. “I mean, that’s Glen’s decision to make,” Silver said. “I haven’t talked to him directly about that. I think, though, that A-Rod, certainly Marc Lore, are well-known to the league at this point. They’ve already been vetted and approved as minority owners. I think they understood that the league had no role in this arbitration. That was something they had agreed to as part of their purchase agreement.”
The league decided against a repeat of last year’s All-Star Weekend shooting contest between Stephen Curry and WNBA star Sabrina Ionescu, with Silver explaining, “Last year was so magical, that competition, that it started to feel forced. And I think there was concern from all of us that we just weren’t feeling it.”
Silver cited progress in the NBA’s television ratings, although he admitted that he’d like to see them higher. He added that the league measures its audience in several ways and is enjoying “record popularity” on social media.

Arbitrators Rule In Favor Of Lore, Rodriguez In Timberwolves Ownership Dispute

February 10th, 2025 at 5:03pm CST by Dana Gauruder

6:19pm: Taylor has also issued a statement, expressing “disappointment” in the arbitrators’ decision, Mannix tweets.

“Becky and I were disappointed by this 2-1 decision from the panel. We will review the decision thoroughly prior to making any further comment. We would like to express our sincere appreciation to Timberwolves and Lynx players, staff, and loyal fans for their support.”

5:03pm: Arbitrators have ruled in favor of Marc Lore and Alex Rodriguez in their legal dispute with Glen Taylor for majority ownership of the Timberwolves, ESPN’s Shams Charania tweets.

The next step is for the league’s Board of Governors to vote on formal approval of Lore and Rodriguez as the team’s majority owners.

The duo released a statement relayed by Chris Hine of the Minneapolis Star Tribune (Twitter link) that the arbitrators’ decision “endorsed Lore and Rodriguez’s interpretation of the purchase agreement and confirmed that the contractually agreed timeline for Lore and Rodriguez to obtain NBA approval and complete their acquisitions of the teams (including the WNBA’s Lynx) has not expired.”

The statement added that Lore and Rodriguez are “extremely pleased” with the decision and will work the league to “complete the approval process and close the transaction.”

It’s not a slam dunk that they’ll gain Board of Governors approval. Chris Mannix of Sports Illustrated notes that they’ll need to collect at least 23 of the 30 votes from the league’s owners and Taylor is a former BOG chairman who has a long history with commissioner Adam Silver (Twitter link).

The arbitration hearing to decide the ownership dispute was held in November. The process advanced to arbitration in July after a one-day mediation in the spring failed to make any progress.

The dispute has been ongoing since the tail end of last season. Taylor nixed the previous tiered payment agreement with Lore and Rodriguez, citing a breach of contract and a failure to meet a payment deadline. Lore and Rodriguez disputed that characterization, stating that they had the funds necessary to become majority owners but were awaiting NBA approval and should have been entitled to an extension.

The third payment in dispute would increase Lore and Rodriguez’ share from 36% to about 80% and the purchase agreement stipulated that they could buy out Taylor’s remaining 20% stake anytime before March 2025.

Taylor is now contractually compelled to sell them the controlling share for the previously agreed upon $1.5 billion valuation. The franchise’s value is substantially higher since that agreement, which was a major factor in Taylor’s decision to try to halt the sale.

Northwest Notes: Edwards, Caruso, Timberwolves, Cancar

January 13th, 2025 at 8:35pm CST by Dana Gauruder

Timberwolves star Anthony Edwards was fined again by the league, this time for making obscene gestures toward an official. It’s the fifth time Edwards has been docked by the league this season. He’s also tied for the league lead with nine technicals. Head coach Chris Finch says he has spoken with Edwards about both issues.

“It’s been addressed for sure,” said Finch, per Chris Hine of the Minneapolis Star Tribune (Twitter link). “It’s been addressed organizationally, individually. I think he’s aware. We’re all aware.”

Finch believes Edwards will do a better job of controlling his emotions, Hine adds in another tweet.

“He’s extremely self-aware. I think he has emotional control for sure,” Finch said. “I think he’s frustrated on many levels. I think some of that frustration is certainly in & around the whistle no doubt, but he’s just got to figure it out, play through it and he’ll be fine.”

We have more from the Northwest Division:

Alex Caruso is no longer listed on the Thunder injury report, signaling that he’ll suit up for Tuesday’s game against Philadelphia, Joel Lorenzi of The Oklahoman tweets. Caruso, who signed a four-year extension last month, has missed the past 10 games with a left hip strain.
The parties involved in the Timberwolves’ ownership battle met for a final time on Jan. 10, Jon Krawczynski of The Athletic tweets. Arbitration hearings were held in early November and it was expected to take a few months for a ruling. The decision will likely be handed down within the next 30 days. The dispute over control of the franchise between minority owners Marc Lore and Alex Rodriguez and principal owner Glen Taylor moved to arbitration in July.
Vlatko Cancar traveled with the Nuggets to Dallas over the weekend and went through a full pregame workout, Grant Afseth of the Dallas Sports Journal tweets. Cancar underwent arthroscopic surgery on his left knee on Dec. 4. At that time, the team indicated that Cancar would be reexamined in eight weeks. The forward/center is currently inked to a one-year, $2.1MM veteran’s minimum deal.

Northwest Notes: Timberwolves, Gordon, George, Jazz

December 3rd, 2024 at 9:25am CST by Luke Adams

The legal battle that will determine who controls the Timberwolves won’t be resolved until January at the earliest, sources tell Eben Novy-Williams and Michael McCann of Sportico.

As Sportico’s duo explains, the legal representatives for current team owner Glen Taylor and prospective owners Marc Lore and Alex Rodriguez will answer “final questions of clarification” from the three-person arbitration panel handling the case in early January. The panel isn’t expected to make its final ruling on the matter until sometime after those questions are answered.

Even when the arbitration process concludes, it likely won’t fully close the books on the Timberwolves’ ownership fight. Novy-Williams and McCann point out that the losing side could petition a federal judge to vacate the arbitration award. Additionally, if the arbitrators rule in favor of Lore and Rodriguez, the new ownership group would still need to be approved by the NBA’s Board of Governors.

Here’s more from around the Northwest:

It has been a challenging start to the season for the Timberwolves, but there was no bad body language and there were no concerning post-game quotes after a blowout victory over the Lakers on Monday night. Chris Hine of The Star Tribune has the story on the encouraging win and the good vibes it created.
In his first game back after missing 10 games due to a calf strain, Nuggets forward Aaron Gordon came off the bench on a minutes limit on Sunday and served as Nikola Jokic‘s backup, writes Bennett Durando of The Denver Post. While Gordon has been far more effective as the second-string center than Dario Saric, Zeke Nnaji, or DeAndre Jordan have – Denver was +3 with Jokic off the court vs. the Clippers – he’s the least sustainable option to continue as the backup five over a full 82-game season, given his typical role alongside Jokic, Durando notes.
Outside of his subpar shooting percentages (.375 FG%, .336 3PT%), turnovers and defense have also been issues for Keyonte George, according to Andy Larsen of The Salt Lake Tribune, who suggests that the second-year Jazz guard hasn’t inspired confidence as a ball-handling point guard and doesn’t shoot well enough to be a full-time shooting guard. George is still just 21 years old and works hard, Larsen writes, but will have to make significant strides to become the player the Jazz hoped they were getting when he was drafted in 2023.
Jazz head coach Will Hardy conceded he made a mistake in calling a timeout on Sunday before Collin Sexton had a chance to attempt what would’ve been a go-ahead basket in the final seconds of Utah’s game vs. the Lakers (Twitter video link). After the game, Sexton said he understood why Hardy made the decision he did and didn’t blame him at all. As Tony Jones of The Athletic writes, while the one-point loss was a tough pill to swallow, the mature way the moment was handled showed there’s trust between the head coach and his players, an important sign in a challenging rebuilding year.

Western Notes: Lively, Timberwolves’ Ownership Dispute, Williamson, Finch

November 11th, 2024 at 8:28pm CST by Dana Gauruder

Mavericks second-year big man Dereck Lively could return to action on Tuesday, Tim MacMahon of ESPN tweets. Lively had missed last four games due to sprained right shoulder. He told MacMahon he had a “good practice” on Monday in San Francisco and hopes to play against the Warriors.

“Just got to see how I feel when I wake up, but it’s been steady progress and I’m feeling good,” said Lively, who is listed as questionable to play.

We have more from the Western Conference:

The three-person arbitration panel is deliberating after last week’s hearings regarding the Timberwolves’ ownership dispute, Jon Krawczynski of The Athletic tweets. Krawczynski hears that it could take a few months before a ruling is handed down. A group led by Alex Rodriguez and Marc Lore is trying to gain majority ownership while current owner Glen Taylor is seeking to retain control.
The Timberwolves are off to a ho-hum 6-4 start and head coach Chris Finch is starting to second-guess some of his moves, Krawczynski writes. In a one-point loss to Miami, Finch pulled Nickeil Alexander-Walker for Mike Conley with his team up by three points. Conley missed all three of his shots after returning to the game and also had a turnover. “I probably should’ve stuck with Nickeil,” Finch admitted after the game. “He was playing really well.”
Zion Williamson felt discomfort in his left hamstring on Thursday, the day before the Pelicans faced the Magic, Christian Clark of the New Orleans Times Picayune reports. “We kind of pulled him out of practice,” head coach Willie Green said. “Sat him the next game. He got a scan. We found out the severity of what his injury was.” Williamson was diagnosed on Saturday with a left hamstring strain that will sideline him indefinitely.

Arbitration Hearing To Decide Timberwolves’ Ownership Dispute Begins

November 4th, 2024 at 6:38pm CST by Dana Gauruder

The arbitration hearing to decide the Timberwolves’ ownership dispute began on Monday and is expected to last most of the week. The decision by the three-person arbitration panel is expected to be announced next month, according to ESPN’s Brian Windhorst.

The dispute between minority owners Marc Lore and Alex Rodriguez and principal owner Glen Taylor moved to arbitration in July. A one-day mediation in the spring failed to make any progress, Windhorst writes.

The dispute has been ongoing since the tail end of last season. Taylor nixed the previous tiered payment agreement with Lore and Rodriguez, citing a breach of contract and a failure to meet a payment deadline. Lore and Rodriguez disputed that characterization, stating that they had the funds necessary to become majority owners but were awaiting NBA approval and should have been entitled to an extension.

The third payment in dispute would increase Lore and Rodriguez’ share from 36% to about 80% and the purchase agreement stipulates that they could buy out Taylor’s remaining 20% stake anytime before March 2025.

Windhorst and The Athletic’s Jon Krawczynski provided more details of the process:

If the arbitration panel rules in Taylor’s favor, the process essentially ends. Lore and Rodriguez could remain as limited partners or try to sell their shares. Taylor would have to approve the sale of their shares, according to Krawczynski. However, if Lore and Rodriguez get a favorable ruling. Taylor would be contractually compelled to sell them the controlling share for the previously agreed upon $1.5 billion valuation. The franchise’s value is substantially higher now, which is a major factor in Taylor’s decision to try to halt the sale. Lore and Rodriguez would still need 23 of 30 votes from the league’s owners to finalize the acquisition, since all team percentage transfers are subject to a vote, Windhorst notes.
Those transfer rules could present a sticky situation, due to Taylor’s long-standing relationships with the other owners and commissioner Adam Silver. There have been plenty of back-scene developments due to that possibility, according to Windhorst. Lore and Rodriguez have worked to meet with owners and the league office in recent months to demonstrate their position and attempt to shore up support in the event of a vote. It’s likely that Silver and BOG chairman Larry Tanenbaum will try to build a consensus in lieu of an owners’ vote.
Lore and Rodriguez have been firming up their finances by recruiting billionaires Michael Bloomberg, the former mayor of New York, and Eric Schmidt, the former CEO of Google, as well as private equity firm Dyal Homecourt Partners. They have amassed $950MM in an escrow account for not just the 40% needed to take majority control, but enough to give them 100% ownership of the team.
The team is facing a luxury tax bill of $100MM and total operating losses of more than $150MM this season, according to Krawczynski. That’s one reason why the Timberwolves moved Karl-Anthony Towns in a blockbuster trade with the Knicks.
Team president Tim Connelly could have opted out of his contract this year but agreed to defer the opt-out until the 2025 offseason. If he doesn’t like the direction the way things are going, he could choose to opt out this time around, regardless of who’s running the franchise at that time.