Glen Taylor Rumors | Hoops Rumors

Latest On Potential Timberwolves Sale

March 5th, 2021 at 8:52am CST by Luke Adams

Longtime NBA star Kevin Garnett expressed interest last summer in bidding on his former team, the Timberwolves, as part of a prospective ownership group, but Garnett said in an Instagram story on Thursday that he’s no longer in the running to buy the franchise.

“Sooo just got the news that this process in trying to acquire the TWOLVES IS OVER for me n my group,” Garnett wrote, adding that he plans to “focus on other places” such as Seattle and Las Vegas. “Thx Glen for being yourself n what I kno you to be!!!”

Garnett’s comments – including renewed criticism of current Wolves owner Glen Taylor, with whom KG has feuded in the past – suggested that perhaps the franchise is paring down its list of potential suitors and informed Garnett’s group that it’s no longer a candidate.

However, Taylor told Jon Krawczynski of The Athletic and other reporters that neither he nor his representatives received any offer from Garnett and that he wasn’t sure what prompted KG’s public announcement.

“Kevin never contacted me at all saying that he was interested,” Taylor said. “Nor was his name listed on any of the buying groups that asked for financial information to review.”

According to Krawczysnki, Taylor was always open to considering a bid from Garnett or a group representing the Hall-of-Famer, but there was some skepticism about KG’s ability to put together the money necessary to make a competitive offer — Forbes’ latest franchise valuations projected the Wolves’ worth to be $1.4 billion.

Taylor said that he has received inquiries from at least 10 groups or families, per Krawczynski and Darren Wolfson of 5 Eyewitness News (Twitter link). The Wolves’ owner also informed Chris Hine of The Star Tribune that he spoke to four former NBA players who expressed interest in the team and asked if they were affiliated with Garnett — they all said no.

“If he would’ve called or had been a person who wanted some help, I would’ve tried to help him like anybody else,” Taylor said of Garnett.

Taylor told Wolfson that some of the interested parties are completing their due diligence, suggesting the sale process could gain momentum soon. However, Krawczynski believes “the betting money” is on Taylor retaining control of the franchise for the foreseeable future, since the ongoing effects of the coronavirus pandemic, the Wolves’ on-court struggles, and Taylor’s insistence that the club remain in Minnesota are all factors working against a bidding war.

“The process has taken longer than anticipated just because we’re not sure when we’re going to have attendance at the games,” Taylor said, per Hine. “And so that’s a hard thing to kind of figure in there, the value or lack of value. Probably the only thing that’s holding it up. I still have interest.”

Multiple reports in the last seven months have indicated that former Grizzlies minority owner Daniel Straus has gotten furthest down the road in negotiations with Taylor. Those talks seem to have hit a standstill though, and aren’t going anywhere at the moment, sources tell Krawczynski.

Timberwolves Notes: Towns, Saunders, Russell, Vanterpool

February 22nd, 2021 at 10:00am CST by Arthur Hill

Amid the turmoil of a mid-season coaching change, the Timberwolves got some good news Sunday night as star center Karl-Anthony Towns indicated he foresees a long future with the organization, writes Chris Hine of The Star Tribune. Towns was asked about his intentions following a loss to the Knicks that dropped Minnesota’s record to a league-worst 7-24.

“If you want to build a legacy we got to win,” Towns said. “And I want to build my legacy here so I want to win with the Wolves, and I’m going to do everything I possibly can to keep step-by-step, brick-by-brick, building something and a culture here that’s going to stand here for a long time.”

Towns, 25, still has three more years on the extension he signed in 2018, paying him $31.65MM, $33.83MM and $36MM through the 2023/24 season. He could opt to demand a trade, as other stars have done in losing situations, but Sunday’s comments should offer some hope to the Wolves that he’s committed to turning things around in Minnesota.

There’s more on the Timberwolves:

Ryan Saunders knew for weeks that his job was in jeopardy, according to Jon Krawczynski of The Athletic. Players had been openly speculating about a coaching change, and the only question was whether management would keep him in place through the end of the season. Owner Glen Taylor had resisted the move because Towns was out of the lineup so much this season due to injuries and a battle with COVID-19. However, Minnesota was just 1-7 since Towns returned February 10, which was enough for Taylor to endorse firing Saunders.
Obvious tension built up between guard D’Angelo Russell and Saunders as losses mounted, Krawczynski adds in the same story. A long-time friend of Towns, Russell was brought in at last year’s trade deadline to provide a second star for the team to build around. However, because of injuries and the hiatus, Saunders only got to coach Towns and Russell together in five games.
Several NBA players questioned why Timberwolves associate head coach David Vanterpool wasn’t chosen to replace Saunders, with the loudest support for the former Trail Blazers assistant coming from Portland stars Damian Lillard and CJ McCollum, notes Jamie Hudson of NBC Sports. “How the hell do you not hire David Vanterpool,” Lillard tweeted, “and he’s right there on the bench… and has been in front office SUCCESSFULLY and on the front of a bench of a winning team SUCCESSFULLY (7 years) … and also has played a major role in the development of a dominant backcourt smdh!” According to Krawczynski, there has been speculation throughout the league that Chris Finch has been on top of president of basketball operations Gersson Rosas‘ wish list since he joined the Wolves two years ago, and Rosas was willing to endure criticism over not considering a minority candidate such as Vanterpool.

Wolves Owner Says Ryan Saunders’ Job Is Safe

January 23rd, 2021 at 7:04pm CST by Arthur Hill

The Timberwolves aren’t considering a coaching change despite a frustrating start to the season, team owner Glen Taylor tells Charley Walters of The St. Paul Pioneer Press.

Minnesota is last in the Western Conference with a 3-11 record, second only to the Pistons for the worst mark in the league. However, Taylor doesn’t want to assess head coach Ryan Saunders‘ performance until the team has more time with Karl-Anthony Towns, who has missed 10 games because of a wrist injury and COVID-19. The Wolves are 1-9 without Towns.

“I haven’t even talked to (president of basketball operations Gersson Rosas) about that — he hasn’t brought it up,” Taylor said of a possible coaching change, “but you’re asking me, and it’s probably hard to tell a guy that you aren’t doing the job when your best guy isn’t playing.”

Taylor admits being disappointed with the way his team has played so far. Minnesota was expecting to be more competitive with Towns and D’Angelo Russell leading the franchise. The addition of top draft pick Anthony Edwards and an offseason deal for Ricky Rubio sparked hopes that the Wolves might be able to contend for at least a play-in spot.

“The team hasn’t done as well as I think anybody anticipated,” Taylor said. “We lost some games we thought we could win. Probably a couple of the young guys are doing better than we anticipated, and that’s good. But overall, you’ve got to win. Karl being out really hurts, because we just have no flow going yet.”

Taylor also commented on the lack of movement on a potential sale of the Wolves and the Lynx of the WNBA. He is reportedly seeking $1.5 billion for both teams.

“I haven’t found anything that for sure says I should move ahead,” Taylor said. “… The other question: Is now a good time to sell when you don’t have fans? And it’s not a good time.”

Latest On Potential Sale Of Timberwolves

January 5th, 2021 at 9:45am CST by Luke Adams

It has been nearly six months since reports surfaced indicating that Timberwolves owner Glen Taylor was exploring a sale of the franchise. However, firm offers for the team have been “tepid,” sources tell Brian Windhorst of ESPN (Insider link).

In August, a report from The Athletic suggested that former Grizzlies minority owner Daniel Straus was closing in on a deal to buy the Timberwolves. According to Windhorst, Taylor and Straus got as far as a term sheet and continue to talk, but have been unable to finalize an agreement. Sources tell ESPN that Straus modified his offer once it became clear that fans wouldn’t fill arenas during the 2020/21 season.

Straus is still the favorite to become the team’s new owner, but Taylor’s history of exploring a sale and then pulling the team off the market creates some uncertainty, writes Windhorst. It also sounds as if valuations of the Wolves (which are in the $1.3-1.5 billion range, including debt, per ESPN) are lower than Taylor had hoped.

“I think Glen was hoping team values were still going up,” another team owner told ESPN. “I think we’re finding out they may not be right now.”

As we’ve noted in previous stories about a possible sale of the Wolves, Taylor’s insistence that the team remain in Minnesota is expected to put a ceiling on both the number of bidders and the sale price, since many potential suitors would be interested in relocating the club. Taylor has flatly rebuffed inquiries from those looking to relocate the Wolves, reports Windhorst.

A report last July indicated there were some preliminary discussions with the Wilf family – the owners of the NFL’s Minnesota Vikings – but that they didn’t advance, which Windhorst confirms. Former Timberwolves star Kevin Garnett was also said to have interest in putting together a group to make a bid, but there has been no traction on that front either, per Windhorst.

While Straus reportedly remains a viable buyer for the Wolves, there doesn’t seem to be a clear Plan B if those talks stall. Taylor acknowledged in a recent interview that there’s a very real possibility he could still control the franchise a year from now.

Wolves Notes: RHJ, Taylor, Vanterpool, Russell, Towns

December 24th, 2020 at 11:05am CST by Luke Adams

Speaking to Darren Wolfson of SKOR North, Timberwolves owner Glen Taylor praised Rondae Hollis-Jefferson‘s performance during training camp and the preseason, explaining that the team’s decision to release him was an “insurance policy” for roster flexibility.

“If we’d (retained Hollis-Jefferson), then we’d have the roster. We wouldn’t have any room for any movement at all,” Taylor said. “And I just think that you want to go into this year leaving a little bit of flexibility to see if you get some injuries or something like that, that you can bring in somebody to fill it.”

While Taylor’s point is a fair one, it’s worth noting that Hollis-Jefferson had a non-guaranteed contract, as do Jaylen Nowell and Naz Reid, who remain on the roster. So even if the Timberwolves had carried a full 15-man roster into the regular season, they would’ve had some flexibility to make changes if necessary prior to February’s league-wide salary guarantee deadline.

Here’s more on the Wolves:

Although Taylor has done his due diligence on a potential sale of the franchise, he suggested in his conversation with Wolfson that no agreement is close and acknowledged that he could still own the club a year from now. “There’s probably a good possibility that could happen,” Taylor said.
Within his discussion with Wolfson, Taylor also said he expects Timberwolves assistant coach David Vanterpool to eventually become an NBA head coach and said that president of basketball operations Gersson Rosas remains on the lookout for trades that could upgrade Minnesota’s roster.
Ricky Rubio started in place of D’Angelo Russell in the Wolves’ opener because Russell was late for his coronavirus test on Wednesday, writes Patrick Reusse of The Star Tribune. As Reusse notes, Russell tested negative and ended up playing 33 minutes, but the Wolves’ decision not to start him sent a message that they expect their players to strictly follow COVID-19 protocols.
Following the death of his mother and several other loved ones this year, Karl-Anthony Towns is playing with a heavy heart and is no longer the “happy-go-lucky” player he was during his first five seasons in the NBA, Jon Krawzyncski writes for The Athletic. “You may see me smiling and stuff, but that Karl died on April 13,” an emotional Towns said following the Wolves’ win on Wednesday. “He’s never coming back. I don’t remember that man. I don’t know that man. You’re talking to the physical me, but my soul has been killed off a long time ago.”

Northwest Notes: Wolves, Campazzo, Thunder, Hollis-Jefferson

December 20th, 2020 at 7:58pm CST by JD Shaw

Timberwolves owner Glen Taylor cautiously expects his team to reach the playoffs this season, as relayed by Chris Hine of The Minneapolis Star Tribune.

Minnesota sports a young core of Karl-Anthony Towns, D’Angelo Russell, Anthony Edwards, Malik Beasley and others, and enters the season with higher expectations than it had last year.

“I think I expect playoffs,” Taylor said. “We’re in a really tough division, but I think we really have a good team. By that I mean, what we have done is we aren’t relying on four or five players. I just think the way that we have put this team together that the first unit or second unit should go in and be very competitive with the groups that they need to compete against.”

Taylor understands how difficult it will be to achieve that goal, especially in the Western Conference, but he hopes the acquisitions of point guard Ricky Rubio and No. 1 draft pick Edwards help propel the team to success this season.

There’s more from the Northwest Division tonight:

Mike Singer of the Denver Post examines why Facundo Campazzo decided to leave Spain for the NBA, signing a deal to join the Nuggets in free agency last month. “Truth be told, Facu was not really a hidden gem,” said Rafal Juc, the team’s international scout. “He was arguably a top-five European player for half a decade or so. So basically, he’s been on our radar for a while.” Campazzo, an entertaining 5’11” guard, is known for giving maximum effort on both ends of the floor. He’s expected to provide depth off the bench for a team focused on making a deep playoff run this season.
The Thunder‘s 2020/21 starting lineup remains fluid right now, coach Mark Daigneault said, as relayed by Joe Mussatto of The Oklahoman (Twitter link). Oklahoma City has a revamped roster this season, with players such as Chris Paul, Danilo Gallinari, Steven Adams and Dennis Schroder no longer with the franchise. Daigneault is also in his first season and is the second-youngest head coach in the league. He said the team’s starting group would likely include George Hill, Shai Gilgeous-Alexander, Luguentz Dort, Darius Bazley and Al Horford, but that nothing was set in stone.
By waiving Rondae Hollis-Jefferson on Saturday, the Timberwolves lost a much-needed defensive spark from their rotation, Jon Krawczynski of The Athletic writes. Hollis-Jefferson is known for being a versatile defender, though he’s limited offensively. As Krawczynski notes, Minnesota will enter the season with 14 players on standard contracts, leaving roster flexibility to aid in any potential trade. The team could upgrade its power forward position and acquire a proven veteran alongside Karl-Anthony Towns if it chooses, with P.J. Tucker among the targets to watch if he and the Rockets don’t agree to a contract extension.

Northwest Notes: Jazz, Timberwolves, Nuggets

November 3rd, 2020 at 3:00pm CST by Luke Adams

The sale agreement that will transfer controlling interest of the Jazz from the Miller family to Ryan Smith is a “seismic change” for the franchise, writes Tony Jones of The Athletic. However, it remains to be seen whether the average fan will notice the impact of the change in team ownership.

As Jones points out, the coming offseason will be a good early test to see how Smith intends to run the team. Donovan Mitchell and Rudy Gobert are both eligible for extensions, while Jordan Clarkson is a free agent and the Jazz would also like to fortify their roster with another solid rotation player, if possible.

Re-signing Clarkson and using the mid-level exception on an outside free agent may put Utah into tax territory, which is something the Miller family generally avoided — but if the Jazz are willing to go into the tax in Smith’s first year at the helm, it would bode well for his willingness to spend going forward.

Here’s more from around the Northwest:

The sale price for the Jazz ($1.66 billion) should be encouraging to Timberwolves owner Glen Taylor, who is exploring the sale of his own franchise. However, as ESPN’s Brian Windhorst observes in an appearance on Darren Wolfson The Scoop podcast (audio clip), Taylor hasn’t wavered from his stance that any buyer must keep the team in Minnesota, which will limit his ability to maximize the value of the team in any sale.
The Timberwolves finished the 2019/20 season just slightly over the tax line as a result of their deadline trade, a source confirms to Dane Moore of News Talk 830 WCCO (Twitter link). However, as Jon Krawczynski of The Athletic tweets, president of basketball operations Gersson Rosas is confident the team will stay out of the tax in 2020/21, reducing the likelihood of repeater penalties down the road.
The Nuggets are fairly set at point guard with Jamal Murray and Monte Morris under contract, but they shouldn’t rule out the possibility of drafting another one at No. 22 if certain prospect – such as Cole Anthony – are still on the board, writes Mike Singer of The Denver Post.

Browns Owner Jimmy Haslam Exploring Bid For Timberwolves

September 3rd, 2020 at 11:29am CST by Luke Adams

Jimmy Haslam, the owner of the NFL’s Cleveland Browns, is the latest potential buyer to explore a bid for the Timberwolves, according to Scott Soshnick of Sportico.

When we last checked in on the possibility of a Timberwolves sale, former Grizzlies minority shareholder Daniel Straus was said to be in advanced discussions about a potential purchase. However, while The Straus Group did enter into exclusive talks to buy the Wolves, no agreement was reached by the time that window expired, according to Soshnick.

That doesn’t mean that Straus is out of the mix as a potential buyer — Soshnick hears that he remains in talks to potentially purchase the franchise. However, it does open the door for other bidders, such as Haslam, to enter the picture.

Haslam is the CEO of truck stop company Pilot Flying J. Multiple top executives of the company committed multi-million dollar fraud and were sentenced to jail time, but Haslam wasn’t charged as a result of that investigation and has denied any wrongdoing, Soshnick notes. Forbes estimates that the Browns owner is worth about $2.9 billion.

Haslam’s résumé as an NFL team owner likely won’t inspire much enthusiasm among Timberwolves fans — in seven full seasons since he assumed control of the Browns, the team has an overall record of 28-83-1, with no winning seasons and an 0-16 campaign (in 2017).

At least one previous report has indicated that current Timberwolves owner Glen Taylor is seeking an amount in the $1.2 billion range for the franchise. His WNBA club, the Minnesota Lynx, is expected to be part of any sale as well.

Straus Closing In On Purchase Of Timberwolves

August 24th, 2020 at 8:04pm CST by Dana Gauruder

An investment group headed by former Grizzlies minority owner Daniel Straus is in advanced talks to buy the Timberwolves, The Athletic’s Jon Krawczynski and Shams Charania report.

The WNBA’s Minnesota Lynx would also be part of the deal. However, there are still a number of issues to be resolved before the sides reach an agreement.

The initial report about Timberwolves owner Glen Taylor mulling the sale of the team surfaced on July 21.

While a group that included former Wolves superstar Kevin Garnett was reportedly interested, the Straus Group has shown serious interest from the start. Its representatives visited the Twin Cities two weeks ago for official meetings, toured the team facilities and reviewed financial documents, according to The Athletic duo.

It entered an exclusivity agreement that expired last week. That didn’t slow the talks, though a handful of other groups were also initially interested in purchasing the team.

Garnett has not had formal discussions with Taylor during the process. Their relationship deteriorated over the years. Garnett referred to Taylor as a “snake” as recently as this spring.

Taylor reportedly wanted assurances that the franchise will remain in Minneapolis and Straus has made that pledge, The Athletic duo adds.

Northwest Notes: Carmelo, MPJ, SGA, Wolves

August 6th, 2020 at 10:50am CST by Luke Adams

Carmelo Anthony‘s NBA career appeared to be on life support after aborted stints in Oklahoma City and Houston in recent years. However, Anthony and the Trail Blazers have brought out the best in one another, Mark Medina of USA Today argues in the wake of Portland’s impressive win over Houston on Tuesday.

“He’s all about the team. He understands what we need from him in certain situations,” Trail Blazers star Damian Lillard said of Anthony. “He knows how the game is going. He knows how to put himself in place to help the team. It’s obvious for somebody like me that pays attention to everything. I find it real funny and disrespectful how people speak on him. He’s a Hall-of-Famer.”

Anthony’s NBA future was in jeopardy following his release from the Rockets due in large part to questions about his defense. Although he hasn’t exactly become a defensive stopper since joining the Trail Blazers, Carmelo hasn’t been a major liability either — the team has an identical defensive rating when he plays and when he sits. As Medina notes, the veteran forward had a key blocked shot on P.J. Tucker late in Tuesday’s game.

“I say everybody who was talking, or said something negative about him, they need to apologize, you know?” Blazers wing Gary Trent Jr. said, per Jason Quick of The Athletic. “It’s Carmelo Anthony. He went through tough times. He battled, stayed resilient and for him to come back and bounce back like it’s nothing? That’s why he’s Carmelo Anthony and why he does what he does.”

Here’s more from around the Northwest:

Nuggets forward Michael Porter Jr. followed up a 37-point, 12-rebound performance on Monday with a 30-point, 15-rebound showing on Wednesday, prompting rave reviews from his coach and teammates. As Mike Singer of The Denver Post writes, Michael Malone referred to Porter as a “cornerstone” of the franchise. Meanwhile, injured swingman Will Barton – whom Porter is replacing in the staring lineup – tweeted that the second-year forward is “special,” adding that he “can’t be on a leash with that type (of) ability.”
Thunder guard Shai Gilgeous-Alexander is getting more of a chance to run the offense during Dennis Schröder‘s absence from the team, as Joe Mussatto of The Oklahoman observes. While Schröder and Chris Paul have spent most of the time handling the point this season, Gilgeous-Alexander projects to be the team’s long-term point guard.
With Timberwolves owner Glen Taylor mulling a sale of the franchise, Jon Krawczynski of The Athletic takes a fascinating, in-depth look at Taylor’s original purchase of the team in 1994, exploring how he helped keep the Wolves in Minnesota.