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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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Vince Carter, Chauncey Billups Among Hall Of Fame Finalists

February 16th, 2024 at 10:02pm CST by Rory Maher

The Naismith Basketball Hall of Fame announced its 14 finalists for 2024 on Friday evening (via Twitter), with former NBA stars Vince Carter and Chauncey Billups among the nominees. Billups is currently head coach of the Trail Blazers.

Here’s the full list of finalists:

  • Chauncey Billups — Five-time All-Star, three-time All-NBA, two-time All-Defense, one-time champion, 2003/04 Finals MVP (Pistons)
  • Vince Carter — NBA-record 22 seasons, 25,728 career points (23rd in NBA/ABA history), eight-time All-Star, two-time All-NBA, 1998/99 Rookie of the Year
  • Michael Cooper — Five-time NBA champion, eight-time All-Defense, 1986/87 Defensive Player of the Year (all with the Lakers)
  • Walter Davis — Six-time All-Star, two-time All-NBA, 1977/78 Rookie of the Year, Suns‘ all-time leading scorer
  • Bo Ryan — Former head coach of Wisconsin, four-time Big Ten Coach of the Year
  • Charles Smith — Winningest high school head coach in Louisiana history
  • Seimone Augustus — Four-time WNBA champion, eight-time All-Star, 2006 Rookie of the Year
  • Marian Washington — Longtime former head coach of Kansas (women’s)
  • Dick Barnett — Two-time NBA champion, one-time All-Star, three-time NAIA champion at Tennessee A&I
  • Harley Redin — Former men’s and women’s coach of Wayland Baptist University (Texas)
  • Michele Timms — One-time WNBA All-Star, Olympic bronze and silver medals with Australian national team
  • Doug Collins — Former NBA player, coach and broadcaster *
  • Herb Simon — Pacers owner *
  • Jerry West — Four NBA championships as an executive with the Lakers (he’s already in the Hall of Fame as a player) *

* Nominated as contributors

The Class of 2024 will be unveiled on Saturday, April 6 during the NCAA’s Final Four. The enshrinement ceremony for 2024’s Hall of Fame inductees will take place on Saturday, August 17.

“Unbelievable,” Carter said of being a finalist, per Tim Reynolds of The Associated Press. “You look in the crowd, you see Hall of Famers, and the opportunity … I mean, you can’t beat that. You can’t beat that. It’s a proud moment.”

“Everybody that enters the NBA … it’s their dream. It’s basically basketball heaven to be in the Hall of Fame,” Billups told ESPN’s Dave McMenamin (Twitter links). “That was never my goal when I was playing. I just wanted to try to win and be the best teammate I could be. … I’m just humbled by today. Just being close to it is an honor. I know I’m not there, but I’m closer. It’s a straight honor.”

According to Reynolds, four others were honored by the Hall of Fame as well. JoAn Scott, the NCAA’s vice president of men’s basketball, received the John Bunn Lifetime Achievement Award. J.A. Adande and Debbie Antonelli received the Curt Gowdy Awards for print and electronic journalism, respectively, while Slam Magazine and the television show “NBA Inside Stuff” received the award for transformative media.

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NBA Announces Player Pool For 2024 Rising Stars Event

January 30th, 2024 at 3:27pm CST by Luke Adams

The NBA has officially revealed the 11 rookies, 10 sophomores, and seven G League players who will take part in the Rising Stars event at All-Star weekend in Indianapolis next month.

The following players, as voted on by NBA coaching staffs, made the cut:

Rookies

Sophomores

G League Players

As was the case last season, the Rising Stars event will consist of four teams and three games. The seven G League players will comprise one team, coached by former NBA forward Detlef Schrempf. The other 21 players will be drafted to three squads coached by former NBA and WNBA stars Pau Gasol, Jalen Rose, and Tamika Catchings.

The four teams will be split into two first-round matchups and the winners of those two games will face one another for the Rising Stars championship. The two semifinals will be played to a target score of 40 points, while the final will be played to a target score of 25 points.

All three contests will take place on Friday, February 16 as part of All-Star weekend’s opening night.

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And-Ones: Cauley-Stein, Rondo, Curry/Ionescu, Silver, Morant

January 30th, 2024 at 1:56pm CST by Luke Adams

Longtime NBA big man Willie Cauley-Stein, whose last brief stint in the league came with the Rockets at the end of the 2022/23 season, has signed with Indios de Mayaguez, the Puerto Rican team announced (Facebook link).

The sixth overall pick in 2015, Cauley-Stein signed with Italian club Pallacanestro Varese last summer, but the two sides parted ways in December, freeing up the veteran center to join a new team.

Here are a few more odds and ends from around the basketball world:

  • Four-time NBA All-Star Rajon Rondo was arrested on Sunday in Indiana for unlawful possession of a firearm, drug paraphernalia, and marijuana, reports Jason Riley of WDRB.com. An initial court hearing has been scheduled for February 27. Rondo appeared in nearly 1,100 total regular season and playoff games from 2006-22 but hasn’t been in the NBA since finishing the 2021/22 season with Cleveland.
  • The NBA confirmed on Tuesday in a press release that Warriors star Stephen Curry and WNBA sharpshooter Sabrina Ionescu will compete in a one-on-one three-point contest for charity on All-Star Saturday next month. Ionescu, who racked up 37 of 40 possible points in the final round of last season’s WNBA three-point contest, will shoot from the WNBA three-point line using WNBA balls, while Curry shoots from the NBA three-point line using NBA balls.
  • Tim Reynolds of The Associated Press lays out why Adam Silver‘s contract extension as NBA commissioner was seemingly a “no-brainer,” noting that that seems to be the consensus among players around the league as well. “Our league, from the time that I came in until now, it’s 10 times better,” Bucks star Giannis Antetokounmpo said. “Everything’s more organized. … I think he’s done a tremendous job. He’s definitely a max player.”
  • Grizzlies star Ja Morant is launching an AAU basketball program called “Twelve Time” that will be based in South Carolina and Georgia. Damichael Cole of The Memphis Commercial Appeal has the story.
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And-Ones: Hall Of Fame, Carter, 2025 AmeriCup, McLemore

December 22nd, 2023 at 1:32pm CST by Luke Adams

The Naismith Basketball Hall of Fame has officially revealed its list of eligible candidates for the Class of 2024, announcing in a press release that this year’s group of first-time nominees includes longtime NBA star Vince Carter, who made eight All-Star teams and appeared in 1,541 regular season games across 22 seasons in the league.

Former Pistons big man Bill Laimbeer, four-time WNBA champion Seimone Augustus, and longtime NCAA head coach Rick Barnes are among the other nominees who are eligible for the first time in 2024.

Finalists will be announced during the NBA’s All-Star weekend on Friday, February 16, while the Class of 2024 will be unveiled on Saturday, April 6 during the NCAA’s Final Four. The enshrinement ceremony for 2024’s Hall of Fame inductees will take place on Saturday, August 17.

Here are a few more odds and ends from around the basketball world:

  • The 2025 FIBA AmeriCup will be played in Managua, Nicaragua from August 23-31, 2025, FIBA announced today in a press release. The qualifiers for the event will take place across three windows in February 2024, November 2024, and February 2025. Brazil hosted the last AmeriCup in 2022, losing to Argentina in the final. The U.S. team – which featured former NBAers like Norris Cole, Gary Clark, Jodie Meeks, and Patrick McCaw – placed third in ’22.
  • In honor of the holidays, John Hollinger of The Athletic shares his “All-Stocking Stuffer Team,” which is made up of overlooked players who have emerged as unexpected contributors over the course of this season. Magic center Goga Bitadze, Kings guard Keon Ellis, Jazz forward Simone Fontecchio, and Nets center Day’Ron Sharpe are a few of the players singled out by Hollinger.
  • Veteran guard Ben McLemore, who signed with AEK Athens in August, has officially left the Greek team and is joining CB Breogan in Spain, writes Aris Barkas of Eurohoops. McLemore parted ways with AEK B.C. earlier in the month and was said to be in advanced talks with a Turkish club before lining up a deal with CB Breogan instead.
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Wizards Announce Plan To Move From D.C. To Virginia

December 13th, 2023 at 8:16am CST by Luke Adams

Monumental Sports, the Ted Leonsis-led company that owns the Wizards, has formally announced a plan to move the team from D.C. to Alexandria, Virginia. The NHL’s Washington Capitals, which are also controlled by Monumental Sports, would be part of the move too.

Virginia state lawmakers voted on Monday to move forward with a proposal to build a new arena and “entertainment district” in Alexandria’s Potomac Yard neighborhood, according to a report from The Washington Post. The plan still requires approval from the full General Assembly and local officials.

According to today’s announcement, the goal is to have the arena completed and the Wizards and Capitals moved in for 2028.

“We are committed to providing world-class fan experiences while continuously evolving our teams, deepening community ties, and solidifying our role as leaders at the forefront of sports and technology,” Leonsis said in a statement. “The opportunity to expand to this 70-acre site in Virginia, neighboring industry-leading innovators, and a great academic partner, would enable us to further our creativity and achieve next-generation, leading work – all while keeping our fans and the community at the forefront of everything we do.”

Monumental Sports’ announcement and the Washington Post’s reporting indicates that the Virginia plan will be a public-private partnership, with money coming from both Leonsis and local taxpayers.

As Adrian Wojnarowski of ESPN notes, Washington, D.C. city officials have been making an effort to keep the Wizards in the downtown Capital One Arena, where the Wizards and Capitals have played since 1997. Leonsis has been seeking $600MM in public funds to renovate the arena; on Monday, mayor Muriel Bowser announced a new bill offering Monumental Sports $500MM in financing for that project.

“This proposal represents our best and final offer and is the next step in partnering with Monumental Sports to breathe new life and vibrancy into the neighborhood and to keep the Washington Wizards and the Washington Capitals where they belong — in Washington, DC,” Bowser said, per Wojnarowski.

However, it sounds like that bill may be in vain, as Leonsis’ priority now is to move forward with the new entertainment district in Alexandria. The proposed complex would feature a new arena, a practice facility for the Wizards, Monumental Sports & Entertainment’s corporate headquarters, a media studio for Monumental Sports Network, a performing arts venue, and an expanded esports facility.

Assuming the Virginia plan proceeds without any snags, Leonsis’ goal is to update Capital One Arena to be a flexible arena that could host between 10,000 and 20,000 people and would continue to host concerts, sports, and other events — it would also become the home arena for the WNBA’s Washington Mystics.

As Wojnarowski writes, Leonsis’ teams have the ability to exit their lease with Capital One Arena in 2027. The Alexandria plan calls for a Virginia stadium authority to own the proposed complex and lease it to Monumental Sports & Entertainment, according to The Washington Post’s report, which says Monumental would have a lease in excess of 30 years.

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Wolves Notes: Edwards, Finch, Reid, Ownership

November 23rd, 2023 at 11:01am CST by Arthur Hill

Anthony Edwards is already one of the NBA’s top players, but he suggested this week that he might want to see how he could fare in the NFL, according to an ESPN report. Appearing with comedian Marco Summers on his “Open Thoughts” talk show, Edwards said “I might be the first one” to succeed in both leagues.

It’s unlikely the Timberwolves would agree to let Edwards risk his future by playing football after signing him to an extension that could be worth more than $205MM over five years. However, it would be intriguing in theory to watch Edwards give the NFL a try after being one of the nation’s best Pop Warner running backs as a youth. While speculating about a football career, Edwards emphasized to Summers that his priority is to “handle his business in the NBA.”

“As a team, [the] Minnesota [Timberwolves] organization, we want to win a championship,” he said. “After that, we’ll figure that out.”

There’s more from Minnesota:

  • The Wolves will eventually face salary decisions and second-apron concerns, but fans should enjoy a team that has become one of the NBA’s best rather than worrying about what might happen in 2024 or 2025, writes Jon Krawczynski of The Athletic. Holding the top spot in the West at 11-3, Minnesota is off to its best start ever and may be a legitimate contender for the first time in the franchise’s 35-year history. There’s a stronger focus, Krawczynski notes, as players who may have overlooked some opponents last season are now locked in every night. “I think it’s very much a serious tone,” coach Chris Finch said. “There’s a conversation about what needs to be done, what they hadn’t done.” 
  • Part of the increased focus comes from resolving financial situations during the offseason, Krawczynski adds. Mike Conley and Kyle Anderson are the only rotation members with expiring contracts, and Krawczyski believes they’re mature enough that it won’t affect their performance. “Everybody’s here to win. Everybody has one goal. Everybody’s got their money situation out of the way,” said Naz Reid, who signed a three-year, $42MM contract extension this summer. “Now we’re here to play basketball and win the game. We’re not really too much worried about anything other than that.”
  • New owners Alex Rodriguez and Marc Lore are negotiating with the Carlyle Group, a private equity firm, to invest in the Timberwolves and the WNBA’s Minnesota Lynx, sources tell Dan Primack of Axios. Primack believes the move will help to quell rumors that Rodriguez and Lore might not have the funding to complete the remainder of the sale from Glen Taylor.
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And-Ones: Tibbetts, J. Jackson, Load Management, Vasiljevic

October 17th, 2023 at 10:32am CST by Luke Adams

Veteran NBA assistant Nate Tibbetts, who had been employed by the Magic as part of Jamahl Mosley‘s staff, is finalizing an agreement to become the new head coach of the Phoenix Mercury in the WNBA, reports Adrian Wojnarowski of ESPN (Twitter link). According to Wojnarowski, the deal will make Tibbetts the highest-paid coach in WNBA history.

Tibbetts, who was hired Orlando in 2021, previously served as the associate head coach in Portland and was also an assistant for the Cavaliers. He has head coaching experience at the G League level and has interviewed for the top coaching job for several NBA teams over the years.

Interestingly, one of those NBA head coaching interviews that Tibbetts received was from the Suns back in 2019, before the team hired Monty Williams. Four years later, with the Suns and Mercury under ownership, Tibbetts will be the named the head coach of Phoenix’s other basketball franchise.

Here are a few more odds and ends from around the basketball world:

  • Veteran NBA forward Josh Jackson, the No. 4 pick in the 2017 draft, has been accused of raping a woman and then sending two other women to break into apartment to threaten her, according to Shreyas Laddha and Luke Nozicka of The Kansas City Star, who share details from a federal lawsuit filed by Jackson’s accuser. The former Kansas Jayhawk last played in the NBA in 2021/22, when he appeared in 51 games for Detroit and Sacramento.
  • While Joe Dumars and the NBA have publicly stated that their data doesn’t support the benefits of “load management,” some coaches around the league are skeptical of that conclusion, according to Joe Vardon and Mike Vorkunov of The Athletic. “It’s just PR,” one coach told The Athletic. “There are plenty of other studies that prove load management makes sense from an injury and recovery standpoint.”
  • Australian guard Dejan Vasiljevic signed an Exhibit 10 contract with the Wizards in September and was waived a couple weeks ago, but it seems he won’t be joining the Capital City Go-Go, Washington’s G League affiliate. Olgun Uluc of ESPN reports that Vasiljevic is headed back to his home country and is set to officially sign with the Adelaide 36ers after the Sydney Kings renounced their right of first refusal.
  • In a pair of features for The Athletic, John Hollinger makes win-loss predictions for the eight teams he projects to finish at the bottom of the West and his bottom eight teams in the East. Of note: Hollinger has the Kings (39-43) and Bulls (33-49) finishing out of the play-in picture in their respective conferences.
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And-Ones: Dybantsa, Weatherspoon, Breakout Candidates, More

October 11th, 2023 at 12:21pm CST by Luke Adams

A.J. Dybantsa, a 6’8″ wing from Massachusetts and one of the top high school prospects in the country, intends to reclassify to the 2025 recruiting class, as Jeff Borzello of ESPN.com writes. Dybantsa had previously been the No. 1 player in ESPN’s 2026 recruiting rankings. Now, he becomes the favorite to be selected first overall in the 2026 NBA draft, according to Borzello.

As Borzello explains, Dybantsa, Cooper Flagg, and Cameron Boozer are widely considered the best high school prospects in the country. When ESPN asked 20 college coaches and NBA evaluators to rank the trio this summer, Dybantsa earned seven first-place votes and placed second behind Flagg, who is the frontrunner to be the top pick in the 2025 draft.

“Dybantsa is just the most complete,” one coach told ESPN. “Scores at all three levels. Super athletic. He’s the No. 1 pick in the NBA draft whenever he goes.”

Here are a few more odds and ends from around the league:

  • Former Pelicans assistant Teresa Weatherspoon will be the next head coach of the WNBA’s Chiacgo Sky, reports Shams Charania of The Athletic (Twitter link). The former WNBA star was an assistant in New Orleans for four seasons before the team parted ways with her in June.
  • In John Schuhmann’s general manager poll, two players received more votes than Magic forward Franz Wagner for this season’s top breakout candidate. However, Wagner sits atop the list compiled by Michael Scotto of HoopsHype, who spoke to 25 executives around the NBA and has shared the top nine vote-getters. Pistons guard Cade Cunningham and Rockets guard Jalen Green round out Scotto’s top three.
  • John Hollinger of The Athletic lists a dozen under-the-radar NBA players whom he expects to have a real impact this season, including Celtics wing Oshae Brissett, Nuggets forward Peyton Watson, Thunder guard Vasilije Micic, and Pelicans forward Naji Marshall.
  • The Capital City Go-Go have traded the returning rights to Isaiah Mucius to the Delaware Blue Coats along with a 2024 first-round pick and 2023 second-round pick in the G League draft. In exchange, the Sixers‘ G League affiliate has sent Michael Foster Jr.‘s returning rights to the Wizards‘ affiliate, the Go-Go announced today (via Twitter).
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Southwest Notes: Spurs Arena, Mavs’ WNBA Investment, Jackson Jr., Aldama

August 7th, 2023 at 9:02pm CST by Dana Gauruder

It’s no coincidence that the Spurs found a sponsor for their arena after winning the lottery and selecting Victor Wembanyama, Mike Finger of the San Antonio Express-News writes. The arena, previously named the AT&T Center, has been renamed Frost Bank Center. The agreement is expected to last for the duration of the team’s lease, which runs through the 2031/32 season.

The Spurs received about 4,000 new season-ticket deposits between the lottery and draft due to Wembanyama mania. That helped to convince Front Bank to become the new sponsor.

The AT&T Center’s marquee became available in 2021, when the telecommunications company decided not to renew its naming rights deal. The Spurs were unable to find a new partner at that time, so they extended their agreement with AT&T through last season.

We have more from the Southwest Division:

  • The Mavericks and the WNBA’s Dallas Wings have forged a business and philanthropic partnership, according to Brad Townsend of the Dallas Morning News. The Wings, who are independently owned, are now wearing a Mavericks-sponsored jersey patch featuring the logos of the Mavericks and GEM: Girls Empowered by Mavericks. The Mavericks have made a seven-figure investment in the WNBA club. “I’m unaware of any partnership to this extent, breadth and depth between NBA and WNBA teams that are not a shared ownership situation,” Wings president and CEO Greg Bibb said.
  • In a subscriber-only article, Damichael Cole of the Memphis Commercial Appeal details how the Grizzlies front office has been in contact with Team USA and Spain with regard to the minutes Jaren Jackson Jr. and Santi Aldama will play in the FIBA World Cup and is pleased with the communication from both national teams.
  • Aldama is looking forward to playing against top competition in the World Cup, the Grizzlies forward told Michael Wallace of the team’s website. “This is all just in general for my growth,” he said. “It’s just a learning opportunity. I need to put on some pounds, get bigger, quicker and stronger overall. I’ve got to get to the best version of myself and help my teammates in as many ways as possible, play multiple positions.”
  • The Rockets recently added two players to their training camp roster. Get the details here.
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