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#pounditFriday, September 18, 2020

Articles tagged: Minnesota Timberwolves

Report: Arron Afflalo leading group trying to buy Timberwolves

Arron Afflalo

A new name has entered the fray in the effort to purchase the Minnesota Timberwolves.

Former NBA player Arron Afflalo is leading a group of investors seeking to buy the Timberwolves and the WNBA’s Minnesota Lynx, according to Jon Krawczynski and Shams Charania of The Athletic. The group is backed by entrepreneur Jay Bloom, and is committed to keeping the franchise in Minnesota.

Afflalo believes his group has the money and NBA ties to offer a competitive bid. They are also emboldened after owner Glen Taylor’s talks with former Memphis minority owner Daniel Straus stalled, leaving the door open for new bidders.

The 34-year-old Afflalo spent 11 seasons in the NBA. He never played for the Timberwolves, but his first NBA coach was Minnesota icon Flip Saunders. He also has a good relationship with current Timberwolves coach Ryan Saunders.

Afflalo isn’t the only former NBA player trying to bid for the organization. The other option may be more appealing to fans, but Afflalo’s group seems more serious right now.

Report: Timberwolves will explore trading No. 1 overall pick

Timberwolves logo

The Minnesota Timberwolves won the No. 1 overall pick in last month’s draft lottery, but that does not necessarily mean that they will be keeping it.

The Athletic’s Sam Vecenie reported Tuesday that the Wolves are expected to gauge the market for the pick the next couple months. Vecenie adds that general manger Gersson Rosas is one of the NBA’s most aggressive GMs.

James Wiseman, LaMelo Ball, and Anthony Edwards are three of the top prospects in this year’s draft class. But Wiseman overlaps positionally with Wolves center Karl-Anthony Towns. Ball does so too with new Minnesota guard D’Angelo Russell. Edwards, while he does play the wing, is weak enough defensively that the team may not do well drafting any of the three.

Rosas hinted at this possibility from the moment Minnesota won the lottery. That ultimately may be the smart play in a draft without a surefire top pick.

Report: Daniel E. Straus in advanced talks to buy Timberwolves, Lynx

Timberwolves logo

The Minnesota Timberwolves are for sale, and a serious buyer has emerged.

Daniel E. Straus, a former Memphis Grizzlies co-owner, is in advanced talks to buy the Timberwolves and Lynx, The Athletic’s Shams Charania and Jon Krawczynski reported on Monday.

Current owner Glen Taylor put his team up for sale last month. He received interest from several potential ownership groups, but talks have gone the furthest with Straus. Preliminary documents for a sale reportedly have been drawn up, and the sides are proceeding with negotiations.

Kevin Garnett was reported to have interest in buying the team for whom he played most of his career but reportedly has not had formal talks with Taylor.

Straus is a lawyer but made most of his fortune running multiple health care companies. He served as vice chairman of the Grizzlies but sold his stake in the team in 2018.

Straus reportedly has agreed to keep the Timberwolves in Minnesota as part of the deal, satisfying Taylor’s wishes. Minnesota also landed the No. 1 pick in the NBA Draft last week, which could make them even more attractive for a purchase.

Timberwolves open to trade of No. 1 draft pick

Timberwolves logo

The Minnesota Timberwolves on Thursday won the NBA Draft Lottery and will have the No. 1 pick in this year’s draft. The team may be thrilled to have the top pick, but they are also considering all options, including a trade.

Timberwolves president of basketball operations Gersson Rosas told reporters on Thursday that the team is open to everything.

“We have an open mind as we go through all of this. We want to do what’s best for this organization. And it means being thorough, being diligent and looking at every option. Draft, trade, free agency, whatever the case may be,” he said, via reporter Jon Krawczynski.

Whatever the Timberwolves decide to do with the pick, this is a big break for the team.

They hit big with the Karl-Anthony Towns pick at No. 1 overall in 2015 and had a nice pick of Zach LaVine the year before. But they haven’t drafted well since. This will mark an opportunity for the franchise to add an extra piece to Towns and D’Angelo Russell and possibly give them a playoff core.

Minnesota has only made the playoffs once since 2004 and had the second-fewest wins in the league this season.

Report: Kevin Garnett would head basketball operations if his group buys Timberwolves

We’re beginning to learn more about Kevin Garnett’s reported effort to buy the Minnesota Timberwolves.

As has been widely reported, Garnett is said to be part of a group exploring the purchase of both the Timberwolves and the WNBA’s Minnesota Lynx from current owner Glen Taylor. The franchise icon is backed by multiple investors in his effort.

According to Charley Walters of the Pioneer Press, Garnett is being backed by two billionaires from California and another from Florida. Garnett himself is putting $200 million of his money into the bid, and if the group is successful, he would lead Minnesota’s basketball operations and have authority to name the general manager and head coach of the team.

This arrangement would have some similarities with what the Miami Marlins have done. Derek Jeter was not the primary investor, but was put in charge of the team’s baseball operations when his group successfully purchased the team.

As exciting as Garnett’s possible return might be for Timberwolves fans, it’s far from a guarantee his group is ultimately successful in its bid to buy the franchise. In fact, it might not even be the favorite right now.

Wilf family reportedly emerges as ‘serious’ buyer for Minnesota Timberwolves

Minnesota Timberwolves

The Minnesota Timberwolves are for sale, and a familiar new owner could emerge.

The Wilf family, which owns the Minnesota Vikings, is emerging as a “serious” candidate to buy the Timberwolves, according to a report from ESPN’s Adam Schefter.

Zygi Wilf, 70, is the chairman of the Vikings and bought the team with several partners in 2005 for a reported $600 million. The Vikings were recently valued at $2.7 billion by Forbes.

Current Timberwolves owner Glen Taylor reportedly is looking for at least $1.2 billion in a sale. He has owned the T-Wolves since 1994.

In addition to the Wilf family, several other groups have expressed interest in purchasing the Timberwolves. One ownership group reportedly includes one of the franchise’s most famous players.

The Timberwolves have been around since the 1989-1990 season. They have only made the playoffs once since 2004.

Report: Kevin Garnett part of group interested in buying Timberwolves

Kevin Garnett

Kevin Garnett may be about to return to the Minnesota Timberwolves organization in a big way.

According to Shams Charania of The Athletic, Garnett is part of a group of investors seriously considering a bid for the Timberwolves. The news comes in the wake of reports that current Timberwolves owner Glen Taylor is exploring a sale.

According to another report, Taylor has already received bids for the franchise.

While Garnett has serious bad blood with Taylor, the Timberwolves icon has said in the past that he would love to be part of an ownership group that replaces Taylor. It appears he’s ready to put his money where his mouth is and potentially return to the franchise where he became an NBA superstar.

Report: Glen Taylor puts Timberwolves up for sale

The Minnesota Timberwolves are on the market.

According to Scott Soshnick of Sportico, Timberwolves owner Glen Taylor has retained The Raine Group to open the process of selling the franchise. Offers have already been made, and a sale could take place within the next month.

The report states that Taylor is asking at least $1.2 billion for the team. He has sought to avoid a public bidding process and wants to quietly find a buyer without any sort of media or corporate frenzy.

Taylor has been the majority owner of the Timberwolves since 1994. Though once a contender, they have made the playoffs just once since the 2003-04 season.

One thing this could mean is a thawing of relations with franchise icon Kevin Garnett. Garnett infamously fell out with Taylor over what the ex-player claimed was a broken promise about an ownership stake, and has refused to even have his uniform retired by the team as long as Taylor is the owner. Now that Taylor looks to be on the way out, Garnett could be recognized by the franchise, and maybe even try to join an ownership group that buys them.

Timberwolves fined for resting healthy D’Angelo Russell

The “load management” trend in the NBA has been a problem for the league, and they are acting about it.

The league on Thursday fined the Minnesota Timberwolves $25,000 for resting a healthy D’Angelo Russell for its game on February 23 against the Denver Nuggets.

Russell was acquired by Minnesota in a trade with Golden State ahead of the deadline. He’s played in five games with his new team and missed Sunday’s loss in Denver.

The 24-year-old guard has averaged 24.4 points and 8.0 assists per game since joining Minnesota. The Timberwolves are having a rough go of it over the past month. They had lost 18 of 19 games prior to Wednesday’s surprising win over the Miami Heat.

D’Angelo Russell traded to Timberwolves from Warriors for Andrew Wiggins, picks

The Minnesota Timberwolves were determined to land D’Angelo Russell in advance of Thursday’s trade deadline, and they were finally able to convince the Golden State Warriors to part ways with the star point guard.

The Warriors have agreed to trade Russell to Minnesota in exchange for Andrew Wiggins and two future draft picks, ESPN’s Adrian Wojnarowski reports.

The 2021 first-round pick is protected to No. 3 and becomes unprotected in 2022, according to Woj.

Russell has been a lone bright spot in an otherwise forgettable season for the Warriors this year. He is averaging 23.6 points and 6.2 rebounds per game, though his numbers would likely have dipped a bit when Stephen Curry returns from his thumb injury. Some have wondered how Russell and Curry could coexist together on the court, and apparently Golden State was not sold on keeping the duo together.

The Warriors were believed to be seeking a first-round draft pick from Minnesota all along, and it looked like the T-Wolves were balking at that asking price as of Wednesday. In hindsight, that was probably just posturing.

Russell signed a four-year, $117 million deal last offseason as part of a sign-and-trade between Golden State and the Brooklyn Nets. The Timberwolves can now try to build their roster around a core of Russell and Karl-Anthony Towns.

Wiggins, a former No. 1 overall pick, is averaging 22.4 points, 5.2 rebounds and 3.7 assists per game this season.