In 2017, he was with the Houston Rockets when the team was sold to Tilman Fertitta.The NBA is in a difficult place financially right now, leading to plenty of curiosity around the league about the potential for several teams to be up for sale in the next year or two. The Timberwolves explored several trade options in June, including for Chicago star Jimmy Butler, but Thibodeau, also Minnesota’s president of basketball operations, now … Orbach, a New Jersey-based real estate magnate, bought 10% of the team in 2016.Former Wolves great Kevin Garnett expressed on Twitter his desire to assemble a group to make a bid. That could lead to significant losses for some teams.Franchise valuations have soared over the past decade. Although Taylor has been in talks about a possible sale for at least a month, the news caught some fellow NBA owners contacted by ESPN by surprise.NBA sales have been robust recently, with big-market teams such as the The Wolves will be in the luxury tax this year, though that's mostly an anomaly due to the trade-deadline acquisition of Moving forward, a new ownership group would inherit the four years and $131 million left on Minnesota will have the potential to add three inexpensive contracts (for a projected total of $13 million in 2020-21) in the draft, including their lottery pick, a first-rounder via Brooklyn (if the Nets make the playoffs) and an early second-rounder (projected at No. Below we have five potential trade packages that might just pique the interest of the Suns should this day ever come.

In the past, sales agreements have included provisions that forbid new owners from moving the teams under certain conditions.The 2019-20 NBA season resumed on July 30 at Walt Disney World.Several times in the past decade, bidders have come to Taylor with the intention of buying the team to move it, including a group led by Chris Hansen, who tried to buy the The Target Center recently completed a renovation that included $75 million in public money. The Timberwolves now officially own Brooklyn’s first-round pick in the upcoming draft, Chris Hine of the Star Tribune writes. ESPN did a roster breakdown for the Wolves, plus Jacob Evans was on a podcast. Mock Draft 3.0, Full Two Rounds . Garnett had planned to join the late Flip Saunders to make a bid to buy the Wolves from Taylor after his retirement. But when Saunders returned to become president, Saunders acquired an ownership share, and Taylor agreed to take the team off the block, as he intended to give Saunders some time to try to put together a group to buy the team.After Saunders' death, Taylor came to an agreement with Steven Kaplan to sell Kaplan 30% of the team, with a plan to sell him a controlling share when Taylor was ready to let it go. With Taylor unwilling to agree to such terms, the price could be closer to the Grizzlies' number.Having said that, Taylor's decision to publicly announce his plans and that he has bidders could be designed to juice the price and attract new interest. But Saunders died in 2015, and Garnett became furious that Taylor didn't follow through on what he thought was a promise. Both the Chicago Bulls and Minnesota Timberwolves have already been looking towards next season, as neither squad made the playoffs this past … But As he has almost done in the past, Taylor could decide to sell a piece of the team, with the new buyer having a contractual pathway to buying him out at a later date. He announced Tuesday that he is looking into a potential … Before a deal was struck in 2012, the Vikings were believed to be candidates to move to Los Angeles.The most comparable recent sale came last year, when Grizzlies owner Robert Pera bought out his partners in a deal that valued the team at $1.25 billion.If Taylor were willing to allow the team to be moved as part of a sale, it could get significantly more -- perhaps north of $1.5 billion, several brokers who handle team sales told ESPN. There also is the possibility for revenue sharing to be turned on its head if the big-market teams, which typically buoy smaller market clubs such as Minnesota, don't have excess money to share. Minnesota acquired the pick in a four-team trade last February, though the pick was lottery protected. 33).Although Minnesota will not have cap space this offseason, the big financial commitment for a new ownership group would come via the restricted free agencies of Moments such as this always create some anxiety for a basketball operations department, with decision-makers wondering if a new ownership group will overhaul a front office. Even though he is currently in the first year of a five year deal, we’ve seen multiple examples of stars forcing their way out of town over the past few years regardless of their contractual obligations.While the Wolves certainly aren’t ready to trade their franchise cornerstone just a couple of months into this new era of Minnesota basketball, Gersson Rosa’s phone will be ringing from now until the trade deadline with inquiries about Towns’ availability.Those potential trade offers would have to be pretty substantial for Rosas to listen to them, but he needs to consider every opportunity otherwise he’s not doing his job.In this article, I try to predict what those type of offers will look like as the NBA trade season heats up.Build your custom FanSided Daily email newsletter with news and analysis on Minnesota Timberwolves and all your favorite sports teams, TV shows, and more.Your privacy is safe with us.

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