The Timberwolves and owner Glen Taylor appear to have found a buyer for the franchise, according to Jon Krawczynski and The Athletic’s Shams Charania.
Taylor is reportedly in “advanced discussions” to sell the team to former Memphis Grizzlies minority owner Daniel E. Straus. A deal was reportedly not finalized.
Taylor’s decision to sell the franchise was first reported in July. He has been the owner of Minnesota since 1994, with the Timberwolves having made the postseason nine times in the past 27 seasons. Minnesota experienced a 13-year playoff drought in 2017-18, but lost the playoffs in each of the last two seasons after a 19-45 campaign in 2019-20.
The Timberwolves will not leave Minnesota if they are bought by Straus, according to Krawczynski and Charania. Taylor has determined that any buyer must keep the team in Minneapolis.
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