Adrian Wojnarowski, ESPN
Apr 10, 2024, 04:28 PM ET
As part of a failed process to assume majority ownership, Minnesota Timberwolves minority partners Marc Lore and Alex Rodriguez submitted financial projections forecasting a sizable retreat in roster payroll that majority owner Glen Taylor believed would jeopardize the franchise's ability to compete for a championship, sources told ESPN.

In documents shared with Taylor, the NBA and The Carlyle Group, a private equity firm, Lore and Rodriguez rendered a budget projection as potential majority owners that would've lowered the Timberwolves' payroll to $171 million beginning next season -- below the projected $172 million luxury tax threshold, sources told ESPN. The Timberwolves would've gone from approximately a $25 million-plus tax payment to a team receiving a tax distribution of approximately $6.5 million.

I'm close to the center on most issues.

Windhorst or someone mentioned when the deal fell through that the current minority owners (A-Rod and Lore group) push back against the team running into the luxury tax--because as minority owners (1/3rd of the team or so) they're always on the hook for 1/3rd of the luxury tax payments. So that makes sense if their plan going forward would be stay under the tax.

Surprised Cuban sold off the Mavericks on the verge of every current NBA owner getting a $300 million windfall from NBA expansion. Unless they bake in the pv of that windfall payment as part of the sale price, seems you'd wait on selling any franchise until post-expansion.

I am not a legal expert, how many times do I have to say it?

Glen Taylor is one of the worst owners in pro sports.

Glen Taylor is one of the worst owners in pro sports.

Because you are stupid, maybe read some books educate yourself.

We walk, talk, and won't shit our pants

You mean there are others almost as bad as Reinsdork and Virginia There's No Fuckin Santa Claus?

The victims are the American People and the Republic itself.

Glen Taylor is one of the worst owners in pro sports.

Glen Taylor is one of the worst owners in pro sports.