Reportedly, Glen Taylor expressed a major apprehension regarding the intentions of Marc Lore and Alex Rodriguez.
A recent report indicates that Glen Taylor, the owner of the Minnesota Timberwolves, had additional concerns prompting his withdrawal from a deal with Marc Lore and Alex Rodriguez to sell the team. According to ESPN’s Adrian Wojnarowski, Lore and Rodriguez presented financial forecasts projecting a significant reduction in payroll, which troubled Taylor. The proposed figures aimed to decrease Minnesota’s payroll to $171 million for the upcoming season, below the luxury tax threshold, compared to the current projection of $198 million.
Taylor feared that such drastic payroll cuts would diminish the team’s ability to compete for a championship in the future. Achieving such reductions would likely necessitate trading one of the team’s three players with maximum contracts: Karl-Anthony Towns, Rudy Gobert, or Anthony Edwards.
With the Timberwolves currently tied for the top spot in the Western Conference with a record of 55-24, speculation arises that Taylor may have developed hesitancy about the sale now that his team is a genuine contender.
Rodriguez and Lore have indicated their ongoing interest in acquiring the franchise, alleging that Taylor reneged on a previously agreed deal due to “seller’s remorse.” Taylor’s decision may be portrayed as safeguarding fans’ interests, or he may genuinely harbor concerns about the team’s future.
