5:24pm: Garnett wants to keep the Wolves in Minnesota if his group is successful in its bid, sources tell Charania (Twitter link).
4:58pm: Former Timberwolves star Kevin Garnett is part of a group of investors preparing a bid to submit to Wolves owner Glen Taylor in the hopes of purchasing the franchise, reports Shams Charania of The Athletic (via Twitter).
As we detailed in our earlier story about Taylor exploring a possible sale of the Wolves, Charania initially reported that Garnett’s group was seriously interested in the team and was exploring the possibility of a bid. Now it sounds as if KG’s group is close to officially putting an offer on the table.
A Hall-of-Famer, Garnett didn’t win a championship until after he was traded to the Celtics, but enjoyed the most productive years of his NBA career in Minnesota. He averaged 19.8 PPG, 11.0 RPG, 4.3 APG, and 1.6 BPG in 970 games (37.3 MPG) over 14 seasons with the Wolves, including the last couple years of his career. Garnett was a 10-time All-Star, a four-time rebounding champion, and the 2004 MVP during his time with the franchise.
However, Garnett hasn’t been on good terms with Taylor for the last several years, having previously suggested that he felt there was an understanding he would join the Wolves’ front office after his retirement — and that Taylor reneged on that agreement following the death of Flip Saunders. Still, even when Garnett has criticized Taylor, he has always stressed his fondness for Minnesota and the Timberwolves.
“My years in Minnesota and in that community, I cherish,” Garnett told Shams Charania of The Athletic in April when discussing why his number hadn’t been retired by the Wolves. “At this point, I don’t want any dealings with Glen Taylor or Taylor Corp. or anything that has to do with him. I love my Timberwolves, I’ll always love my guys, I’ll always love the people who f–k with me there. I’ll always have a special place for the city of Minneapolis and the state of Minnesota in my heart.”
Although Garnett made a staggering $343MM+ over the course of his 21-year NBA career, per Basketball-Reference, he probably isn’t in position to become the majority owner of a franchise valued at $1.375 billion by Forbes earlier this year. It’s not yet clear what other investors are part of Garnett’s group.
As we noted in our earlier story, Taylor has retained The Raine Group to explore a sale of the Timberwolves and has made it clear he’s not interested in selling to a group that wants to relocate the team. Presumably, given his connection with Minnesota, KG’s goal would be to keep the Wolves in their current location, though he has also talked in the past about wanting to bring the NBA back to Seattle.
Taylor also told Jon Krawczynski of The Athletic (Twitter link) today that if a sale is completed, he’d expect his WNBA team – the Minnesota Lynx – to be part of it.
“The way I run it, it’s all one thing,” Taylor said. “I would assume we would want to keep it that way and make it more efficient.”