Glen Taylor Announces He’ll Retain Majority Stake In Timberwolves
Glen Taylor says he will remain the majority owner of the Timberwolves as well as the WNBA’s Lynx, the team announced in a press release.
Taylor confirmed the expiration of the option of Marc Lore and former baseball star Alex Rodriguez to purchase controlling interest in the team. Under terms of the purchase agreement, the closing was required to occur within 90 days following the exercise notice issued by Lore and Rodriguez. That 90-day period expired on Wednesday, according to the statement.
Under certain circumstances, the buyer could have been entitled to a limited extension. However, those circumstances did not occur, the statement adds.
Taylor will retain approximately 60% of the franchises, while Lore and Rodriguez will hold an approximate 40% stake.
“I will continue to work with Marc, Alex and the rest of the ownership group to ensure our teams have the necessary resources to compete at the highest levels on and off the court,” Taylor said in the statement. “The Timberwolves and Lynx are no longer for sale.”
Last week, Lore and Rodriguez reportedly had found new financial backing to complete the purchase. A previous report indicated that the sale proceedings were disrupted when the Carlyle Group chose to withdraw. Lore and Rodriguez were supposedly able to replace the firm with Dyal Capital Partners but apparently that was not enough to close the sale by the March 27 deadline.
Since 2021, Lore and Rodriguez have been involved in the purchase of the Wolves for $1.5 billion on a multi-phase payment plan. They have made two payments so far — giving them a 20% stake each time, for a total of 40%.
They exercised their option in December for the final 40% of the purchase. That began a 90-day window to submit the required documents and commitment letters to finalize the deal.
Hornets’ LaMelo Ball Won’t Return This Season
Hornets star guard LaMelo Ball will miss the remainder of the season as he continues to rehab from right ankle surgery, the team’s PR department tweets.
It comes as no surprise that the team is shutting down its star player. The Hornets have the Eastern Conference’s third-worst record at 18-54.
Ball signed a five-year, maximum-salary extension last July. However, his young career has been sidetracked by injuries. He appeared in 51 games in his rookie season and 75 in his sophomore campaign. A wrist injury limited his rookie season.
Last season, he was only able to suit up for 36 games. His season was cut short by a fractured right ankle that required surgery.
This season, he appeared in just 22 games, averaging 23.9 points, 5.1 rebounds and 8.0 assists. He hasn’t played since Jan. 26 after the ankle flared up again.
Earlier this month, Ball was believed to be on track to return to action this season. That obviously never materialized. The team initially described his injury as right ankle soreness and later diagnosed it as ankle tendinopathy.
Knicks Draft-And-Stash Prospect Plans To Play Summer League
Knicks draft-and-stash player Rokas Jokubaitis is expected to leave FC Barcelona and play in the Summer League to pursue an NBA career, Alessandro Luigi Maggi of Sportando tweets.
Jokubaitis, 23, was selected with the No. 34 pick of the 2021 draft. The Thunder traded his draft rights to the Knicks that evening. He appeared in three Summer League games that year.
Jokubaitis reportedly signed a four-year contract with Barcelona in 2021 with options on the deal for each of those seasons. According to Maggi, Zalgiris Kaunas of Lithuania is the favorite to sign the 6’4″ guard if he remains in Europe.
In 28 EuroLeague games this season, Jokubaitis averaged 5.7 points and 3.1 assists in 16.6 minutes. He has made 41.3% of his 3-point attempts in his international career.
Central Notes: Morris, DeRozan, Terry, Cunningham, Duren
Cavaliers forward Marcus Morris, who is on a 10-day contract, was ejected from Monday’s win over the Hornets, according to ESPN News Services. Morris threw a high elbow that struck Charlotte center Nick Richards in the jaw.
Morris said he wanted to send a message to his new Cavaliers teammates: “There’s been a lot of grueling games and I was just wanted to toughen us up. Step in front of it like, listen this is what’s going to be expected moving forward, not just for today. Set the precedent going into the playoffs. We’re not about to have anybody coming in here and doing what they want to do. I wanted to play the game, I didn’t want to get thrown out, but I definitely wanted to put a little lick on him. I was happy the way we responded.”
We have more from the Central Division:
- The Bulls lost by two points to Washington on Monday. DeMar DeRozan was angry that his team didn’t take advantage of a matchup against a depleted team playing out the string, according to K.C. Johnson of NBC Sports Chicago. “All these games matter. You want to be playing good basketball towards this part of the season,” DeRozan said. “I’m pretty sure I’m going to be pissed off until we get back out on the court. We shouldn’t drop games like this right now. We’re resilient. But we can’t live on the edge every game. We gotta leave it out there these last 10 games. We can’t have no more excuses. We gotta play like your life depends on it.”
- Bulls forward Dalen Terry has been working on his three-point shot since being drafted in the first round in 2022. However, it hasn’t shown on the court. He’s shooting 24.1% from deep this season. “I definitely believe it’s going to be a real big offseason for me, just taking care of my shot,” Terry told Joe Cowley of the Chicago Sun Times.
- The Pistons are listing Cade Cunningham as questionable and Jalen Duren as probable for Wednesday’s game at Minnesota, James Edwards III of The Athletic tweets. Cunningham has missed the last two games due to knee soreness, while Duren has sat out three games due to back spasms.
Suns Notes: Allen, Beal, Nurkic, Spurs Loss, Schedule
The Suns play the Nuggets on Wednesday. It’s also a significant day for wing Grayson Allen.
Allen becomes eligible tomorrow for a four-year extension that could be worth up to $75MM. If he doesn’t sign an extension, he’ll be an unrestricted free agent, with the Suns holding his Bird rights. If he were to sign an extension with a maximum starting salary of $16.4MM, Phoenix’s luxury tax bill projects to jump another $65-70MM, Duane Rankin of The Arizona Republic notes.
“I try not to think about it too much,” Allen said about a potential offer. “One, because it’s not a done deal until it’s signed. You don’t want to count it, start counting stuff too early before it happens. Another part of is it’s March and we’ve got 11, 10 games left. We’re getting at a time where you don’t want to have stuff like that on your mind cause it’s an individual goal for me and right now, it’s the Suns and team stuff. I don’t want to think about that kind of stuff too much.”
We have more on the Suns:
- Not only did the Suns lose to San Antonio on Monday, they came out of the game with a couple of new injuries, ESPN’s Andrew Lopez tweets. Bradley Beal left with a sprained right ring finger late and could not return. X-rays were negative. Jusuf Nurkic left the game earlier with a sprained right ankle. Neither one practiced on Tuesday, according to Rankin (Twitter links). They’re listed as questionable for Wednesday’s game, Gerald Bourguet of GoPhnx.com tweets.
- The Suns had defeated the Spurs by 25 points two days earlier and San Antonio didn’t have Victor Wembanyama in the lineup during the rematch. Yet the Spurs were able to pull out a two-point win against a team fighting for playoff position. “It’s disappointment,” Beal told Lopez and other reporters. “We came in here and laid an egg. We thought it was going to be easy with no Wemby. Just got our (butt) kicked. They came out aggressive, just like Coach (Frank Vogel) told us they would, and we didn’t respond. Well, we did, but we didn’t withstand their punches.”
- Phoenix’s final 10 opponents have a combined winning percentage of .648, Lopez notes. According to ESPN, it’s the toughest final 10-game stretch for any team since the 2015/16 Grizzlies. However, Vogel said that shouldn’t impact how the Suns finish. “We like our chances against anybody,” he said. “We don’t worry about the schedule.”
Warriors Notes: Curry, Jackson-Davis, Looney, Next Season
The offensive burden on Stephen Curry is greater than ever, Marcus Thompson II of The Athletic writes. The Warriors currently don’t have a steady No. 2 scoring option and they’re 18-20 this season when Curry scores fewer than 30 points.
“We can’t expect to just ride Steph game after game after game,” coach Steve Kerr said, adding, “… We’ve put the burden of this franchise on his shoulders for 15 years.”
We have more on the Warriors:
- In a subscriber-only story, Kerr tells The Indianapolis Star’s Dustin Dopirak how former Indiana University star Trayce Jackson-Davis has impacted the team in his first season. “Trayce is just incredibly mature for a rookie,” Kerr said. “He’s a little bit like the bigs who came into the league way back when I came in. Lots of college experience. Already grounded in the fundamentals of the game. It’s easy to throw stuff at him, sort of NBA stuff that he hasn’t seen before and expect him to pick up on it because he’s got this great fundamental base.” The second-rounder is averaging 7.4 points and 4.5 rebounds in 14.9 minutes through 57 games. He missed Tuesday’s game in Miami due to knee soreness, Anthony Slater of The Athletic tweets.
- Kevon Looney said he learned valuable lessons from Dejan Milojevic, the assistant who died suddenly in January. “Deki was a great coach. He was brutally honest, but he always had a smile on his face,” Looney told Hoops Hype’s Sam Yip. “He’s always joyful. He made coming into work that much better, and that much more fun. I had the best years of my career learning from him, learning different footwork, learning the different nuances of offensive rebounding, and learning how to finish. He wasn’t the biggest guy, but he scored a lot of points overseas, he was one of the best scorers in his league, and he was undersized. So he taught me different things about leverage, pump-fakes, angles, and different things like that.”
- While the Warriors haven’t given up this season, they may be looking at next season to make one last push for another championship with this core group, Tim Kawakami of The Athletic opines.
Pacific Notes: James, Beal, Vezenkov, Sabonis
The Lakers are listing LeBron James as doubtful for Tuesday’s road game against the Bucks because of soreness in his left ankle, according to Dave McMenamin of ESPN.
James missed a game against Milwaukee on March 8 due to the same issue. The Lakers are currently ninth in the Western Conference as they head out on a six-game road swing. James played 38 minutes in the Lakers’ 150-145 win over the Indiana Pacers on Sunday, supplying 26 points and 10 assists.
We have more from the Pacific Division:
- Bradley Beal has to play third wheel in the Suns’ star-studded lineup and coach Frank Vogel praises the star wing for filling a different role than he had as the Wizards’ top scorer. “Brad’s really sacrificing for the betterment of this team,” Vogel said, per Gerald Bourguet of GoPhnx.com. Beal’s scoring average of 18.1 PPG is his lowest since the 2015/16 season.
- The Kings’ Sasha Vezenkov was a European star but it wasn’t always smooth sailing when he played for Barcelona, he told Spanish outlet Mundo Deportivo (hat tip to Sportando. Still, he wouldn’t rule out playing there again. “I had difficult years at Barcelona,” he said. “I think they didn’t treat me well, but not the people who lead the organization, with Juan Carlos Navarro I have a very good relationship and I learned a lot from him. I have friends in the organization, I never say no, but it’s like my time there was difficult for the team and for me. I can’t predict the future, but I have friends I respect a lot.” Injuries have limited Vezenkov to 35 games so far in his first NBA season.
- The Kings’ Domantas Sabonis had his 53rd consecutive double-double on Saturday with 21 points, 14 rebounds and eight assists, tying Kevin Love’s record for the longest single-season streak since the ABA-NBA merger, Chris Biderman of the Sacramento Bee notes. Sabonis broke that record in style on Monday by posting a triple-double in a win over Philadelphia. “That’s the thing about it, is it’s extremely difficult,” coach Mike Brown said over the weekend. “It’s unheard of. And I’ve been around great players, Hall of Fame players, that didn’t have a chance to get this record that Domas is chasing. But he works so hard and he is the definition of consistency. I can see why others who aren’t around him don’t really feel like it’s a big deal because he makes it look easy. It’s like normal for him.”
Southeast Notes: Love, Heat, Mosley, Kispert
There was some positive news on the Heat’s injury report on Monday. Kevin Love has been upgraded to questionable for Tuesday’s game, Anthony Chiang of The Athletic tweets. Love, who holds a $4MM option on his contract for next season, hasn’t played since Feb. 27 due to a heel injury.
Tyler Herro and Duncan Robinson will remain sidelined for the Heat’s game against the Warriors.
We have more from the Southeast Division:
- The Heat are trying to avoid the play-in tournament for the second straight season, which makes the remaining games crucial, Ira Winderman of the South Florida Sun Sentinel writes. Their head coach knows that is meaningful to his players. “We beat ourselves up after poor performances, and we just can’t wait to get back out there again and try to make amends for it,” Erik Spoelstra said. “And that’s the thing I really admire about this group. This group cares.”
- Magic guard Cole Anthony believes Jamahl Mosley‘s body of work should be considered when votes are taken for Coach of the Year honors, Jason Beede of the Orlando Sentinel tweets. “Just seeing the direction, the trajectory he’s going on. That should tell you what it is right here. We really haven’t changed the roster much. … We all, obviously, have gotten better and he’s obviously gotten better as a coach, too,” Anthony said.
- In a feature story, The Washington Post’s Ava Wallace takes a closer look on how Corey Kispert has become a fixture for the Wizards during their rebuild. Kispert is averaging 12.5 points, 2.5 rebounds and 1.7 assists per game but the numbers don’t tell the whole story, Wallace notes. His pick-and-roll usage is up, along with his field goal attempts, and he’s far more active in the paint. Kispert is eligible for a rookie scale extension this offseason.
Atlantic Notes: Celtics, Jeffries, Diakite, Walker, Dinwiddie
The Celtics’ bench has turned into a strength during their current hot streak, Jay King of The Athletic writes.
Over the last nine games, Payton Pritchard has averaged 13.9 points and 5.8 assists per game while shooting 47.0% from the field. Meanwhile, Sam Hauser has made 21 three-pointers over his past three games entering Monday’s action. Al Horford, Luke Kornet, Xavier Tillman and Oshae Brissett have also delivered impactful performances.
We have more from the Atlantic Division:
- DaQuan Jeffries’ contract with the Knicks, which he signed on Monday, runs through the end of this season with a team option for 2024/25, Fred Katz of The Athletic tweets. Mamadi Diakite’s contract with the Knicks, also signed on Monday, runs through next season too, but the 2024/25 salary is non-guaranteed rather than a team option, Katz adds (Twitter link).
- Lonnie Walker‘s minutes have dropped since Kevin Ollie was named the Nets’ interim coach but he’s trying to keep a positive attitude, according to NetsDaily.com. “I don’t think it negatively affects me. You might have your ups and downs, your days where you might not feel as much,” Walker said. “But for the most part, I got a great family around me that really supports me and I understand that there’s light at the end of the tunnel.” Walker will be an unrestricted free agent after the season.
- Spencer Dinwiddie was given very little leeway by former Nets coach Jacque Vaughn before he was dealt and later joined the Lakers, according to Shams Charania. Speaking on the Run It Back program (video link), Charania said Dinwiddie “was essentially told in Brooklyn: No pick and rolls, no isolations.”
Southwest Notes: Wembanyama, Morris, Green
Spurs rookie star Victor Wembanyama won’t play on Monday against Phoenix due to a left ankle sprain, Tom Orsborn of the San Antonio Express-News tweets.
Wembanyama, who was ruled out after participating in the Spurs’ morning shootaround to test his ankle, suffered the injury during Saturday’s 131-106 loss to Phoenix. It’ll be the ninth game he has missed in his first season.
Spurs coach Gregg Popovich said it’s a “little better than 50-50” that the No. 1 pick plays at Utah on Wednesday.
We have more from the Southwest Division:
- Markieff Morris has only appeared in 20 games for the Mavericks this season, but the 34-year-old forward plays a key leadership role, Eddie Sefko of Mavs.com notes. Morris says his practice habits are part of the reason why his words and actions carry so much weight. “You can’t just talk it, you got to still be able to walk it,” Morris said. “And that’s what makes these guys believe in what I say. Obviously, I don’t play (in games much). But if you catch me in practice and see me play, you’d say, he really still can bring it. It’s just not my role for this team (to be in the rotation). I think that’s why people believe what I say. I show it in practice all the time.”
- Jalen Green has been red hot lately, averaging 27.8 points and 3.5 assists this month. Shams Charania noted on FanDuel’s Run It Back program (video link) that the Rockets were willing to deal him. “Two months ago, the Rockets called the Nets on Mikal Bridges and I’m told they discussed a concept around Jalen Green and multiple first-round picks,” Charania said. “That deal was not accepted by the Brooklyn Nets.” That confirms reports prior to the February trade deadline that Houston was open to moving Green for a top-level wing.
- Speaking of Green, The Athletic’s Kelly Iko takes a deep dive into how the third-year guard has improved defensively this season.