NBA

T-Wolves Owner: A-Rod, Partner In Agreement To Buy NBA Club

Apr 10, 2021, 7:58 PM | Updated: 8:02 pm
Alex Rodriguez - New York Yankees...
Alex Rodriguez #13 of the New York Yankees answers question in a press conference after the game against the Tampa Bay Rays at Yankee Stadium on August 12, 2016 in New York City. (Photo by Drew Hallowell/Getty Images)
(Photo by Drew Hallowell/Getty Images)

MINNEAPOLIS (AP) — Former baseball star Alex Rodriguez and e-commerce mogul Marc Lore signed a letter of intent Saturday to buy the Timberwolves and keep the NBA franchise in Minnesota, owner Glen Taylor said.

The agreement, which also includes the WNBA’s Minnesota Lynx, opens a 30-day window for negotiations to be finalized.

Under the conditions of the deal, Taylor would keep control of the club for the next two years and bring on Rodriguez and Lore as partners until a handover in 2023.

The Athletic first reported the sale, which would be worth $1.5 billion.

Taylor, who put the teams on the market last year, said he was first approached by Rodriguez and Lore a week ago. The pair traveled to meet Taylor and his wife at their winter home in Naples, Florida. In a phone interview with The Associated Press, Taylor said he told all interested parties throughout the sale process that keeping the franchises in town was a prerequisite for purchase.

“There was no use talking to them if they didn’t agree to that,” the 79-year-old Taylor said.

Rodriguez and Lore are 50-50 partners in the deal, Taylor said. Rodriguez hit 696 home runs over 22 major league seasons, with the New York Yankees, Seattle Mariners and Texas Rangers. His last season on the field was 2016.

That’s the same year Lore became Walmart’s e-commerce chief, when the retail giant bought his Jet.com startup to boost online business. Lore notified Walmart on Jan. 31 of his intent to leave the company and will continue to serve in a consulting role as a strategic adviser through September.

NBA

Jordan-Clarkson-Utah-Jazz...
Brian Preece

Jordan Clarkson Beats Third-Quarter Buzzer With Put Back

Jordan Clarkson continued a furious Utah Jazz third quarter comeback, beating the buzzer with a put-back to bring Utah within two, 92-90.
2 days ago
Jordan-Clarkson-Utah-Jazz...
Kyle Ireland

Jordan Clarkson Hits Stepback Jumper During Blazers-Jazz Game

Jazz guard Jordan Clarkson connected on a nice stepback jump shot during the second half of Utah's game against the Portland Trail Blazers.
2 days ago
utah-jazz-forward-jarred-vanderbilt...
Brian Preece

Vanderbilt Sets Career High In First Half As Jazz Trail By Nine

Jarred Vanderbilt was on fire from deep on Saturday night, setting a career-high with three first half three's against Portland.
2 days ago
Walker-Kessler-Utah-Jazz-NBA...
Kyle Ireland

Jazz Center Walker Kessler Dunks On Blazers After Dish From Kelly Olynyk

Jazz center Walker Kessler threw down a slam dunk after a beautiful assist from Kelly Olynyk during Utah's game against the Trail Blazers.
2 days ago
Lauri-Markkanen-Jazz...
Brian Preece

Lauri Markkanen Hot Early For Jazz Against Trail Blazers

'The Finnisher' started hot on Saturday night, scoring nine points in the first five minutes as the Utah battles with Portland.
2 days ago
Rudy-Gobert-Minnesota-Timberwolves-NBA...
Kyle Ireland

Instant Replay: Timberwolves Center Rudy Gobert Ejected For Tripping

Former Jazz and current Timberwolves center Rudy Gobert tripped a member of the Oklahoma City Thunder and was ejected with a flagrant foul.
2 days ago
T-Wolves Owner: A-Rod, Partner In Agreement To Buy NBA Club