Taylor, who put the teams on the market last year, said he was first approached by Rodriguez and Lore a week ago.
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 team 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 Minnesota Timberwolves thought Zach LaVine would develop into a star when they selected him with the 13th pick in the 2014 NBA Draft. The Timberwolves were correct in that assessment, but LaVine's stardom has been for Chicago, and it will be on display again when the Bulls visit Minnesota on Sunday night. LaVine is fresh off a career-best 50 points in Friday's 120-108 loss to the Atlanta Hawks.