KARL-ANTHONY TOWNS – Page 7 – David Shama's Minnesota Sports Headliners

Glen Taylor Offers News on Wolves Ownership Transition

Posted on January 5, 2024January 5, 2024 by David Shama

Timberwolves and Lynx owner Glen Taylor told Sports Headliner that Marc Lore and Alex Rodriguez met their December 31 deadline to exercise the option to acquire majority control of the franchises. He also offered an update on the widely publicized $1.5 billion sales price.

Payment must be made later this year by the two men to gain 80 percent control of Minnesota’s professional basketball teams. Rodriguez and Lore reportedly already hold a 40 percent ownership share. Taylor said the final payment will not be for several weeks at the soonest and “probably not after 120 days,” with more specifics to be determined.

Asked about the accuracy of the $1.5 billion price, Taylor said, “Sort of. Yeah, kind of, but we have to negotiate a few things.”

Taylor, a long-time friend of this writer, declined to provide further details. The plan is for him to become a 20 percent owner of the teams.

Taylor expressed confidence that efforts of Lore and Rodriguez to acquire investment partners are on track. He knows at least some names of potential owners.

All of those involved with the new ownership group must be investigated and vetted by the NBA. Until the league’s Board of Governors votes approval, Rodriquez, Lore and their partners will not have their 80 percent authority. Taylor isn’t aware of a date yet when the Board of Governors will hold their vote to approve or not approve new ownership.

Fans can raise questions about the future of the franchises and where they will play. Neither Lore nor Rodriguez has ties to Minnesota, and this will be their first venture into pro sports ownership.

Their payment plan for the Wolves and Lynx began in 2021 and is unconventional in that they have needed time to raise capital and take in partners. Will they have the money, and willingness, to make their teams competitive?

What’s interesting, too, is that Lore and Rodriguez are buying low on the $1.5 billion deal, or whatever the final number turns out to be. Since the time of their agreement with Taylor, other NBA franchises have sold for more than twice as much.

To their credit, Lore and Rodriguez pushed for the hiring of general manager Tim Connelly in May of 2022. The trades bringing high impact starters Rudy Gobert and Mike Conley Jr. to Minneapolis have been vital to the Wolves now being counted among the elite teams in the NBA this season.

The team payroll, already expensive, could easily go into luxury tax territory for the 2024-2025 season. The Wolves will reportedly pay their two big men, Gobert and Karl-Anthony Towns, over $90 million as they look at an expected NBA luxury tax threshold of perhaps $172 million for the entire team. If the Wolves earn a Western Conference title—or, gulp—an NBA championship, will ownership go beyond $172 million and pay the resulting financial penalty?

Such success followed by financial trimming would disappoint a fan base that has witnessed a lot of struggles in over 30 years of Wolves basketball. The team has never won a Western Conference title and advanced to the Finals. The Lynx, operating on a modest business model in the startup WNBA, have won four league titles since Taylor started the franchise in 1999 partially because he wanted to be supportive of women’s basketball. Many years he has operated both the Lynx and Wolves when they have lost money. He was instrumental in stepping forward in 1994 to end speculation the Wolves might relocate, buying the franchise from original owners Marv Wolfenson and Harvey Ratner.

The Wolves are competing in a league with wealthy owners including Steve Ballmer from the Clippers, worth an estimated $100 billion-plus. Front Office Sports, working off data from Forbes, listed the 20 richest owners in American sports late last year. Included from the NBA were Dan Gilbert of the Cavs at $21.3 billion; Stan Kroenke, Nuggets, $14.6 billion; Jimmy Haslam, Bucks, $8.7 billion; Robert Pera, Grizzlies, $8.3 billion; Tom Gores, Pistons, $8.1 billion; Antony Resler, Hawks, $8.1 billion; Tilman Fertitta, Rockets, $8 billion. Lore’s estimated net worth is over $4 billion, with fellow businessman and ex-baseball star Rodriguez purportedly at $350 million.

And there is more money coming into the league. TV celebrity and Mavericks owner Mark Cuban has sold the majority share of his franchise to casino magnate Miriam Adelson at a reported price of $3.5 billion. Cuban is on record about a future where he sees NBA owners, at least the savvier and more fortunate, tying themselves to real estate endeavors. Cuban envisions a new arena in Dallas being part of a casino-resort complex that creates significant revenue streams beyond basketball.

There is a “keep up with the Joneses’” push in the NBA that includes Ballmer’s soon to open privately financed $1 billion-plus arena in Inglewood, California. The state-of-the-art Chase Center in San Francisco opened in 2019 and is home to the Warriors and is also privately financed. Reported cost was $1.4 billion.

The Wolves’ home, Target Center, is the second oldest in the NBA. Lore and Rodriguez are on record about their interest in a new home for their teams. The Wolves’ lease at the Minneapolis owned facility reportedly expires in 2035.

The push for a new arena and location could go in a couple of directions if it goes anywhere at all. While Wolves ownership probably contributes money to a new building, the safe assumption is public financing will aggressively be lobbied for. The easiest sell to law makers might be if a municipality and the state worked with the Wolves on a new arena tied to a casino gambling complex.

With the state apparently nearing the approval of sports wagering as is already in place in neighboring states, gambling expansion is on the horizon. That could tie to arena development in the suburbs or downtown.

As the commerce heart of the region, urban planners have known for decades it’s important to have an economically viable downtown Minneapolis. To take the teams out of Minneapolis would be a “political basketball” in the public and law-making domains. However, native American sovereignty over gambling in the state will be another hot issue if it’s decided to tie a casino to a new NBA arena.

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Owner Made Voice Heard on Wolves Technical Fouls

Posted on December 12, 2023December 16, 2023 by David Shama

Timberwolves owner Glen Taylor often wasn’t happy with his underachieving team last season and among the annoyances were too many technical fouls. The Wolves led the NBA in technicals per game (0.7, Teamrankings.com), and had issues with flagrant fouls and ejections. Taylor spoke up about the mess during the offseason.

“Yeah, that was an issue and the coach (Chris Finch) and I talked about it this summer that we had to get that cut down,” Taylor told Sports Headliners. “And my point to him (was) that I think it starts with the coaches. That it’s what they (coaches and players) say to the refs, how they say it to the refs, what the refs expect.

“I said that I don’t think we’ll ever become a championship team unless we cut down the technicals. I…(said) I think the process just doesn’t work that way.

“And by fall I talked to the coach about it again and he said he had taken the time during the summer to address it with the players. And I said when I have my business of basketball meeting with the players—I do every year—did he mind if I brought it up again directly to the players?

“That I just thought it’s something that sets us back, our relationship with the refs, when we complain too much…and things like that, and we should think (about the problem). And everybody was very receptive. I think they all understood it.

“They sounded like they agreed with the coach and myself that it had to be something everybody would work on and try to cut it back. And I think so far—we’re a fourth of the way through the season—I think they’ve done a good job.”

The message got through and the Wolves this season no longer rank among the leaders in team technical fouls per game (Teamrankings.com). This is a more disciplined team on the court and that has contributed to an NBA best 17-5 record. Six of the wins have been by fewer than 10 points, results where the absence of technical fouls for misbehavior can impact the outcome of games.

Taylor, the Mankato-based billionaire, knew from his other businesses that leadership sets the tone for organizations. He made it clear to the well-respected Finch (Western Conference Coach of the Month October-November) that “you gotta make it very clear what your expectations are.” He encouraged Finch not to hold back in delivering the message and point out how arguing with the referees “over every play” was holding back team success.

In the past star forward Karl-Anthony Towns has too often let his emotions get the best of him and been a poster boy for whining to the officials. It’s a new KAT this season with improved body language, gestures and facial expressions.

“I would give that credit, most of that credit, to the coach,” Taylor said. “The coach has spent lots of time with KAT with film and looking over what he is doing and how he can adjust and how he can be a better teammate, not just score himself. And I think he has taken it to heart, and I think it has showed up.”

The Wolves, who did finish strong in a playoff series loss to the eventual NBA champion Nuggets, had a 42-20 regular season record in 2022-2023 after being 46-40 the season prior. More had been expected of a team that acquired All-NBA defensive center Rudy Gobert in the summer of 2022. But learning to play with Gobert, a long absence by KAT because of a persistent calf injury, and other issues, wrecked expectations.

The Gobert experiment (giving up a boatload of players and future draft picks) has become a success this season with the 11-year veteran anchoring a Wolves inside defense that’s among the most formidable in the league. He’s been an elite rebounder, too, including last week when he had consecutive 20 rebound games. Taylor sees a Gobert who is in better shape than last year, with more quickness and “spring to his step.”

Mr. Clutch for the Wolves has been 36-year-old point guard Mike Conley whose poise and experience late in games helps deliver big plays and shots. Taylor said the Wolves have known about Conley’s personal reputation of being a high-quality individual since he was at Ohio State.

It wasn’t until last winter, though, that new general manager Tim Connelly made a trade bringing him to the Wolves from the Jazz. Connelly has made moves to upgrade the roster, although during much of last season the acquisition of Gobert looked like a dud and was criticized across the country.

Taylor points out that it’s not only Gobert who has impacted the team but the acquisitions also of Nickeil Alexander-Walker and Troy Brown have played key roles. Alexander-Walker has been starting most of the season for the injured Jaden McDaniels, perhaps the team’s best perimeter defender. Brown has made contributions off the bench and starting games recently when team scoring leader Anthony Edwards was injured.

Taylor was asked about the future of Target Center, the Timberwolves home and second oldest arena in the NBA. Minnesota Wild owner Craig Leipold has reportedly met with government officials about renovations to Xcel Energy Center which opened in 2000 and is home to the state’s NHL team. Taylor is selling majority control of the Wolves to Marc Lore and Alex Rodriquez. He sees them taking the leadership on the arena situation.

“Well, the way I’ve handled it so far is I’d told both Alex and Marc this is something they’ve got to get on,” Taylor said. “Get organized and understand how they’re going to go about it. Come up with a plan and start presenting it to the leadership throughout the community.

“ …You gotta persuade people to participate and share in costs and get people to agree. Will it be fix up this one? Or will it be something new? Or whatever it can be?”

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Owner Agrees Wolves Are Anthony Edwards Led Team

Posted on October 24, 2023October 24, 2023 by David Shama

The Timberwolves open the regular season Wednesday night in Toronto against the Raptors and Sports Headliners recently interviewed Minnesota owner Glen Taylor about multiple topics including team leadership, expectations, and progress on selling majority control of the franchise.

Does the longtime owner agree with public perception that 22-year-old guard Anthony Edwards, about to start his fourth NBA season, is now the team leader? “The answer is yes to your question,” said the Mankato-based businessman who purchased the franchise in 1994.

Edwards, one of the most athletic and gifted players in the NBA, is on track to supplant forward-center Karl-Anthony Towns as the face of the franchise. In the last three seasons Edwards has increased his basketball wisdom while improving season scoring averages from 19.3 to 21.3 to 24.6. Presumably he will be asked to make the biggest of plays late in games to decide outcomes, while also excelling at playmaking and defense.

The maturation of Edwards was evident this summer when he played for the U.S. Men’s FIBA World’s team. He led the U.S. in scoring at 18.9 points per game and minutes (25.9) as the Americans placed fourth in the tournament. He also averaged 4.6 rebounds, 2.8 assists and 1.1 steals.

The lead role is expected to fall on Edwards, despite the greater experience of Towns, entering his ninth NBA season, and center Rudy Gobert, starting his 11^th. Both veterans earn roughly four times the salary of Edwards at $9.2 million, per ESPN.com.

Taylor’s expectations are for his players to excel this season, including the team’s two other starters, forward Jaden McDaniels and guard Mike Conley, Jr. “We should be one of the elite teams,” Taylor said after being told The Athletic predicts the Wolves will finish in a tie for third in the Western Conference.

“We have the guys (the talent),” Taylor said. “The other thing is it just appears watching them play the five preseason games that we are different this year. That the guys are more in tune. They’re playing really competitive ball right from the very beginning.

“Where in the previous years in the preseason we were always a little sloppy. We looked like we weren’t quite ready and stuff like that. And if we can just kind of keep playing…like we played in the preseason, we’ll get off to a good start. There’s no reason we can’t keep going, and then it gets down to injuries (determining wins and losses).”

Taylor is told that as a group the team came to training camp in better shape physically and with conditioning, and more prepared mentally. It appears, too, there is motivation to perform better after last season’s disappointing 42-40 record and eighth place finish in the Western Conference that was impacted by injuries.

Taylor decided in 2021 to sell the Wolves and Lynx franchises for $1.5 billion by the end of 2023, eventually giving majority control to Marc Lore and Alex Rodriguez. Two payments have been made so far and it’s been an unusual installment plan for buying a professional sports franchise.

Lore and Rodriguez have apparently been financially challenged to raise the capital needed for majority ownership (Taylor will retain a minority interest). The final payment is due in December but apparently will be stretched out further, with Taylor’s approval. “I cannot see them getting it done at the end of December,” Taylor said.

Taylor hasn’t been in touch with Lore and Rodrguez for some time. “I am assuming the guys will get it done, but I have no knowledge. They don’t share anything with me so I can only assume they’ll get it done. I don’t know anything more than (when) we talked about a month ago or something like that.”

Danielle Hunter Trade Looking Less Likely by Vikings

An NFL insider thinks it’s possible the Vikings could trade sack master Danielle Hunter prior to the league trade deadline October 31 but questions the wisdom of such a move. A deal with a team like the Jaguars might fetch a first-round draft choice for the Vikings who could then have two picks in the 2024 NFL Draft and leverage their draft capital to select a coveted quarterback.

The former executive with NFL teams said a few days ago that perhaps making it more likely Minnesota hangs on to its talented pass rusher would be if the then 2-4 Vikings split their next two games. Well, the Vikings took care of the 49ers Monday night with a 22-17 win, moving their record to 3-4. Next up are the 2-4 Packers, October 29 in Green Bay.

A 3-5 record, or 4-4, with a friendly schedule ahead could well have Vikings management thinking of competing for a place in the playoffs. At 2-6 the outlook would have been more discouraging for sure and conducive to strategizing for the future.

Danielle Hunter image courtesy of Minnesota Vikings.

When healthy, Hunter has been a proven talent during his eight-year career as a defensive end and outside linebacker. “I don’t think they will trade Hunter,” the source said while speaking anonymously. “Why would you do that? He leads the league in sacks (nine). He’s only 28 years old. …He’s proven he can stay healthy the last couple years. Without him their pass rush is nothing—as far as the front people, without a blitz. He’s their best player on defense. Those pass rushers don’t come easily.

“I think it’s just been ridiculous speculation that they would trade him. Now if they lose to San Francisco and Green Bay, they’re sitting at 2-6, then they might reconsider if they could get a first-round pick. But I don’t think they’re going to do it without a first-round pick. …”

Hunter, who turns 29 on October 29, is on a one-year deal in 2023 and likely will be looking for $20 million per season or more on his next contract. That could give a potential trade partner pause if that franchise has serious salary cap issues.

Before signing his one-year deal Hunter wasn’t happy with his contractual situation and appeared willing to leave Minnesota. His new contract reportedly can pay him up to $20 million. Perhaps adding to Hunter’s happiness barometer is that he’s experienced how effective he can be in the new defensive system of first-year coordinator Brian Flores.

“…I don’t think he’s anxious to get out of here,” the authority said.

Gophers Football Notes

After the Gophers’ win over the Hawkeyes Saturday the team bused home and later coach P.J. Fleck and wife Heather toasted Minnesota’s first win in Iowa City since 1999 by having a “teeny bit” of bourbon from a bottle the coach had been saving for a first victory over Iowa, having lost six straight since he became Gopher coach.

Redshirt sophomore linebacker Devon Williams has been improving dramatically and caused an Iowa fumble in the upset win Saturday. Fleck described Williams’ performance as one of the best by a linebacker he’s seen since taking over at Minnesota in 2017.

Top running backs Darius Taylor and Zach Evans didn’t finish the Iowa game because of apparent injuries. Fleck said he hopes to have one of them “in the mix” for Saturday’s home game with Michigan State.

Starting linebacker Cody Lindenberg has yet to play in seven games because of a leg injury. Fleck said it’s possible Lindenberg could play in four games and receive a redshirt season as allowed by NCAA rules.

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