The pending sale of the Minnesota Timberwolves to Marc Lore and Alex Rodriguez has no contractural limitations to keep the franchise from being relocated to a new city.

The language of the sales agreement between Taylor and prospective owners Rodriguez and Lore is in contrast to Taylor's numerous public comments that the sales agreement would include a provision requiring the new group to keep the Timberwolves in Minnesota. "They will keep the team here, yes," Taylor told the (Minneapolis) Star Tribune on April 11 about the Lore and Rodriguez ownership group. "We will put it in the agreement. At this point, we have a letter of intent, but when we make up the contract, we'll put that in there. That's no problem. That won't be a problem."

Several days later, Taylor reiterated to WCCO radio in Minneapolis: "We have it in the contract. They have signed the contract to do that ..."

Taylor then said this: "But let's just say somehow they were able to break that agreement. The real agreement is with the NBA. The NBA will make the decision if somebody's going to move or not move. The NBA will not approve the Timberwolves moving from here to Seattle. It's in the NBA's interest that in Seattle a new team is formed.

"It's an economic decision that's in the interest of all the owners because if they start a new team out there, that team is going to have to pay maybe $2 billion to get started there. They pay that to the other owners. The present owners are not going to pay a billion and a half to leave it in Minnesota and another $2 billion to move it out of there. That's the assurance I have that they aren't going to move it out of there."

Meyer Orbach, the second-largest shareholder of the Wolves, filed a complaint agreeing the pending sale is in violation of the franchise's partnership agreement. The complaint cites Taylor's failure to honor the "tag-along rights" for minority investors in the franchise, which allows them to sell their interests in the teams before Taylor sells his own.

A vote of the NBA's board of governors is still required to give final approval of the sale to Lore and Rodriguez.

The Minnesota Timberwolves had a strong finish to the 20-21 season and Karl-Anthony Towns spoke during his media availability of how he would like to play his entire career with one team.

“I hope to have a career like Kobe…with one team,” said Towns. “Like Tim [Duncan] and Kobe, where it’s one team and try to bring as many championships as possible.”

“I just really am happy that I’m able to still be here playing for this amazing city and state and be able to stay here and affect change in the community,” shared Towns. “I’m just so happy that I’ve been given a chance to play here in Minnesota all these years.”

The future of Towns with the Wolves has come into question recently with the franchise missing the playoffs for three straight seasons. 

David Vanterpool and Bryan Gates will not return to the Minnesota Timberwolves next season as assistant coaches. 

The Wolves fired Ryan Saunders midseason and replaced him with Chris Finch.

Saunders had previously hired both Vanterpool and Gates. 

Anthony Edwards and R.J. Hampton have been named the NBA's Rookies of the Month for May.

Edwards averaged 27.0 points, 5.5 rebounds and 4.8 assists for the month.

Hampton averaged 16.0 points, 7.1 rebounds and 5.6 assists.

Marc Lore and Alex Rodriguez have reached agreement to purchase the Minnesota Timberwolves from Glen Taylor for $1.5 billion.

The investment group recently had their 30-day exclusive negotiation window expire, which led to speculation that the team could begin to receive bids from rival bidders.

Lore and Rodriguez are equal 50-50 partners in the purchase. 

While the 30-day exclusive negotiating window to purchase the Minnesota Timberwolves from Glen Taylor has expired, Mark Lore remains optimistic that a deal will be reached.

Lore told Bloomberg that the talks with Taylor are “ongoing, and going well,” adding that “we’re getting close to the finish line.”

Lore is partnering with Alex Rodriguez on the deal.

Lore and Rodriguez are also forming a venture capital firm called Vision/Capital/People, or VCP. The VC is launching with $50 million of the pair's own money and could eventually raise $300 million to $500 million. 

Arron Afflalo plans to renew his attempt to purchase the Minnesota Timberwolves now that an exclusive window of negotiation with another group has expired.

Glen Taylor announced on April 10th that he intended to sell the franchise to a group headed by Mark Lore and Alex Rodriguez.

Taylor previously had a similar window of exclusivity with Daniel Straus and similarly expired without a deal.

Marc Lore and Alex Rodriguez have concluded their 30-day exclusive negotiating window to purchase the Minnesota Timberwolves without a formal deal. Both sides are continuing to negotiate in good faith to reach a deal and could possibly extend the exclusive window. 

Glen Taylor announced on April 10 he intended to sell the team to Lore and Rodriguez after meetings over the previous week.

The purchase price was expected to be around $1.5 billion including debt. Part of the talks over the last month have been centered on a guarantee that Taylor would transfer controlling ownership by a certain date.

Taylor previously had an exclusive negotiating window to sell the team to Daniel Straus before those talks broke down. 

The team has a lease at the Target Center through 2035 but the buyout is just $50 million.

Anthony Edwards and Malachi Flynn have been named the NBA's Rookies of the Month for April.

Edwards averaged 21.6 points, 5.1 rebounds and 3.3 assists for the month.

Flynn averaged 12.7 points, 4.8 assists and 4.1 rebounds for the month.