With a report that the Minnesota Timberwolves will replace David Kahn with Flip Saunders, the former released a statement about his future with the franchise.

"First, I wake up every day knowing it's a privilege to have this job, and not a right,'' Kahn's statement read. "Speculation about our jobs is part of this business, especially when you strip the emotion out of it. Speculation is especially understandable now, as we have a deep and talented team, with several cornerstone players, and will be poised for big success once it regains its health.''

The Wolves have an 89-223 record during Kahn's four seasons as decision-maker.

"Glen and I have an understanding that we will meet at the appropriate time to discuss my contractual status, but only after we have clarification on coach Adelman's status and Glen has all the information he needs,'' Kahn said. "It is no different than when we make decisions on players who have options. We wait for the process to unfold. In the meantime, Glen and I have been having conversations about the draft, free agency and other plans."