Kevin Garnett and the Minnesota Timberwolves are in advanced discussions on a buyout.

Garnett has one season and $8 million remaining on his current contract. The belief is Garnett will elect to retire at the age of 40, joining Kobe Bryant and Tim Duncan as future Hall of Famers to make 15-16 their final season.

Glen Taylor told the Minneapolis Star Tribune that he hasn't talked to Garnett "for weeks."

"I have not talked with him at all," Taylor told the newspaper. "We have to decide, in the next couple weeks, if he's going to play or not play. I'm waiting for him. I sent him a message, told him, "I need you to make a decision.' I just haven't heard from him."

Garnett agreed to come back to the Wolves, sources say, in part because he hoped to join Saunders in eventually buying the franchise from Taylor, the longtime owner. But Garnett lost his strongest ally in the organization when Saunders died just before the start of last season, only three months after it was announced Saunders had been diagnosed with Hodgkin's lymphoma.