Glen Taylor has long sought local buyers for the Minnesota Timberwolves, but he hasn't had any success on that front. Taylor is hoping the next ownership group of the Wolves will keep the team in Minnesota.

Taylor's explored putting language into any agreement that would include steep financial penalties for moving the franchise. But it remains unclear how effective that type of language would actually be in tying the Wolves to Minnesota. 

Taylor, at 79, views the Wolves and Lynx as part of the legacy he will leave behind long after he is gone.

The Wolves' lease at Target Center runs through 2035, but it contains a buyout that costs just $50 million and would be considered affordable for a group motivated to relocate.