Taylor has agreed to sell 100% of the Minnesota Timberwolves to Mark Lore and Alex Rodriguez for the $1.5 billion franchise valuation agreed to in 2021, a story broken by Shams Charania and Brian Windhorst of ESPN and confirmed by multiple other reporters since.

Marc Lore and Alex Rodriguez have an agreement in place with Glen Taylor for the transfer of ownership of the NBA’s Minnesota Timberwolves and WNBA’s Lynx, a team source confirmed Wednesday.

The yearslong quest by Marc Lore and Alex Rodriguez to acquire control of the Minnesota Timberwolves seems to finally be in the home stretch, after current owner Glen Taylor opted not to appeal an arbitration panel’s ruling that he must go forward with the $1.