HoopsHype.com Rumors

Sources confirm to 1500ESPN.com that, in addition to taking over the front office, former coach Flip Saunders will invest approximately $8 million in the Wolves. Saunders remains close with Wolves' director of operations, Rob Babcock, who's expected to stay on. Look for Saunders to hire his son, Ryan, from Washington. 1500 ESPN

Minnesota Timberwolves, Owners, Flip Saunders, Ryan Saunders, Rob Babcock 

Sean Deveney: #Timberwolves Flip Saunders on Rick Adelman: "He's our coach. I do expect him to be back." Twitter @SeanDeveney

Minnesota Timberwolves, Coaching, Flip Saunders, Rick Adelman 

Saunders said he’s talked to Adelman and he expects him to be back as coach. “I don’t think there are many organizations that can say they have two people associated that have combined for 1,600 wins,” Saunders said. Minneapolis Star-Tribune

Minnesota Timberwolves, Coaching, Flip Saunders, Rick Adelman 

Steve Aschburner: Flip in non-denial denial -- again -- on "Are you done coaching?" FS: "Right now Rick is our coach..." Better firm that up, Wolves. Twitter @AschNBA

Minnesota Timberwolves, Coaching, Flip Saunders, Rick Adelman 

Eight years after being fired as Timberwolves head coach, Flip Saunders returned to the team Friday morning when he was introduced as the new president for basketball operations. Saunders, 58, replaces David Kahn, who was fired by owner Glen Taylor on Thursday. He received a five-year contract and will also be a limited partner in the team’s ownership group, Taylor said. Minneapolis Star-Tribune

Minnesota Timberwolves, David Kahn, Owners, Flip Saunders, Glen Taylor 

Flip Saunders has officially signed a multi-year deal to become pres. of basketball ops with an ownership stake in Timberwolves. Twitter @WindhorstESPN

Minnesota Timberwolves, Owners, Flip Saunders 

Dan Barreiro: Flip Saunders confirms to me that he has signed multi-year agreement to become Pres of Bball operations, minority owner of Wolves. Twitter

Minnesota Timberwolves, Owners, Flip Saunders 

Ken Berger: With Kahn out, details on an agreement making Flip Saunders the team president are being finalized, league source says. Twitter @KBergCBS

Minnesota Timberwolves, David Kahn, Flip Saunders 

David Kahn is out as president of basketball operations for the Minnesota Timberwolves and Flip Saunders is coming in. Three people with knowledge of the situation tell The Associated Press that team owner Glen Taylor has decided not to pick up the option for next season on Kahn's contract. Taylor is also putting the finishing touches on a deal to hire Saunders as Kahn's replacement. The people spoke on the condition of anonymity because an official announcement has not been made. Oklahoman

Minnesota Timberwolves, David Kahn, Owners, Flip Saunders, Glen Taylor 

Jon Krawczynski: The new deal for Flip Saunders should be made official by Friday. Twitter

Minnesota Timberwolves, Flip Saunders 

David Kahn's contract has not been renewed and the Wolves will replace him with, as expected, former Wolves coach Flip Saunders as president of basketball operations, league sources said this afternoon. Expect the team to make the announcement later today. Minneapolis Star-Tribune

Minnesota Timberwolves, David Kahn, Flip Saunders 

President of basketball operations David Kahn is scouting in Europe, according to Taylor. Asked if it was OK to make a leap on Kahn's future based on him continuing to work, Taylor said no. When pressed if the NBA.com report about Flip Saunders taking over Kahn's duties was accurate, all Taylor would say is that no decision has been made yet. But in the same breath, Taylor said a decision would come by the end of the month. 1500 ESPN

Minnesota Timberwolves, David Kahn, Owners, Flip Saunders, Glen Taylor 

Kahn released a statement after NBA.com reported Taylor had decided to fire him and was negotiating with Flip Saunders to be the new president. Kahn said he didn't expect to meet with Taylor until after coach Rick Adelman informs the team about his plans for next season. Adelman is currently mulling returning or retiring to be with his wife Mary Kay, who suffered from seizures earlier in the season. SI.com

Minnesota Timberwolves, Coaching, David Kahn, Owners, Flip Saunders, Glen Taylor, Rick Adelman 

David Kahn just sent me a text after I called him seeking comment on today's NBA.com report that Glen Taylor is negotiating a five-year deal with Flip Saunders to replace Kahn as president of basketball operations. This is what the text said: "First, I wake up every day knowing it's a privilege to have this job, and not a right. 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. "Glen and I have an understanding that we will meet at an 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. 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 staff, free agency and other plans. Minneapolis Star-Tribune

Minnesota Timberwolves, David Kahn, Flip Saunders, Glen Taylor 

Jerry Zgoda: Flip tells KFAN "at this point, no" he hasn't been offered job. "What happens hypothetically...I have not officially been offered any job" Twitter @JerryZgoda

Minnesota Timberwolves, Flip Saunders 

ESPN NBA analyst Flip Saunders would not confirm a report that he was expected to return to the Minnesota Timberwolves as the club's next president of basketball operations. NBA.com reported that Saunders has been negotiating a contract, with option years, that could run through the 2017 -18 season and be worth more than $9 million over five full years, according to sources. "What develops right now is yet to be determined," Saunders told ESPN. ESPN.com

Minnesota Timberwolves, Flip Saunders 

Former NBA head coach Flip Saunders is expected to return to the Minnesota Timberwolves as the team’s next president of basketball operations, NBA.com has learned. NBA.com

Minnesota Timberwolves, David Kahn, Flip Saunders 

Saunders, 58, has been negotiating a contract that, with option years, could run through the 2017-18 season and could be worth more than $9 million over the full five years, according to league sources who requested anonymity because they weren’t authorized to discuss the hiring. NBA.com

Minnesota Timberwolves, David Kahn, Flip Saunders 

The move, which could become official as soon as next week, would end David Kahn‘s controversial tenure after four seasons and an 89-223 record during which the Timberwolves’ failure to reach the playoffs stretched to nine consecutive seasons. Kahn’s contract includes a team option for 2013-14 that will not be exercised. NBA.com

Minnesota Timberwolves, David Kahn, Flip Saunders 

Sources close to Saunders say that, since exiting the Wizards job, he is comfortable with the prospect of a front- office job rather than a future coaching position. Despite his firing in Minnesota in 2005, Saunders and Taylor have maintained a good relationship. NBA.com

Minnesota Timberwolves, Flip Saunders