Glen Taylor Rumors

The Timberwolves, who have a Mayo Clinic sports medicine center on site, invested in a facility that would help players and help ensure the future of NBA basketball in Minnesota as owner Glen Taylor develops his succession plan, the organization’s chief strategy and development officer Ted Johnson said. “We’re in a business where the difference between good and great can be fractions of a second, millimeters on your vertical,” Johnson said. “When you translate that into the business of our players, those differences between good and great translate into millions of dollars. We felt it was important that we demonstrate our commitment to our players.
Jon Krawczynski: Glen Taylor told Milt Newton and Sam Mitchell at the beginning of the season that he would give both of them the year in these roles and then re-evaluate it at the end of the season. He wants to see how they both respond to the increased responsibility and the moves they make. Newton did play a major role in shaping the vision of the franchise, assembling the roster and evaluating talent while Flip Saunders was still around. So he’s done a lot of the work already. Now it’s his show. And it’s up to him to show Taylor, and the new minority ownership group that is negotiating to buy 30% of the team, that he is the right man for the job going forward for the foreseeable future. That he’s already had a hand in assembling a lot of the young talent on the roster will certainly work in his favor.
Timberwolves owner Glen Taylor said Tuesday night he is proceeding toward selling 30 percent of the team to a group led by Los Angeles private-equity investor Steve Kaplan, with conditions that Kaplan — a minority owner of the Memphis Grizzlies — would buy controlling interest when Taylor eventually decides to sell the team. Taylor said he is working exclusively with Kaplan’s group, and they have reached agreement on the 30 percent minority interest and a price Taylor wouldn’t disclose.