The transaction provides Mr. Tsai an option to acquire …

The transaction provides Mr. Tsai an option to acquire further shares in 2021 and, if exercised, become the controlling owner of the team. The announced share sale does not include Barclays Center, which will continue to be wholly owned by Onexim Sports and Entertainment. The NBA Board of Governors unanimously approved the transaction.
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September 19, 2018 | 2:37 pm EDT Update
Butler and Thibodeau met on Tuesday in Los Angeles to discuss his situation, according to multiple sources. Over the last several weeks, Butler began to seriously contemplate his future with the Timberwolves and a potential trade request, league sources said. It was in that meeting that Butler expressed a desire to be traded, telling Thibodeau that he does not intend to sign a long-term extension with the Wolves next summer. He has provided a list of one to three teams with which he would be open to signing a long-term deal, sources said.
September 19, 2018 | 2:23 pm EDT Update
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