The deal is a five-year, $40 million contract plus a kicker for equity, multiple sources told The Athletic, a rare package for an executive. Connelly met with Timberwolves minority owners Marc Lore and Alex Rodriguez in recent days and then flew to Minnesota on Saturday to meet majority owner Glen Taylor for the final step toward becoming the new president of basketball operations for the Wolves.
Alex Rodriguez Rumors
Denver Nuggets president of basketball operations Tim Connelly is traveling to meet with Minnesota Timberwolves owner Glen Taylor this weekend in the next step in the team’s pursuit to hire Connelly and make him one of the NBA’s highest-compensated executives, sources told ESPN. Connelly has discussed the job extensively with Timberwolves minority owners Marc Lore and Alex Rodriguez in the past week, and meeting with Taylor is next in the process, sources said.
Chris Hine: Connelly and Timberwolves inching closer to a deal. Marc Lore and Alex Rodriguez have had significant influence over the process, but Glen Taylor as current controlling owner still has the final sign off on any deal.
Alex Rodriguez invests in mixed martial arts company
Alex Rodriguez is betting on the growth of mixed martial arts. The former MLB star is now a partial owner of the Professional Fighters League after he contributed to a $30 million funding round, the company said Thursday. Rodriguez joined media investment firm Waverley Capital in the raise and will have a seat on PFL’s board of directors. Terms of the investment were not disclosed. This marks the second recent pro sports investment for Rodriguez. He became a co-owner of the NBA’s Minnesota Timberwolves in April 2021, joining former Walmart e-commerce executive Marc Lore to buy the franchise for a reported $1.5 billion. Through his A-Rod Corp. firm, he invests in UFC-branded gyms.
Davis called Rodriguez’s interest in PFL a “mutual attraction.” “Alex is building a business career in sports that he wants to equal his baseball career,” he said. Davis called Rodriguez “innovative in his approach to investing and building companies.” Rodriguez credited PFL’s global reach as a reason for the interest. The league says it has 600 million fans globally and PFL matches are distributed in 160 countries. “The PFL continues to build and innovate for fans, media, and fighters, and there is massive demand in the marketplace,” Rodriguez said in a statement.
Dane Moore: Marc Lore and Alex Rodriguez put together a list of five POBOs to target shortly after purchasing the Timberwolves, sources say. Originally Pat Riley was on that list. These are the most recent five names, sources say: Tim Connelly Masai Ujiri Daryl Morey Bob Myers Sam Presti
