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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.
Storyline: Nuggets Front Office

Nuggets president Tim Connelly to meet with Wolves ownership

Nuggets president Tim Connelly is heading to Minnesota this weekend as the next step in the Timberwolves’ recruitment of him, a league source confirmed to The Denver Post. Connelly, who’s overseen the Nuggets since 2013, is planning to meet with Wolves owner Glen Taylor. ESPN first reported the development. With a stable organization, a reigning two-time MVP and a place where his family is comfortable, Connelly has no reason to leave the Nuggets. The only X-factor? Compensation. It’s believed the Timberwolves’ offer is more than double his current salary. Minnesota’s interest didn’t come out of nowhere. In fact, it was discussed when Connelly, team governor Josh Kroenke and coach Michael Malone all went to Serbia to surprise Nikola Jokic with his MVP trophy. News of Minnesota’s interest in poaching Connelly from Denver got out on Wednesday. Publicly, it’s been more than 48 hours since Denver’s ownership has had a chance to counter or ensure Connelly doesn’t even listen to Minnesota’s proposal. Privately, they’ve had far longer than that.
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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.
Timberwolves majority owner Glen Taylor said Gupta would be evaluated after the season to determine if they would go forward with him or look elsewhere. The Wolves have not ruled out the possibility that Gupta will remain in charge, sources said. But the talks with Connelly represent a real consideration of hiring someone above Gupta.