April
12A-Rod, Lore eyed Wolves payroll cuts, concerning Taylor
As part of a failed process to assume majority ownership, Minnesota Timberwolves minority partners Marc Lore and Alex Rodriguez submitted financial projections forecasting a sizable retreat in roster payroll that majority owner Glen Taylor considered would jeopardize the franchise’s ability to compete for a championship, sources told ESPN. In documents shared with Taylor, the NBA and The Carlyle Group, a private equity firm, Lore and Rodriguez rendered a budget projection as potential majority owners that would’ve lowered the Timberwolves’ payroll to $171 million starting next season — below the projected $172 million luxury tax threshold, sources told ESPN. The Timberwolves would’ve gone […]
