Wolves owner Glen Taylor goes public about desire to sell team
Minnesota Timberwolves owner Glen Taylor has thought about selling the team in recent years, according to sources, but he didn't go public until Friday.
Following a conversation with the Associated Press, Taylor told 1500ESPN.com on Friday afternoon that he's seeking a limited partner who eventually can take over majority stake.
Taylor made it clear that his intention is to find an individual whose vision is to keep the team in Minnesota long-term. He stressed that there is no timetable for such a move, noting this process could be years away.
But Taylor has already broached the topic with NBA commissioner David Stern and said he already has talked to potential partners.
In a 15-minute conversation, the lively Taylor seemed more focused on finding the right formula for ending his team's eight year playoff drought, the longest currently in the league.
The hiring of soon-to-be 66-year-old Rick Adelman, a playoff participant in 16 of his 21 years as a head coach, will make this an uber-aggressive summer.
"When you bring in a veteran coach, we have to put together a pretty good team soon," Taylor said.
When pressed that star Kevin Love can become an unrestricted free agent on July 1, 2015, so that also could make this an important offseason, Taylor became somewhat dismissive. He was adamant this summer is about Adelman's desire to coach a winner.
"That will force (president of basketball operations) David (Kahn) and me to act accordingly," Taylor said. "David will be aggressive. ... I think we have enough flexibility. ... Money is not the problem."
What could be a problem is Kahn's continual vision years out -- he has laid out a three-year plan for Taylor -- versus Adelman's immediate desire to compete at a very high level.
Taylor was asked if the two have a disagreement, who has final say?
"I hope we don't have that situation," Taylor said. "I love them both. ... They will work together."
If he has to, Taylor said he'll settle any potential disagreement. What he wouldn't confirm is that he'll side with Adelman.
Taylor wondered aloud if such a move or moves might be easier than convincing some free agents to sign here versus other potential destinations.
But with a possible $13 million in salary cap space, money clearly is the ultimate motivating factor, Taylor didn't reject the notion that some free agent will land in Minnesota.
Taylor confirmed that he exercised the option on Kahn's contract for next year. But any decision on Kahn's option for the 2013-2014 season will come at a much later date, likely tied to the action taken this summer.
A fascinating few months, on and off the court, awaits.