Walters: KG, Flip to form group to buy team from Glen?

Post #1 » by **Klomp** » Mon Feb 23, 2015 4:09 am

The contract extension Kevin Garnett, 38, will sign with the Timberwolves this summer will be for two years. During that period, Garnett and Wolves president-coach Flip Saunders are expected to try to form a group to buy the team from Glen Taylor.

Garnett has amassed more than $325 million in salaries during 20 seasons in the NBA. Saunders, who turns 60 on Monday, has made an estimated $40 million during 17 seasons as a NBA coach.

http://www.twincities.com/timberwolves/ ... ikely-pair

Post #2 » by **Calinks** » Mon Feb 23, 2015 4:14 am

Good thing neither guy ever spent a dime of that money.

ace625214 · Post #3 » by **ace625214** » Mon Feb 23, 2015 4:20 am

Calinks wrote:Good thing neither guy ever spent a dime of that money.

I know they've spent money, but with endorsements KG has made significantly more than that. Flip won't really be much more than a figurehead at this point. They'll bring in some rich dude that likes basketball to buy 75% of the team or so.

Killboard · Post #4 » by **Killboard** » Mon Feb 23, 2015 5:21 am

I will read the article in a moment, but previously taylor was commited to sell a minor part of the team and try to sell bigger parts some time down the road.

KG should be have enough money for his personal life and buy a 1/5 or 1/4 of the team as he tries to get the group together to keep buying bigger parts from Taylor. I think I read a team can have up to 30 owners if I remember right.

Post #5 » by **Klomp** » Mon Feb 23, 2015 6:02 am

Just as a note this might not be for a while. NBA players cannot own a team.

Feilong · Post #6 » by **Feilong** » Mon Feb 23, 2015 6:35 am

Klomp wrote:Just as a note this might not be for a while. NBA players cannot own a team.

We can waive KG. Taylor will pay KG for waiving him, then KG will pay Taylor for buying the Wolves. Let the money change hands

Grits n Gravy · Post #7 » by **Grits n Gravy** » Mon Feb 23, 2015 7:08 am

Calinks wrote:Good thing neither guy ever spent a dime of that money.

Or payed taxes.

Dalvin · Post #8 » by **Dalvin** » Mon Feb 23, 2015 8:19 am

Is it just me? I was expecting the thread starter to have been cherrygrape :lol:

ace625214 · Post #9 » by **ace625214** » Mon Feb 23, 2015 6:19 pm

Dalvin wrote:Is it just me? I was expecting the thread starter to have been cherrygrape

Well obviously KG and Flip want to move the team. That goes without saying. The question is where. Flip is from Ohio and KG is from SC. Hm, maybe they could pick somewhere in between like Kentucky?

Post #10 » by **C.lupus** » Mon Feb 23, 2015 6:28 pm

I read this last night and my response was: Walters is a terrible journalist. Listing cumulative salary? Really? I've amassed about $1 million in my working life and might be able to afford a really nice TV.

T-wOlvEs 420 · Post #11 » by **T-wOlvEs 420** » Mon Feb 23, 2015 8:13 pm

Yeah right... your way too dumb to think they will move the team.. Are you serious? Lol funniest **** I heard today

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lobishome · Post #12 » by **lobishome** » Mon Feb 23, 2015 11:05 pm

Has the Minnesota Timberwolves any compromise/contract with the City of Minneapolis or the Target Center owner?

Saltine · Post #13 » by **Saltine** » Mon Feb 23, 2015 11:13 pm

From what I've read KG is worth around $200 million. No idea about Flip. They'd probably need something like $350 million to get majority ownership, I'm sure they could borrow quite a bit of that. Or bring in Oprah

ace625214 · Post #14 » by **ace625214** » Tue Feb 24, 2015 12:43 am

T-wOlvEs 420 wrote:Yeah right... your way too dumb to think they will move the team.. Are you serious? Lol funniest **** I heard today

Sent from my SM-G900T using RealGM Forums mobile app

No I'm not serious. Cherry_Grape is always posting about how Glen has schemes going that will lead to him moving the team. That's what Dalvin and I were both talking about. My post was sarcasm.

Otis · Post #15 » by **Otis** » Tue Feb 24, 2015 3:49 pm

Oprah is buds with Garnett from when KG built all those homes in New Orleans following Katrina. But those 18 homes probably cut into his 325 million. Lol

Minnesota Power · Post #16 » by **Minnesota Power** » Tue Feb 24, 2015 4:00 pm

Maybe Minnesota was a special pet project of David Stern's? Would Adam Silver block a move like David Stern did back in 1994?

http://sportspressnw.com/2148762/2013/s ... cked-a-7th
http://articles.latimes.com/1994-05-24/ ... mberwolves
http://articles.chicagotribune.com/1994 ... win-cities

Makes me all warm and fuzzy that the Timberwolves were one of the few relocations David Stern stepped in and blocked