BREAKING: Timberwolves restructure with Tim Connelly

[Klomp]

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[karch34]

Great news! Also makes me think Connelly is very smart not cleaving to one ownership group or another.

[shrink]

Wrote this on another board. I’m sure it won’t be well-received by several Wolves posters.

Lore and AROD recruited and brought him in, so guessing he wants the ownership situation clarified before he decides to commit or leave.

Taylor keeps control, he leaves.
Arod/Lore take over, he happily stays.

I think that most people have that backwards, thinking like fans and not a GM. If you’re a GM, what are the two most important things you’d want in an owner?

1. Money. Taylor definitely has a big advantage here. He’s the richest man in Minnesota, and in his ‘80’s, he’s likely to continue to spend. Historically, he has consistently gone into the lux in those rare times MIN has had a good team, and even a few times when the Wolves have been bad, and he’s the guy who spent so much on a contract that the league instituted max deal language into the CBA. Connelly has seen him approve all the spending on extensions and the Gobert trade that has made MIN very expensive, and it’s been mostly his own dollars with majority ownership of the team. Taylor even agreed to pay Connelly’s contract, that was already very expensive compared to other GM’s in the league. On the other hand, most national media has questioned the financial resources of ARod and Lore since Day One. What’s going to happen when they are spending their own money, and not Taylor’s? Moreover, when forced to present their financial plan to their creditors and the other 29 owners to be approved to become a new owner, their plan would cut payroll so deeply they wouldn’t even pay the lux, let alone the first or second apron.

https://www.espn.com/nba/story/_/id/39915638/alex-rodriguez-marc-lore-planned-timberwolves-roster-payroll-cuts-concerning-glen-taylor

2. Autonomy. If you’re a GM, you don’t want your owners kibbitzing your decisions, and shooting down your plans. Taylor has a long history of empowering his GM’s to make their own decisions - and for MIN fans, he has given previous GM’s too long a rope, even when those GM’s were making bad decisions. Connelly has already gotten a taste of that autonomy firsthand from Taylor. When Tim Connelly presented Taylor with the Gobert trade, he was very skeptical like most of us, because of the financial cost and all the picks, but he trusted Connelly and agreed regardless. Every time Connelly has asked Taylor for money to extend a player, again, he’s agreed. As for ARod and Lore, we don’t know. The two have reportedly been involved in getting Connelly to make a big splash trade when they became minority owners, but what happens when they disagree with what Connelly wants to do? And again, their proposed plan to cut salary and break up the championship-level team would make any GM question whether this is a good group of owners to be working for going forward, when it’s their money.

Many GM’s around the league have to work for an owner that are a problem in these two core issues. As a fan, I can understand people wanting Taylor out (man, can I!), but if you’ve been Taylor’s GM for the past 30 years, it’s been a pretty cushy job.

[MNRunLeft]

Idk if I agree on the Taylor vs Lore/Arod read…. On the $ front Taylor is worth an estimated $2.8 billion vs $3.3 billion for Lore, now Lore given his age is leveraging that $ more than Glen so might not be willing to focus it towards the team but don’t think it’s known either way.

In terms of autonomy it’s not as if Glen hasn’t gotten overly involved at points and while he certainly can’t be as active given his age he also hasn’t been all that open minded given rumors were he didn’t think Connelly would even come to MN and don’t believe he was a big supporter of the Gobert trade (but could be wrong). While Lore and more specifically Arod might want to be more involved it also seems like their visions align more closely to Connelly and doesn’t seem as if he’s been hampered from shaping the team as he’s seen fit to this point.

[Note30]

Idk if I agree on the Taylor vs Lore/Arod read…. On the $ front Taylor is worth an estimated $2.8 billion vs $3.3 billion for Lore, now Lore given his age is leveraging that $ more than Glen so might not be willing to focus it towards the team but don’t think it’s known either way.

In terms of autonomy it’s not as if Glen hasn’t gotten overly involved at points and while he certainly can’t be as active given his age he also hasn’t been all that open minded given rumors were he didn’t think Connelly would even come to MN and don’t believe he was a big supporter of the Gobert trade (but could be wrong). While Lore and more specifically Arod might want to be more involved it also seems like their visions align more closely to Connelly and doesn’t seem as if he’s been hampered from shaping the team as he’s seen fit to this point.

Lore and Co. couldn't even make the payments to buy the team themselves, what makes you think they have extra cash to burn?

FWIW, I don't really care so long as one of the two groups can spend the money to keep the team going.

[thinktank]

Idk if I agree on the Taylor vs Lore/Arod read…. On the $ front Taylor is worth an estimated $2.8 billion vs $3.3 billion for Lore, now Lore given his age is leveraging that $ more than Glen so might not be willing to focus it towards the team but don’t think it’s known either way.

In terms of autonomy it’s not as if Glen hasn’t gotten overly involved at points and while he certainly can’t be as active given his age he also hasn’t been all that open minded given rumors were he didn’t think Connelly would even come to MN and don’t believe he was a big supporter of the Gobert trade (but could be wrong). While Lore and more specifically Arod might want to be more involved it also seems like their visions align more closely to Connelly and doesn’t seem as if he’s been hampered from shaping the team as he’s seen fit to this point.

Lore and Co. couldn't even make the payments to buy the team themselves, what makes you think they have extra cash to burn?

FWIW, I don't really care so long as one of the two groups can spend the money to keep the team going.

Just because Lore didn’t doesn’t mean he couldn’t.

I just saw a Lore quote where he said he’s made hundreds of millions since the purchase agreement was signed. That make sense because the market went way up over the past 3 years.

[Note30]

Idk if I agree on the Taylor vs Lore/Arod read…. On the $ front Taylor is worth an estimated $2.8 billion vs $3.3 billion for Lore, now Lore given his age is leveraging that $ more than Glen so might not be willing to focus it towards the team but don’t think it’s known either way.

In terms of autonomy it’s not as if Glen hasn’t gotten overly involved at points and while he certainly can’t be as active given his age he also hasn’t been all that open minded given rumors were he didn’t think Connelly would even come to MN and don’t believe he was a big supporter of the Gobert trade (but could be wrong). While Lore and more specifically Arod might want to be more involved it also seems like their visions align more closely to Connelly and doesn’t seem as if he’s been hampered from shaping the team as he’s seen fit to this point.

Lore and Co. couldn't even make the payments to buy the team themselves, what makes you think they have extra cash to burn?

FWIW, I don't really care so long as one of the two groups can spend the money to keep the team going.

Just because Lore didn’t doesn’t mean he couldn’t.

I just saw a Lore quote where he said he’s made hundreds of millions since the purchase agreement was signed. That make sense because the market went way up over the past 3 years.

My point is he cheaped out to buy the team doubt he's investing more money into. NBA teams all gain value over the years.

He could just play the sit and wait game.

[thinktank]

Lore and Co. couldn't even make the payments to buy the team themselves, what makes you think they have extra cash to burn?

FWIW, I don't really care so long as one of the two groups can spend the money to keep the team going.

Just because Lore didn’t doesn’t mean he couldn’t.

I just saw a Lore quote where he said he’s made hundreds of millions since the purchase agreement was signed. That make sense because the market went way up over the past 3 years.

My point is he cheaped out to buy the team doubt he's investing more money into. NBA teams all gain value over the years.

He could just play the sit and wait game.

And I’m just pointing out that your doubts are not facts. Doubts are feelings.

[Note30]

Just because Lore didn’t doesn’t mean he couldn’t.

I just saw a Lore quote where he said he’s made hundreds of millions since the purchase agreement was signed. That make sense because the market went way up over the past 3 years.

My point is he cheaped out to buy the team doubt he's investing more money into. NBA teams all gain value over the years.

He could just play the sit and wait game.

And I’m just pointing out that your doubts are not facts. Doubts are feelings.

It is a fact they didn't have the money to buy the team, PE groups didn't want to make the deal with them. That's not a doubt that's a fact.

[thinktank]

My point is he cheaped out to buy the team doubt he's investing more money into. NBA teams all gain value over the years.

He could just play the sit and wait game.

And I’m just pointing out that your doubts are not facts. Doubts are feelings.

It is a fact they didn't have the money to buy the team, PE groups didn't want to make the deal with them. That's not a doubt that's a fact.

False. That’s not a fact. One PE group didn’t and one PE group did. If that was a fact, this thing wouldn’t still be alive and disputed.

We’re back to “show me Lore’s bottom line”. If all you have is Fortune magazine then I just have to

[shrink]

Idk if I agree on the Taylor vs Lore/Arod read…. On the $ front Taylor is worth an estimated $2.8 billion vs $3.3 billion for Lore

Whee did you get that $3.3 bil figure?

[Note30]

And I’m just pointing out that your doubts are not facts. Doubts are feelings.

It is a fact they didn't have the money to buy the team, PE groups didn't want to make the deal with them. That's not a doubt that's a fact.

False. That’s not a fact. One PE group didn’t and one PE group did. If that was a fact, this thing wouldn’t still be alive and disputed.

We’re back to “show me Lore’s bottom line”. If all you have is Fortune magazine then I just have to

It absolutely is a fact that they did not have the money and missed the deadline. It's literally why this discussion is going.

As for the PE groups, the reality is the investment wasn't made, whether they want to or not, or the terms weren't favorable or they couldn't decide on the color of the pen they used to sign the deal and thats why it fell apart is irrelevant.

They do not have the money or want to put up more assets to cover the purchase of the team, they missed the deadline, and the deals they were trying the make happen fell apart.

I'm not sure why you arguing this.

[thinktank]

It is a fact they didn't have the money to buy the team, PE groups didn't want to make the deal with them. That's not a doubt that's a fact.

False. That’s not a fact. One PE group didn’t and one PE group did. If that was a fact, this thing wouldn’t still be alive and disputed.

We’re back to “show me Lore’s bottom line”. If all you have is Fortune magazine then I just have to

It absolutely is a fact that they did not have the money and missed the deadline. It's literally why this discussion is going.

As for the PE groups, the reality is the investment wasn't made, whether they want to or not, or the terms weren't favorable or they couldn't decide on the color of the pen they used to sign the deal and thats why it fell apart is irrelevant.

They do not have the money or want to put up more assets to cover the purchase of the team, they missed the deadline, and the deals they were trying the make happen fell apart.

I'm not sure why you arguing this.

I’m definitely not going to argue with you further, as I think you’re making a lot of unfounded assumptions. Taylor thinks the deal is dead, the other party doesn’t. It’s up to lawyers now, not you or me.

[Note30]

False. That’s not a fact. One PE group didn’t and one PE group did. If that was a fact, this thing wouldn’t still be alive and disputed.

We’re back to “show me Lore’s bottom line”. If all you have is Fortune magazine then I just have to

It absolutely is a fact that they did not have the money and missed the deadline. It's literally why this discussion is going.

As for the PE groups, the reality is the investment wasn't made, whether they want to or not, or the terms weren't favorable or they couldn't decide on the color of the pen they used to sign the deal and thats why it fell apart is irrelevant.

They do not have the money or want to put up more assets to cover the purchase of the team, they missed the deadline, and the deals they were trying the make happen fell apart.

I'm not sure why you arguing this.

I’m definitely not going to argue with you further, as I think you’re making a lot of unfounded assumptions.

Where is the assumption? They missed the deadline to come up with the money. They either don't have it, or weren't willing to put up more assets, and the deals fell through (this whole part is irrelevant).

It's not like they forgot to setup autopay on a credit card bill, this was an active thing they were working on as reported by multiple sources.

[BlacJacMac]

It is a fact they didn't have the money to buy the team, PE groups didn't want to make the deal with them. That's not a doubt that's a fact.

False. That’s not a fact. One PE group didn’t and one PE group did. If that was a fact, this thing wouldn’t still be alive and disputed.

We’re back to “show me Lore’s bottom line”. If all you have is Fortune magazine then I just have to

It absolutely is a fact that they did not have the money and missed the deadline. It's literally why this discussion is going.

As for the PE groups, the reality is the investment wasn't made, whether they want to or not, or the terms weren't favorable or they couldn't decide on the color of the pen they used to sign the deal and thats why it fell apart is irrelevant.

They do not have the money or want to put up more assets to cover the purchase of the team, they missed the deadline, and the deals they were trying the make happen fell apart.

I'm not sure why you arguing this.

According to Glen they missed the deadline. According to Lore and ARod they did not.

I think this is a really good video:

Watch on YouTube

;ab_channel=JoePompliano

[thinktank]

It absolutely is a fact that they did not have the money and missed the deadline. It's literally why this discussion is going.

As for the PE groups, the reality is the investment wasn't made, whether they want to or not, or the terms weren't favorable or they couldn't decide on the color of the pen they used to sign the deal and thats why it fell apart is irrelevant.

They do not have the money or want to put up more assets to cover the purchase of the team, they missed the deadline, and the deals they were trying the make happen fell apart.

I'm not sure why you arguing this.

I’m definitely not going to argue with you further, as I think you’re making a lot of unfounded assumptions.

Where is the assumption? They missed the deadline to come up with the money. They either don't have it, or weren't willing to put up more assets, and the deals fell through (this whole part is irrelevant).

It's not like they forgot to setup autopay on a credit card bill, this was an active thing they were working on as reported by multiple sources.

I just said I’m not going to argue with you!

[Klomp]

Where is the assumption? They missed the deadline to come up with the money. They either don't have it, or weren't willing to put up more assets, and the deals fell through (this whole part is irrelevant).

It's not like they forgot to setup autopay on a credit card bill, this was an active thing they were working on as reported by multiple sources.

There was a 60/90 day extension in there. They didn't miss the deadline.

[frankenwolf]

It absolutely is a fact that they did not have the money and missed the deadline. It's literally why this discussion is going.

As for the PE groups, the reality is the investment wasn't made, whether they want to or not, or the terms weren't favorable or they couldn't decide on the color of the pen they used to sign the deal and thats why it fell apart is irrelevant.

They do not have the money or want to put up more assets to cover the purchase of the team, they missed the deadline, and the deals they were trying the make happen fell apart.

I'm not sure why you arguing this.

I’m definitely not going to argue with you further, as I think you’re making a lot of unfounded assumptions.

Where is the assumption? They missed the deadline to come up with the money. They either don't have it, or weren't willing to put up more assets, and the deals fell through (this whole part is irrelevant).

It's not like they forgot to setup autopay on a credit card bill, this was an active thing they were working on as reported by multiple sources.

According to them, ALore had everything in place and had submitted the paperwork to the league, but Glen says it was past the deadline to make the payment and ALore says the paperwork submittal extended the deadline.

This is definitely lawyer territory.

[Note30]

False. That’s not a fact. One PE group didn’t and one PE group did. If that was a fact, this thing wouldn’t still be alive and disputed.

We’re back to “show me Lore’s bottom line”. If all you have is Fortune magazine then I just have to

It absolutely is a fact that they did not have the money and missed the deadline. It's literally why this discussion is going.

As for the PE groups, the reality is the investment wasn't made, whether they want to or not, or the terms weren't favorable or they couldn't decide on the color of the pen they used to sign the deal and thats why it fell apart is irrelevant.

They do not have the money or want to put up more assets to cover the purchase of the team, they missed the deadline, and the deals they were trying the make happen fell apart.

I'm not sure why you arguing this.

According to Glen they missed the deadline. According to Lore and ARod they did not.

I think this is a really good video:

Watch on YouTube

;ab_channel=JoePompliano

Great video thanks. Just watched the whole thing. Seems like all of this means Taylor is just being a colossal dick.