Tim Connelly agreed to a restructured contract with the Minnesota Timberwolves this week, which defers his opt-out until the 2025 offseason.
Glen Taylor continues to make the decisions on the franchise while his legal battle with the Marc Lore/Alex Rodriguez ownership group plays out via arbitration.
All sides are open to a long-term deal once clarity on the ownership of the franchise is reached.
Taylor has informed many within the organization he is prepared to pay the luxury tax next season if he remains as controlling owner.