Minnesota ownership change in jeopardy?
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Re: Minnesota ownership change in jeopardy?
- Domejandro
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Re: Minnesota ownership change in jeopardy?
On one hand, this to me reads like Glen Taylor being a ruthless business man; he has a history of being very detail oriented with contract language.
On the other hand, Marc Lore and Alex Rodriguez have repeatedly failed to meet deadlines, and have been largely an unmitigated disaster financially, throughout this process. It’s been extremely embarrassing to see them repeatedly beg for extensions and fail their end of their obligations.
Even if Glen Taylor is being a massive dick and somewhat bad faith, the answer to avoiding this is just not missing basic deadlines, especially after extension requests.
On the other hand, Marc Lore and Alex Rodriguez have repeatedly failed to meet deadlines, and have been largely an unmitigated disaster financially, throughout this process. It’s been extremely embarrassing to see them repeatedly beg for extensions and fail their end of their obligations.
Even if Glen Taylor is being a massive dick and somewhat bad faith, the answer to avoiding this is just not missing basic deadlines, especially after extension requests.
Re: Minnesota ownership change in jeopardy?
- Chuck Everett
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Re: Minnesota ownership change in jeopardy?
Domejandro wrote:On one hand, this to me reads like Glen Taylor being a ruthless business man; he has a history of being very detail oriented with contract language.
On the other hand, Marc Lore and Alex Rodriguez have repeatedly failed to meet deadlines, and have been largely an unmitigated disaster financially, throughout this process. It’s been extremely embarrassing to see them repeatedly beg for extensions and fail their end of their obligations.
Even if Glen Taylor is being a massive dick and somewhat bad faith, the answer to avoiding this is just not missing basic deadlines, especially after extension requests.
OR...
Actually having all the money necessary to complete the purchase when you make your initial offer. That's what Mat Ishbia did. That's what Schall/Plotkin did. That's what the Adelson's did. These guys are too poor.
"Kill 'em with Grindness."
Re: Minnesota ownership change in jeopardy?
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Re: Minnesota ownership change in jeopardy?
Domejandro wrote:MemphisX wrote:Glen Taylor would have never done the Gobert deal alone.
This isn’t accurate, Glen Taylor signed off on the Jimmy Butler deal and has been a notably hands-off owner (arguably to the detriment of Minnesota).
I know it was never actually stated publicly, but I thought it was commonly believed that Taylor wouldn't let the Wolves include Wiggins in the Butler deal, costing the team Lavine and pick #7 instead?
Re: Minnesota ownership change in jeopardy?
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Re: Minnesota ownership change in jeopardy?
azcatz11 wrote:Wait - so Lore / Arod have the funds and Taylor is reneging because the team is good? IS that even legal? Or do I have this wrong?
Not exactly. ARod/Lore didn't meet certain deadlines/requirements within the agreement, which opened the door for Taylor to renege on the agreement. But it seems like if Taylor didn't change his mind, the sale would be still going forward.
Re: Minnesota ownership change in jeopardy?
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Re: Minnesota ownership change in jeopardy?
Chuck Everett wrote:Domejandro wrote:On one hand, this to me reads like Glen Taylor being a ruthless business man; he has a history of being very detail oriented with contract language.
On the other hand, Marc Lore and Alex Rodriguez have repeatedly failed to meet deadlines, and have been largely an unmitigated disaster financially, throughout this process. It’s been extremely embarrassing to see them repeatedly beg for extensions and fail their end of their obligations.
Even if Glen Taylor is being a massive dick and somewhat bad faith, the answer to avoiding this is just not missing basic deadlines, especially after extension requests.
OR...
Actually having all the money necessary to complete the purchase when you make your initial offer. That's what Mat Ishbia did. That's what Schall/Plotkin did. That's what the Adelson's did. These guys are too poor.
Taylor also seemed to have some mentorship requirement for selling the team which was weird, and I can imagine off-putting for anyone willing to make a billion dollar purchase.
Re: Minnesota ownership change in jeopardy?
- Roger Murdock
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Re: Minnesota ownership change in jeopardy?
Sealab2024 wrote:Roger Murdock wrote:The devil you know Twolves fans
An ownership group too poor to buy your team would be a downgrade. This is a good thing
You can't downgrade from the worst winning percentage in American sports. Not just basketbal, all sports.
You can do worse. A bad owner is better than a broke owner. Broke people do desperate things and short sighted things.
Re: Minnesota ownership change in jeopardy?
- ForeverTFC
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Re: Minnesota ownership change in jeopardy?
I get Minny fans are disappointed, but honestly I'm not sure having Lore/ARod as owners is much better. They don't have money.
Re: Minnesota ownership change in jeopardy?
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Re: Minnesota ownership change in jeopardy?
Roger Murdock wrote:Sealab2024 wrote:Roger Murdock wrote:The devil you know Twolves fans
An ownership group too poor to buy your team would be a downgrade. This is a good thing
You can't downgrade from the worst winning percentage in American sports. Not just basketbal, all sports.
You can do worse. A bad owner is better than a broke owner. Broke people do desperate things and short sighted things.
Well, Chris Cohan was just bad. He was "poor", though I don't know if he was broke. All we know is he owed the IRS about $160M (which prompted the sale of the Warriors). Haven't gone thru the math, but I'm pretty confident Cohan's winning % is worse than Taylor's.
He missed the playoffs 14 out of 15 years. If it wasn't for a fluky, last minute run by that We Believe team, he would've missed the playoffs in all 15 years of his ownership. Would've been the worst ownership run in NA sports if that happened. Remember, the NBA is a league where half the teams make the playoffs.
Brian Geltzeiler: You see Mark Jackson getting a head coaching job as early as next year?
Adrian Wojnarowski: Not if people make calls on him. Not if an organization is doing their homework and knows all the things he brings with him.
Adrian Wojnarowski: Not if people make calls on him. Not if an organization is doing their homework and knows all the things he brings with him.
Re: Minnesota ownership change in jeopardy?
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Re: Minnesota ownership change in jeopardy?
Wonder if the remorse is valuing the team at 1.5B, considering the Suns sold for 4B just last year.
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Re: Minnesota ownership change in jeopardy?
xdrta+ wrote:Wonder if the remorse is valuing the team at 1.5B, considering the Suns sold for 4B just last year.
Definitely wouldn't be surprised if it was a case of seller's remorse.
Brian Geltzeiler: You see Mark Jackson getting a head coaching job as early as next year?
Adrian Wojnarowski: Not if people make calls on him. Not if an organization is doing their homework and knows all the things he brings with him.
Adrian Wojnarowski: Not if people make calls on him. Not if an organization is doing their homework and knows all the things he brings with him.
Re: Minnesota ownership change in jeopardy?
- azcatz11
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Re: Minnesota ownership change in jeopardy?
xdrta+ wrote:Wonder if the remorse is valuing the team at 1.5B, considering the Suns sold for 4B just last year.
I assume a court is going to decide this.
Failure To Buy = Playoffs?
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Failure To Buy = Playoffs?
I haven't done a correlation test, but how much of the Timberwolves brief rise to the top of the standings was because of the sale to Mark Lore and Alex Rodriguez? With that deal called off, do you think Wolves might stumble into the playoffs, to the point they are an easy out? Did Taylor just ruin the Wolves's shot at a deep run?
Re: Minnesota ownership change in jeopardy?
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Re: Minnesota ownership change in jeopardy?
xdrta+ wrote:Wonder if the remorse is valuing the team at 1.5B, considering the Suns sold for 4B just last year.
If that’s the case then Lore should have been able to come up with the money, no?
"Darkness cannot drive out darkness; only light can do that. Hate cannot drive out hate; only love can do that." -Martin Luther King Jr
Re: Minnesota ownership change in jeopardy?
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Re: Minnesota ownership change in jeopardy?
azcatz11 wrote:xdrta+ wrote:Wonder if the remorse is valuing the team at 1.5B, considering the Suns sold for 4B just last year.
I assume a court is going to decide this.
According to Krawcyznski in The Athletic, the purchase agreement calls for third-party mediation and arbitration to resolve disputes like this one.
Re: Failure To Buy = Playoffs?
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Re: Failure To Buy = Playoffs?
Wammy Giveaway wrote:With that deal called off, do you think Wolves might stumble into the playoffs, to the point they are an easy out? Did Taylor just ruin the Wolves's shot at a deep run?
I doubt it. This isn't a Donald Sterling in 2014 situation. The Wolves on the court should be just fine this year.
Ownership impacts are much more of a long term thing.
Brian Geltzeiler: You see Mark Jackson getting a head coaching job as early as next year?
Adrian Wojnarowski: Not if people make calls on him. Not if an organization is doing their homework and knows all the things he brings with him.
Adrian Wojnarowski: Not if people make calls on him. Not if an organization is doing their homework and knows all the things he brings with him.
Re: Minnesota ownership change in jeopardy?
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Re: Minnesota ownership change in jeopardy?
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Re: Minnesota ownership change in jeopardy?
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Re: Minnesota ownership change in jeopardy?
True, but do you blame Taylor?
ARod and Lore signed a deal to buy the team, but didn’t have the scratch to buy it all at once.
When it was time to pay the first 20%, they didn’t have it. Glen/deal gave them an extension. Glen finally got his money.
When it was time to pay the second 20%, they didn’t have it. Glen/deal gave them an extension. Glen finally got his money.
When it was time to pay the final 40%, they didn’t have it.
ARod and Lore already made half a billion on the increase in the price. It’s their own fault they couldn’t pay the last 40% on time.
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Re: Minnesota ownership change in jeopardy?
Also, it seems like a number of posters are using today’s events to take out their anger on Taylor’s past issues.
Easy solution?
Easy solution?
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Re: Minnesota ownership change in jeopardy?
shrink wrote:ARod and Lore signed a deal to buy the team, but didn’t have the scratch to buy it all at once.
When it was time to pay the first 20%, they didn’t have it. Glen/deal gave them an extension. Glen finally got his money.
When it was time to pay the second 20%, they didn’t have it. Glen/deal gave them an extension. Glen finally got his money.
When it was time to pay the final 40%, they didn’t have it.
ARod and Lore already made half a billion on the increase in the price. It’s their own fault they couldn’t pay the last 40% on time.
Yeah, I gotta side with Taylor here. I didn't follow all the little details of this deal, but safe to say if they had the money to close on this deal a lot sooner, it wouldn't have come to this.
Brian Geltzeiler: You see Mark Jackson getting a head coaching job as early as next year?
Adrian Wojnarowski: Not if people make calls on him. Not if an organization is doing their homework and knows all the things he brings with him.
Adrian Wojnarowski: Not if people make calls on him. Not if an organization is doing their homework and knows all the things he brings with him.