It's done! $1.5 billion to sell the team! Another big deal in the NBA

What rumors have you received, how can you cash out and run away?

In 2023, Cuban sold a majority stake in the Mavericks for $3.5 billion; Some time ago, Green Kai changed hands for $6.1 billion;Recently, Timberwolves owner Glenn Taylor reached an agreement with e-commerce giant Mark Lohr and MLB legend Alex Rodriguez to sell 100% ownership of the Timberwolves and WNBA Bobcats for $1.5 billion.

It is worth mentioning that the Timberwolves sale agreement was reached as early as 2021, and it was delayed until this year that the official change of the person in charge was made.

The change of the person who spoke also made the future of the Timberwolves confusing, is it good or bad? Time will tell.

For example, if the newcomer intends to avoid paying the luxury tax as much as possible, the Timberwolves will have to change their roster significantly, and the competitiveness of winning the championship will also decline rapidly.

This season, the Timberwolves have a total salary of $237.7 million and are required to pay a luxury tax of $95.96 million, ranking second in the league, behind the Suns' $188.5 million.

So far,The Timberwolves sit seventh in the West with 44 wins and 32 losses, tied with the sixth-place Grizzlies and 0.5 wins behind the fifth-place Warriors.

The Timberwolves still have six regular-season games to play, against the Nets, Philadelphia, Bucks, Grizzlies, Nets and Jazz.

The remainder of the schedule is friendly to the Timberwolves, which will hopefully put them in the playoff zone in the final minute of the regular season.

As everyone knows, last season's Timberwolves were a Western Conference final team, but before the start of this season, Towns was suddenly sent to the Knicks in exchange for Randle and DiVincenzo, and the team went downhill and fell into the current situation.

The main reason for the Timberwolves to trade Towns is to avoid taxes and save money, and his salary in the next three years is $53.14 million, $57.08 million and $61.02 million, respectively, in exchange for Randle's 26-year contract expires and he has a player option next season and a salary of only $29.46 million.

It is necessary to remind that if the main goal of the Timberwolves in the future is really to save money instead of rushing to the championship, then they must be ready for Edwards to leave!