The Minnesota Timberwolves and Lynx are closer to a full ownership transition as Glen Taylor, the current owner, will not appeal an arbitration ruling in favor of Alex Rodriguez and Marc Lore. This decision follows a lengthy dispute regarding a $1.5 billion purchase agreement. As a result, Rodriguez and Lore are on track to finalize their ownership of both franchises, with the NBA's approval expected following positive comments from Commissioner Adam Silver.

Despite initial setbacks, including Taylor's earlier claims of seller's remorse, the latest ruling confirms that the buyers adhered to the terms of the agreement. The Timberwolves and Lynx have been valued at over $3 billion, a considerable increase from Taylor's original purchase price of $94 million in 1994. The impending sale marks a significant shift in the franchises' management and future direction.

Ownership of the Minnesota Timberwolves and WNBA's Lynx has officially changed hands, concluding a lengthy dispute that began in 2021. Glen Taylor has finalized the sale to a group led by Marc Lore and Alex Rodriguez for $1.5 billion after a series of payments and legal battles. A critical arbitration ruling favored Lore and Rodriguez, allowing the sale to proceed despite Taylor's attempts to back out after a missed payment. The transition puts Lore and Rodriguez in charge of the Timberwolves as they approach an essential offseason.

The Timberwolves, currently contending for a playoff spot, face significant roster decisions as key players like Karl-Anthony Towns have left and impending free agents Naz Reid, Nickeil Alexander-Walker, and Julius Randle could impact their future. The new ownership's willingness to invest in the team is crucial; otherwise, they risk losing vital talent that could hinder their championship aspirations.

Glen Taylor has reached an agreement for the sale of 100% ownership of the Minnesota Timberwolves and Lynx to the Marc Lore-Alex Rodriguez group for the same $1.5 billion price initially agreed upon in 2021. The NBA has begun the transfer process after an arbitrator ruled in favor of Lore and Rodriguez in a dispute regarding the sale, which had been nearly halted when Taylor believed terms were breached. The duo enhanced their ownership group by securing financial backing from notable investors, totaling an additional $950 million in escrow, solidifying their intent to finalize the transaction. Taylor, who bought the team in 1994, has been considering selling it for years.

Nikola Jokic delivered a historic performance with a career-high 61 points, complemented by 10 rebounds and 10 assists, marking his third triple-double of the season. This feat places him among an elite group, as he joins LeBron James, James Harden, and Luka Doncic as the only players to achieve a 60-point triple-double in NBA history. Despite his remarkable night, the Denver Nuggets fell short against the Minnesota Timberwolves, losing 140-139 in a thrilling double-overtime clash. Jokic's late-game free throw gave Denver a brief 139-138 lead, but a turnover by Anthony Edwards and a crucial foul by Russell Westbrook allowed Nickeil Alexander-Walker to secure victory with two clutch free throws.

Anthony Edwards was the standout for the Timberwolves, scoring 34 points, with 24 coming during the critical stretches of the fourth quarter and overtime. The Timberwolves are now positioned to move out of the play-in tournament, tying with the Memphis Grizzlies for the sixth seed in the Western Conference, while the Nuggets remain in third place, closely pursued by the Los Angeles Lakers.

A thrilling NBA matchup unfolded at Ball Arena as the Denver Nuggets faced off against the Minnesota Timberwolves, featuring a dramatic double overtime finish. The game showcased Nikola Jokic's extraordinary performance, with 61 points, 10 rebounds, and 10 assists. However, a late foul by Russell Westbrook on Nickeil Alexander-Walker allowed Minnesota to clinch a narrow 140-139 victory. The aftermath saw the Nuggets reflect on missed opportunities, reminiscent of previous playoff heartbreaks.

The loss puts pressure on Denver as they hold a slim half-game lead over their rivals in the Western Conference. Jokic's leadership shone through as he rallied his teammates, emphasizing that the defeat was a collective responsibility. Coach Michael Malone echoed this sentiment, highlighting the need for unity and resilience moving forward.