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Post by Bonecrusher on May 8, 2024 7:10:44 GMT -6
I wouldn't be surprised to see him get a 5th as well next year provided ownership is willing to pay the luxury tax and we keep most of our players.
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Post by XRaySpecs on May 8, 2024 8:09:15 GMT -6
I wouldn't be surprised to see him get a 5th as well next year provided ownership is willing to pay the luxury tax and we keep most of our players. Possible, but I'd put my money on Wemby right now. The league desperately wants him to be a mega star.
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Post by Nick K on May 8, 2024 9:28:10 GMT -6
I wouldn't be surprised to see him get a 5th as well next year provided ownership is willing to pay the luxury tax and we keep most of our players. Possible, but I'd put my money on Wemby right now. The league desperately wants him to be a mega star. Not me. Wemby is deserving but SA is a losing team. Gobert is deserving too and is on a team that is winning big. Wemby is young so he has plenty of time to win a bunch of these awards.
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Post by Nick K on May 8, 2024 9:29:47 GMT -6
Nice piece on Ant starting with his youth. The kid could be a phenom in any sport. This was from 3 years ago!
------------------ Here is one even better......
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Post by XRaySpecs on May 8, 2024 17:56:04 GMT -6
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Post by Nick K on May 8, 2024 22:58:33 GMT -6
It is weird your instincts are right. I thought the same thing too. It's a Star Trib piece which is clearly slanted Glens way. Who owns the Star Trib?
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Post by stretcharmstrong on May 9, 2024 5:20:10 GMT -6
It is weird your instincts are right. I thought the same thing too. It's a Star Trib piece which is clearly slanted Glens way. Who owns the Star Trib? Shhhhhh, no one should know that Taylor owns the Strib. And thus, articles written about Taylor would be favorable to him.
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jr
Junior Member
Posts: 298
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Post by jr on May 9, 2024 7:47:00 GMT -6
So, let me understand: Glen agreed to sell 80% ownership in the Wolves and Lynx. The new potential owners turn the franchise around with their management decisions, increasing its value greatly. Then Glen cancels final transfer, finding a way to force arbitration. If he wins in arbitration, he gets his big payday based upon A-Lore's value increase without having to relinquish further ownership shares? Does anyone think this was not pre-planned? I think that would make Glen the con man/snake GOAT. Would A-Lore's financial partners have protection? Would that bankrupt A-Lore? A-Lore would have little choice but to litigate this into eternity. Would the NBA allow this to happen? Do they hold the power? So many questions...
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Post by wunderwolf on May 9, 2024 9:50:11 GMT -6
I'm not an attorney, but from the outside looking in, it sure seems like Glen is not acting in good faith or following their previous agreement. Sellers remorse. Just sell the team to these guys and move on with your final days of your life in peace.
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Post by stretcharmstrong on May 9, 2024 10:10:40 GMT -6
So, let me understand: Glen agreed to sell 80% ownership in the Wolves and Lynx. The new potential owners turn the franchise around with their management decisions, increasing its value greatly. Then Glen cancels final transfer, finding a way to force arbitration. If he wins in arbitration, he gets his big payday based upon A-Lore's value increase without having to relinquish further ownership shares? Does anyone think this was not pre-planned? I think that would make Glen the con man/snake GOAT. Would A-Lore's financial partners have protection? Would that bankrupt A-Lore? A-Lore would have little choice but to litigate this into eternity. Would the NBA allow this to happen? Do they hold the power? So many questions... It is not that simple. This is why instead of going to the court to resolve the issue that League channels are utilized. Could there be litigation after the league makes a decision, yes. But, like selling the team or other major changes, the owner has to be approved through the collective. And yes, there is sellers remorse going on and a little bit of financial struggle when Lore stopped being gung ho on providing financial backing. It was dumb on his part.
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Post by BIG BAD WOLF on May 9, 2024 10:28:17 GMT -6
All this could have been avoided if LoRod came up with the money for the scheduled payment on or before the mutually agreed date! How is it that they are blaming other people for what boils down to be their main responsibility? It just so happen that the value of the franchise went up during that period, but it could have as well go down. Imagine the narrative if all this payment saga happened under that kind of circumstances...
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Post by levine on May 9, 2024 10:45:39 GMT -6
All this could have been avoided if LoRod came up with the money for the scheduled payment on or before the mutually agreed date! How is it that they are blaming other people for what boils down to be their main responsibility? It just so happen that the value of the franchise went up during that period, but it could have as well go down. Imagine the narrative if all this payment saga happened under that kind of circumstances... Apparently Lore and ARod submitted the money a week before the deadline. This is a great video. Pablo Torre (especially) and Zach Harper take a really deep dive into everything going on. How the Billion-Dollar War to Own the Timberwolves Went Nuclear | PTFO
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Post by levine on May 9, 2024 10:50:23 GMT -6
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Post by XRaySpecs on May 9, 2024 10:53:31 GMT -6
All this could have been avoided if LoRod came up with the money for the scheduled payment on or before the mutually agreed date! How is it that they are blaming other people for what boils down to be their main responsibility? It just so happen that the value of the franchise went up during that period, but it could have as well go down. Imagine the narrative if all this payment saga happened under that kind of circumstances... The point of contention is that there is disagreement on the date. LoRod's position is that they didn't miss any date. I agree to a point that it made sense to try to wrap it up early, but that assumes that was actually a possibility. They would have needed to submit the paperwork, get it approved by the league, and then transfer the money by March 27. I believe the window to opened 60 days early so not sure if there was even a board of governors meeting in that timeframe. The only other option would have been to pay Glen before the league approved the process and from my understanding no one would have done that. What if the sale was blocked by the league and Glen already had LoRod's money? Also, Glen could have requested escrow for the money if he was expecting payment by March 27. He didn't and it's clear why. When the contract was executed, Glen was planning on selling. He changed his mind and is now grasping to try to keep the team.
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Post by levine on May 9, 2024 10:57:24 GMT -6
They would have needed to submit the paperwork, get it approved by the league, and then transfer the money by March 27. Watch the video I posted. According to Torre, it was submitted on March 20th.
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Post by XRaySpecs on May 9, 2024 10:57:28 GMT -6
Wolves just keep winning... 6MOTY Teammate OTY DPOTY Social Justice Put Jaden and NAW on the all defense team and give Ant finals MVP! Let's go! Seriously, this is good group of guys. Love KAT getting recognition for his efforts.
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Post by XRaySpecs on May 9, 2024 10:58:42 GMT -6
They would have needed to submit the paperwork, get it approved by the league, and then transfer the money by March 27. Watch the video I posted. According to Torre, it was submitted on March 20th. I will. If so, what's even Glen's deal here? If he pulled this crap without any grounds at all I hope he winds up paying damages.
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Post by levine on May 9, 2024 11:15:45 GMT -6
Put Jaden and NAW on the all defense team and give Ant finals MVP! Let's go! NAW unfortunately isn't eligible. Jaden getting no DPOY votes at all is also not a great sign for him.
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Post by XRaySpecs on May 9, 2024 12:03:19 GMT -6
They would have needed to submit the paperwork, get it approved by the league, and then transfer the money by March 27. Watch the video I posted. According to Torre, it was submitted on March 20th. A good video for context of the situation. I'm not sure what it means that the money was "submitted" though. LoRod had said in their interviews when this went down that they had the money ready so I'm assuming submitted means they submitted proof of funds to the NBA? I don't think submitted means the funds were actually moved which Glen referenced at one point as a reason for stopping the process. My point about LoRod completing this early is that in Glen's view, he actually needed the money in his account before he considered it done. No one would actually do that though unless it was confirmed by the league. The video says none of the money stuff is the actual issue though which was learned in mediation. Glen's legal argument is that he's claiming LoRod haven't made commercially reasonable efforts in the purchase of the team. It was explained that Glen is claiming LoRod didn't make their purchase in a typical fashion so it's grounds for termination. He's saying he can refuse their payment because they didn't check boxes along the way.
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Post by quinn on May 9, 2024 12:30:53 GMT -6
Watch the video I posted. According to Torre, it was submitted on March 20th. A good video for context of the situation. I'm not sure what it means that the money was "submitted" though. LoRod had said in their interviews when this went down that they had the money ready so I'm assuming submitted means they submitted proof of funds to the NBA? I don't think submitted means the funds were actually moved which Glen referenced at one point as a reason for stopping the process. My point about LoRod completing this early is that in Glen's view, he actually needed the money in his account before he considered it done. No one would actually do that though unless it was confirmed by the league. The video says none of the money stuff is the actual issue though which was learned in mediation. Glen's legal argument is that he's claiming LoRod haven't made commercially reasonable efforts in the purchase of the team. It was explained that Glen is claiming LoRod didn't make their purchase in a typical fashion so it's grounds for termination. He's saying he can refuse their payment because they didn't check boxes along the way. The commercially reasonable efforts would be what Glen wins on. I still don't really know what that means, but if I understand it right, it would mean that Lo-Rod would have to make efforts that would be similar to how other NBA team sales go down. Is there a world where Glen effed them from the start by offering this purchase plan? Could it be that he knew that this sale would never hold up in court so he, knowing he has no clue how to run a team, hires Lo-Rod as the highest quality external consultants to fix his team, raise the value, and then sell for a massively increased price a few years later? Who knows with Glen. He strikes me as a bumbling buffoon who has a keen eye for knowing how to snake people.
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Post by jojo on May 9, 2024 14:48:11 GMT -6
Yes Glen seems to be changing the assumed terminology of typical NBA ownership transactions. I’d expect that A-Lore team would compare their transfer agreement to other NBA team sales. Glen is the current owner so he’s got that going for him- it’s going to be difficult to pry the team from his cold dead hands. But in his own words in the interview he admits that the increase in value and success of the team led him to this action. That seems to be a good argument for A-Lore that he is not operating in good faith. Not sure how this turns out but still say the quickest way to resolution is a compromise.Either A-Lore kicks in more money or accepts lower ownership stake. The trick is who becomes controlling owner. Can they come up with way to let Glen save face?
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Post by Nick K on May 9, 2024 15:16:27 GMT -6
All this could have been avoided if LoRod came up with the money for the scheduled payment on or before the mutually agreed date! How is it that they are blaming other people for what boils down to be their main responsibility? It just so happen that the value of the franchise went up during that period, but it could have as well go down. Imagine the narrative if all this payment saga happened under that kind of circumstances... Apparently Lore and ARod submitted the money a week before the deadline. This is a great video. Pablo Torre (especially) and Zach Harper take a really deep dive into everything going on. How the Billion-Dollar War to Own the Timberwolves Went Nuclear | PTFOGeez Levine, that's a tremendous and believable podcast. It's what I've been thinking all along. Glen is really a devious piece of work. The part that hit me most is when our Wolves win the NBA Championship this year it will be Glen "the snake" Taylor raising the trophy to the ceiling.
I feel for Lo/Rod. One moment they believe they own the team the next they are out! I doubt Taylor let's them join the victory celebration.
The kicker was Taylor quietly buying out the 2.9% owned by Sexton to give Taylor a fractional majority all unknown to LO/Rod. That was devious and planned all along. This was a pre-meditated betrayal. How evil! WOW!
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Post by XRaySpecs on May 9, 2024 15:40:22 GMT -6
The commercially reasonable efforts would be what Glen wins on. I still don't really know what that means, but if I understand it right, it would mean that Lo-Rod would have to make efforts that would be similar to how other NBA team sales go down. Is there a world where Glen effed them from the start by offering this purchase plan? Could it be that he knew that this sale would never hold up in court so he, knowing he has no clue how to run a team, hires Lo-Rod as the highest quality external consultants to fix his team, raise the value, and then sell for a massively increased price a few years later? Who knows with Glen. He strikes me as a bumbling buffoon who has a keen eye for knowing how to snake people. I don't get it either. I keep coming back to how Glen pulled the plug on the 28th and not earlier. I believe Levine already shared a lawyer's perspective that Glen can't use old incidents as grounds to breach the sale if he kept moving along with the process. Basically Glen can't just note where LoRod didn't pound in a nail correctly at the beginning and then bring it up at the end to get out of not paying for the whole house that was built afterward. I'm not sure why this commercially reasonable efforts thing would be different. Glen is saying that they did make these "efforts" all along, but waited until the final deadline to notify of breach? Oh boy...what an idiotic situation. Sounds like if the dream would actually come true and the Wolves would win the title, it would be Glen hoisting the trophy. I'm guessing that LoRod wouldn't forget that when it comes to when it comes to asking for damages. If I were in their position and was found to have rightfully purchased the team, but couldn't actually act as the owner due to petulance of the outgoing guy, I might want some compensation. For Wolves fans that situation would be awesome in that we won the trophy. For Glen it could be bittersweet. He gets to hold it up, but it might cost him $100s of millions in damages?
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Post by BIG BAD WOLF on May 9, 2024 17:21:46 GMT -6
I seem to remember LoRod submitting the money close to the very last moment, and the league rejecting it due to some conflict of interest their financier had with some other team. Then a scramble ensued, LoRod requested more time to get another financier, and Glen said no! Not very cavalier of him, but well within his rights to do so!
And BTW, Glenn should be raising the trophy if there is one to be raised! He is the sole reason MN has a team in the position to win that trophy! He always was willing to pony up the cash when the team was in contention. Not the brightest BB mind, susceptible to listen to the wrong people on the decisions regarding the team, but adamant about keeping the team here. He deserves a title before he fades into the sunset…
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Post by levine on May 9, 2024 17:45:58 GMT -6
I seem to remember LoRod submitting the money close to the very last moment, and the league rejecting it due to some conflict of interest their financier had with some other team. Then a scramble ensued, LoRod requested more time to get another financier, and Glen said no! Not very cavalier of him, but well within his rights to do so! And BTW, Glenn should be raising the trophy if there is one to be raised! He is the sole reason MN has a team in the position to win that trophy! He always was willing to pony up the cash when the team was in contention. Not the brightest BB mind, susceptible to listen to the wrong people on the decisions regarding the team, but adamant about keeping the team here. He deserves a title before he fades into the sunset… I don't think that's at all what happened. There was no scramble. Lore already knew there might be issues with Carlyle and had a back-up investor at the ready. huddleup.substack.com/p/the-inside-story-of-how-glen-taylor
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