Jim Mone/Associated Press

Report: Kevin Garnett 'Working Feverishly' to Assemble Group to Buy Timberwolves

Mike Chiari

Future Basketball Hall of Famer Kevin Garnett is reportedly assembling a group of investors to purchase the Minnesota Timberwolves.

According to Jon Krawczynski and Shams Charania of The Athletic, Garnett is "working feverishly" to put the group together. Krawczynski and Charania added that KG has "long preferred to get into the ownership side rather than coaching, saying he doesn't have the patience required for that job."

Per ESPN, Timberwolves owner Glen Taylor said Tuesday in a statement that he will "entertain opportunities" when it comes to the sale of the team, although he won't consider any bidders who want to move the franchise out of Minneapolis.

In the wake of Taylor's statement Tuesday, Garnett tweeted his feelings on the Timberwolves and the city of Minneapolis:

According to ESPN, Garnett also wrote on Instagram: "I'm part of one of the groups trying. Lawd please let my group get this," with regard to purchasing the T-Wolves.

The 44-year-old Garnett spent 21 seasons as an NBA player, 14 of which were with the Timberwolves. After spending his first 12 seasons in Minnesota, Garnett was traded to Boston and helped the Celtics win an NBA championship in 2008.

Garnett then spent parts of two seasons with the Brooklyn Nets before spending his final two seasons back in Minnesota. The 15-time All-Star and one-time NBA MVP retired at the conclusion of the 2015-16 season.

KG was a dominant force for much of his career and among the best big men of his generation. As a result, he made an estimated $334 million during his playing career, per Spotrac.

While Garnett is wealthy, he will need some heavy hitters in his group in order to buy the T-Wolves.

The most recent NBA team sale occurred last year when Joe Tsai bought the Brooklyn Nets from Mikhail Prokhorov. The Nets cost $2.35 billion, which was the highest price ever paid for an American professional sports franchise at the time.

While the Timberwolves may not cost as much because of the smaller market and lack of success in recent years (one playoff appearance in the past 16 seasons), the price of the team still figures to be sky high.

   

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