Oct 28, 2013, 6:04 PM EDT
You can check Minnesota off the list of teams that could be moving.
It was never likely they would be gone — Timberwolves owner Glen Taylor is a former state senator, not the guy likely to turn his back on the state — but a an agreement on a new, $97 million renovation of the Target Center comes with a new lease through 2032, the team announced Monday.
“The new Target Center will be stunning. I am thrilled that Timberwolves and Lynx fans will soon have a first class experience when they come to our games,” Taylor, majority owner of the Minnesota Timberwolves and WNBA’s Lynx, said in a released statement. “This is a fair and sensible solution. Target Center has a perfect location and good bones, so we’re excited about building something truly special on that strong foundation.”
As part of the deal, the City of Minneapolis will contribute $48.5 million to the project, the Timberwolves and Lynx will pay $43 million and AEG (which operates the building) will pay $5.5 million.
The renovations will be interior and exterior. Of course, there will be more premium seating as part of the renovation because that is what pays the bills in modern sports economics.
In case you’re curious about the next team that could move, it is the Milwaukee Bucks, their lease is up in four years. However, I wouldn’t bet on it, especially with Adam Silver taking over as commissioner — he is more committed to market stability than his predecessor.
Apr 18, 2014, 3:27 PM EDT
We look at all 8 first round series.
Apr 18, 2014, 2:37 PM EDT
Memphis’ grit and grind will make it hard on the Thunder.
Apr 18, 2014, 1:45 PM EDT
Rockets in 7
Apr 18, 2014, 1:05 PM EDT
First-team frontcourt a constant, but guard spots debated
Apr 18, 2014, 12:29 PM EDT
Bulls in 6
Apr 18, 2014, 11:44 AM EDT
While nothing is set in stone (Mike Woodson has yet to be officially fired) you know back channel conversations have already taken place. It sounds like Kerr wants in.
Apr 18, 2014, 11:10 AM EDT
Behold: The Air Jordan XX9.
Apr 18, 2014, 11:05 AM EDT
Kevin Durant and LeBron James finish 1-2 on every ballot
Apr 18, 2014, 10:33 AM EDT
Playing effective NBA defense is more about dictating shot location than contesting shots.
Apr 18, 2014, 10:00 AM EDT
Taking a lot of 3s and making a lot of 2s is not easy
Apr 18, 2014, 9:15 AM EDT
With Andrew Bogut the Warriors outplayed the Clippers this season, but Golden State will be without him and that is trouble.
Apr 18, 2014, 8:44 AM EDT
The league will try to offer a larger, better paying D-League
Apr 18, 2014, 8:00 AM EDT
Wizards also rise
Apr 18, 2014, 12:56 AM EDT
This is exactly what you’ve been waiting for — a dramatic reading of Space Jam including Blake Griffin and D’Andre Jordan.
Apr 17, 2014, 11:18 PM EDT
We may not see him on the sidelines of TNT games these playoffs.
Apr 17, 2014, 9:38 PM EDT
Center has $3.8 million player option
Apr 17, 2014, 8:34 PM EDT
All would make strong hires
Apr 17, 2014, 7:05 PM EDT
Adidas rolls the dice on a young guard with potential. Not a bad business plan.
Apr 17, 2014, 5:57 PM EDT
Both are likely first round picks in the teens or early 20s.
The Al Jefferson Effect: Now that the Bobcats are playoff-bound, how they want their big man to help next
Apr 17, 2014, 4:53 PM EDT
What affect will Jefferson have on the development of Kemba Walker, Bismack Biyombo, Michael Kidd-Gilchrist and Cody Zeller?
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