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.
Aug 30, 2014, 8:00 PM EDT
That’s a higher bar than most realize
Aug 30, 2014, 7:00 PM EDT
Klay Thompson scored 18 points and Anthony Davis had 17 points on the night. Finland had great fans, though.
Aug 30, 2014, 6:30 PM EDT
Kings rookie rookie honing his 3-point Shootout skills
Aug 30, 2014, 5:00 PM EDT
Will Davis be better than LeBron and Durant in five years? I’ll say this — he’ll be on that level.
Aug 30, 2014, 3:30 PM EDT
Role models are not one size fits all.
Aug 30, 2014, 2:00 PM EDT
Former Tennessee guard, drafted No. 58, will help Philadelphia tank from afar
Aug 30, 2014, 12:30 PM EDT
Other NBA teams also watching Slovenia closely in World Cup to assess Zoran
Aug 30, 2014, 11:00 AM EDT
Finland isn’t as good as the teams the USA was destroying in tune ups.
Aug 30, 2014, 9:30 AM EDT
He can decide this summer, or he can wait and join a team mid-season. There is no rush.
Aug 30, 2014, 8:00 AM EDT
“We talk and he’s ready. He’s 20-year-old Kobe. It’s going to be a crazy environment.” — James Harden on Kobe Bryant
Aug 30, 2014, 12:11 AM EDT
Another Pacer player injured in international play.
Aug 29, 2014, 11:15 PM EDT
Tournament features a record 75 players who have played in the NBA at some point, and we have the complete list.
Chris Paul discusses his signature shoe, hoops with media at launch of his Jordan Brand CP3 VIII (VIDEO)
Aug 29, 2014, 9:45 PM EDT
Chris Paul is way more into sneakers than you are, and articulated it well at the launch of his latest signature shoe in New York earlier this week.
Aug 29, 2014, 8:15 PM EDT
Ayon has played for four teams in three NBA seasons, and currently only has offers to play overseas next year.
Aug 29, 2014, 6:43 PM EDT
Allen is undecided on playing next season.
Aug 29, 2014, 4:15 PM EDT
Knicks wing acts as security guard in prank
Aug 29, 2014, 3:33 PM EDT
Bulls have Joakim Noah, Pau Gasol, Taj Gibson and Nikola Mirotic
Aug 29, 2014, 2:47 PM EDT
Colangelo touts Anthony Davis, James Harden, Stephen Curry, Derrick Rose, Rudy Gay
Aug 29, 2014, 2:00 PM EDT
By also stretching Carlos Delfino, Clippers can sign four veterans to minimum contracts
Aug 29, 2014, 1:15 PM EDT
The truth is limited games in an unusual setting don’t provide real answers to how Rose is feeling or will do down the line. What you think this says about Rose really says more about what you think of Rose’s future than anything else.
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