Timberwolves owner Glen Taylor, in a court filing last week, responded to a lawsuit brought by minority owner Meyer Orbach alleging Taylor violated Orbach's so-called tag-along rights to sell his shares of the franchise before Alex Rodriguez and Marc Lore take control of the team.
Taylor argues in the filing Orbach is not entitled to a payment for his shares until Rodriguez and Lore assume majority control of the team, which would be in about two years.
Taylor, who also owns the Star Tribune, said currently Rodriguez and Lore have three different options of purchasing larger stakes of the franchise after purchasing 20% this year.