Timberwolves owner Glen Taylor recently entered into an exclusivity agreement with former Grizzlies minority owner Daniel E. Straus to sell the Wolves and Lynx, according to reports from the Athletic and KSTP.
That exclusivity agreement expired last week, but the Athletic reported the sides are engaged in advanced talks.
Straus is the latest name to emerge in Taylor’s quest to find a buyer. Former Timberwolves star Kevin Garnett expressed interest as part of a group, as did former NBA forward Arron Afflalo. The Wilf family, which also owns the Vikings, also engaged in talks with Taylor.
Straus was a minority owner of the Grizzlies along with Steve Kaplan, who expressed interest in acquiring the team from Taylor in 2017.