Glen Taylor has been close a few times to selling his stake of the Timberwolves, but no deal has crossed the finish line.
That appears to be changing.
Taylor, 80, has an agreement for the $1.5 billion sale of the Wolves and Lynx to former baseball star Alex Rodriguez and tech entrepreneur Marc Lore, a source confirmed.
The sides previously agreed to a 30-day exclusive negotiating window last month, but talks between the sides never ceased when that window expired, nor were there any major stumbling blocks to getting a deal done.
The next step in the process is to have the NBA approve the sale, which is likely to take weeks.