The 30-day negotiation window between Timberwolves and Lynx owner Glen Taylor and prospective new owners Marc Lore and Alex Rodriguez has expired, but negotiations between the parties continue on an agreement for the purchase of the franchises, sources said Tuesday.
The expiration of the 30-day exclusivity window without a deal does not mean talks have broken down and there could be an extension to that agreement, ESPN reported.
In April, Taylor reached the agreement with Lore and Rodriguez for the potential $1.5 billion sale of the Wolves and Lynx with Taylor maintaining controlling ownership for two years before Lore and Rodriguez would take over in 2023.