Minnesota Timberwolves owner Glen Taylor has reached agreement on a $1.5 billion sale of the team to former baseball star Alex Rodriguez and e-commerce mogul Marc Lore, according to multiple reports.
NBA approval of the deal was still pending, and neither side has publicly announced an agreement.
The two sides had entered an exclusive 30-day negotiating window April 10 that expired without an agreement, though the sides continued to negotiate in good faith, sources previously told ESPN's Brian Windhorst. Taylor previously said a deal was contingent on Lore and Rodriguez keeping the team in Minnesota
Lore and Rodriguez are 50-50 partners.