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Kevin Garnett Is Part Of An Ownership Team Trying To Purchase The Minnesota Timberwolves

Kevin Garnett hasn’t played in the NBA since 2016, but for more than five years, he’s been eyeing an ownership role with the Minnesota Timberwolves. Here’s an inside look at how he can accomplish it.

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Since 2015, when he was still playing, Garnett has had ownership plans. He was planning to join an investor group with several people, including his former coach Flip Saunders; however, that fell apart when Saunders died in October that year.

Garnett felt deceived when Minnesota Timberwolves owner Glen Taylor turned to other minority partners. He declared that he wouldn’t take part in getting his Timberwolves jersey retired and dubbed the owner a “snake [bleep]”. Garnett, however, appears to have changed his position now that Taylor has declared the franchise to be for sale.

My desire for the Minnesota Timberwolves to win a championship is well known, but my love for Minneapolis is much stronger. I want to see Minneapolis as the multicultural and accepting community that I know it to be once more. (1/2)

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— Kevin Garnett on July 21, 2020 (@KevinGarnett5KG)

But as Action Network’s Darren Rovell notes, Garnett has lost a good chunk of his NBA career earnings — which were about $334.3 million — to taxes, fees, and an unscrupulous financial advisor. He could find it challenging to invest significantly in the club, but he could still make a contribution.

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Despite earning $330 million in the NBA, after taxes, agent fees, and a financial advisor allegedly stole $77 million, he likely lacks the funds to even scratch the surface.

July 22, 2020 — Darren Rovell (@darrenrovell)

Taylor paid $88 million for the squad in 1994. The team is one of the least valuable in the NBA and finished 29th in terms of attendance this season. It is still valued at roughly $1.375 billion.

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Of course, no other ownership group in Timberwolves history has the team’s most famous player. That certainly helps Garnett and his team’s cause, though it’s far from certain what Taylor will decide.

Whoever does decide to purchase the Timberwolves will have their job cut out for them, that much is certain. But if they can restore the team back to the level it was at when Garnett played, they’ll be revered forever.

Jonathan Daniel/Getty Images

David Jonathan/Getty Images

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