Marc Lore and Alex Rodriguez have an agreement in place with Glen Taylor for the transfer of ownership of the NBA’s Minnesota Timberwolves and WNBA’s Lynx, a team source confirmed Wednesday.

Taylor has agreed to sell 100% of the Minnesota Timberwolves to Mark Lore and Alex Rodriguez for the $1.5 billion franchise valuation agreed to in 2021, a story broken by Shams Charania and Brian Windhorst of ESPN and confirmed by multiple other reporters since.

Glen Taylor has agreed to transfer complete ownership of the Minnesota Timberwolves and Lynx to the group led by Marc Lore and Alex Rodriguez, multiple outlets reported Wednesday.