The arbitration ruling stated that Rodriguez and Lore, who agreed to buy the team for $1.5 billion in 2021, did not violate terms of the purchase agreement, which Taylor alleged. The Timberwolves/Lynx have been valued at just above $3 billion by Forbes and Sportico.

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.

The yearslong quest by Marc Lore and Alex Rodriguez to acquire control of the Minnesota Timberwolves seems to finally be in the home stretch, after current owner Glen Taylor opted not to appeal an arbitration panel’s ruling that he must go forward with the $1.