New Timberwolves ownership group reportedly plans to keep team in Minneapolis
The Wolves would likely be forced to pay a relocation fee of anywhere between $500M to $1B.
A deal for Glen Taylor to sell the Minnesota Timberwolves to Alex Rodriguez and Mark Lore is expected to be completed in the near future after the investment group signed a letter of intent last weekend. According to The Athletic, the plan is for the Wolves to remain in Minnesota.
The Timberwolves would likely be forced to pay a relocation fee of anywhere between $500M to $1B should they decide to move and that move is approved. The Wolves currently play in the 14th large media market in the country while Seattle is 12th.