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Timberwolves: Tim Connelly didn’t actually get ownership stake

Tim Connelly

DENVER, CO - APRIL 29 : Tim Connelly, president of basketball operations of the Denver Nuggets, is in the press conference at Ball Arena in Denver, Colorado on Friday, April 29, 2022.(Photo by Hyoung Chang/MediaNews Group/The Denver Post via Getty Images)

Denver Post via Getty Images

The reports that gave the impression the Timberwolves offered an ownership stake to lure Nuggets president Tim Connelly?

Apparently inaccurate.

Marc Stein of Substack:

Incoming Timberwolves owners Alex Rodriguez and Marc Lore might like the impression they did something bold. The Nuggets – who were too cheap to retain Connelly – might want people to believe Minnesota’s offer was outlandish. Connelly clearly didn’t want the details public.

But uninvolved teams’ owners are surely glad Glen Taylor revealed that. They don’t want a precedent of having to relinquish ownership shares to compensate top executives.

Connelly reportedly got a five-year, $40 million contract plus this bonus of unknown value. That’s still a lot of money, even if this isn’t the landmark deal it was once thought to be.

Most importantly, it was enough to poach Connelly, an excellent executive who brightens Minnesota’s long-term outlook.