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A-Rod, Marc Lore put $940M in escrow in move to buy Wolves

Tue Oct 22 10:06pm ET
Field Level Media

Alex Rodriguez and Marc Lore have at least $940 million in escrow to strengthen their cause as limited partners attempting to buy out majority owner Glen Taylor for full control of the NBA's Minnesota Timberwolves and the WNBA's Lynx, according to multiple media reports on Tuesday.

Rodriguez and his business partner Lore had agreed to purchase the franchises for $1.5 billion in 2021 and had been buying chunks in 20 percent increments: 20, 20, 40 and 20.

In March, they owed Taylor more than $600 million as they attempted to buy another 40 percent and gain majority control, but Taylor said he canceled the deal when the partners changed financing groups and couldn't come up with the money before the deadline for the final payment.

They disagreed, claiming delays in the NBA's approval process and that they were entitled to an extension. The dispute is going to arbitration hearings on Nov. 4.


They added limited partners including billionaire businessman Michael Bloomberg to the prospective ownership group, according to reports in June. He would contribute a portion of the $300 million needed to buy the remaining 20 percent from Taylor and give their partner group 100 percent ownership.

They still would need a vote by the NBA board of governors, with all team sales requiring at least 23 owners give approval.

Taylor has said since the dispute that he doesn't want to sell the team.

The Timberwolves have gained in value to $2.94 billion and the Lynx, who reached the WNBA Finals this season, are worth $85 million, according to Sportico.

Player Notes
Kevin Huerter Tue Oct 22 9:00pm

Sacramento Kings guard Kevin Huerter (shoulder) has a chance to play in Thursday's meeting with the Minnesota Timberwolves. He's been working his way back from shoulder surgery. However, head coach Mike Brown said after Tuesday's practice that Huerter "looks good," adding, "he doesn't look like he's missed a beat." Brown also indicated the 26-year-old would "probably" start if he's cleared to play. Fantasy managers can consider Huerter a starting option if that's the case. If he doesn't suit up, Keon Ellis, who averaged 8.8 points, 3.5 rebounds, and 40.4% shooting from deep in 21 starts last season, would be worth streaming in deep category formats.

Grayson Allen Tue Oct 22 8:40pm

Phoenix Suns forward Grayson Allen (Achilles) is anticipated to suit up for Wednesday's game against the Los Angeles Clippers. The former Duke Blue Devil has been dealing with Achilles soreness and is uncertain to go for the Suns' opener. However, barring a setback, he should be good to go. Allen is coming off the best year of his career, averaging 13.5 points and shooting 46.1% from behind the arc. While he's anticipated to come off the bench in 2024-25, he'll see enough minutes to remain relevant for fantasy managers. His three-point prowess is an added boost for category participants.

Steven Adams Tue Oct 22 8:40pm

Houston Rockets center Steven Adams (knee, calf) is questionable for Wednesday's game versus the Charlotte Hornets. The veteran, who missed the 2023-24 campaign, was traded to Houston in February. While he's expected to continue providing leadership to a young, up-and-coming club, he will come off the bench behind Alperen Sengun, so he'll have a tough time providing consistent production for fantasy managers. With that said, even if Adams suits up, he could see fewer minutes than anticipated while he gets up to speed. Keep him out of the starting lineup.

Mark Williams Tue Oct 22 7:10pm

Charlotte Hornets center Mark Williams (foot) has resumed on-court activities. Unfortunately, he remains without a return date, with the Hornets planning to provide an update "when appropriate." The 2022 No. 15 overall pick appeared in only 19 games last season. Unfortunately, he strained a tendon in his foot nearly a month ago while working his way back and has been on the shelf since. With that in mind, Nick Richards, who averaged 10.1 points, 8.8 rebounds, and 1.1 blocks in 51 starts during the 2023-24 campaign, is more than capable of holding things down underneath the rim until Williams can return.

Kelly Olynyk Tue Oct 22 7:00pm

Toronto Raptors forward/center Kelly Olynyk (back) won't play in Wednesday's game against the Cavaliers. The veteran is battling a back issue, although it's unknown when he'll be ready to play. Olynyk had a decent run with the Raptors last season, averaging 12.7 points, 5.6 rebounds, and 4.6 assists (28 games). However, he shot 33.8% from behind the arc, a significant regression from his time in Utah. Olynyk is expected to come off the bench behind Jakob Poeltl this season, so Bruno Fernando and Chris Boucher should see more action until he returns.

Bruce Brown Tue Oct 22 6:50pm

Toronto Raptors guard/forward Bruce Brown (knee) won't play in Wednesday's matchup with the Cavaliers. He remains without a return date. The 28-year-old is coming off arthroscopic knee surgery. Fortunately, he's recently been practicing somewhat, so he is moving in the right direction. Brown is coming off a down year, averaging 9.6 points in 34 games with the Raptors in 2023-24. He'll likely need time to ramp up once he's cleared to return. But with RJ Barrett (shoulder) and Kelly Olynyk (back) also out for the opener, Scottie Barnes, Immanuel Quickley, and Gradey Dick should be Toronto's top producers on the offensive end.

RJ Barrett Tue Oct 22 6:40pm

Toronto Raptors forward RJ Barrett (shoulder) won't play in Wednesday's game against the Cavaliers. The former Duke Blue Devil suffered an AC joint sprain a few weeks ago and has been working his way back since. He was hoping to be ready for the opener. However, that won't happen. Fortunately, he's been increasing his activity level, so fantasy managers shouldn't shut the door regarding a potential return for upcoming meetings with Philadelphia, Minnesota, or Denver. But with Bruce Brown (knee) and Kelly Olynyk (back) ruled out, Scottie Barnes and Immanuel Quickley should carry the load on the offensive end. There's also room for Gradey Dick and Ochai Agbaji to smash their projections for Wednesday evening.

Isaiah Jackson Tue Oct 22 6:10pm

Indiana Pacers center Isaiah Jackson (groin) is listed as questionable ahead of the season opener against the Detroit Pistons on Wednesday. The good news is that the Pacers are considering Jackson as day-to-day with this minor groin issue. Head coach Rick Carlisle doesn't believe this is something that is going to sideline Jackson for long. The absence of Jackson would probably mean James Wiseman serves as the primary backup center to Myles Turner. Wiseman is a former top draft pick, but hasn't lived up to the hype. He might see 15-20 minutes without Jackson, but he hasn't proven to be a trustworthy option throughout his career.

Zion Williamson Tue Oct 22 6:00pm

New Orleans Pelicans forward Zion Williamson (illness) is looking like a game-time decision ahead of Wednesday's season opener against the Chicago Bulls. Williamson missed Tuesday's practice and is currently considered day-to-day due to a minor illness. The good news is that this issue shouldn't be something that sidelines Williamson for long. This is obviously frustrating to see the oft-injured forward on the injury report already, but at least it's for something minor. Herbert Jones and Javonte Green figure to see more run if Williamson is unable to play. Jones is the much better fantasy option between the two, but fantasy managers will need to check back on Wednesday for another update.

Dejounte Murray Tue Oct 22 5:50pm

New Orleans Pelicans guard Dejounte Murray (personal) is uncertain to suit up for Wednesday's season opener against the Chicago Bulls. Murray is currently away from the team due to a family emergency. Head coach Willie Green said the team was hopeful that Murray would return for a workout on Tuesday. It seems that Murray is trending towards a game-time decision ahead of Wednesday's game. Backup guard Jose Alvarado (knee) is listed as questionable for this game as well. CJ McCollum would likely be asked to be the primary ball handler if Murray sits out. Also, Jordan Hawkins and Antonio Reeves would see more minutes in the rotation.

Jose Alvarado Tue Oct 22 5:40pm

New Orleans Pelicans guard Jose Alvarado (knee) is currently listed as questionable ahead of the season opener against the Chicago Bulls on Wednesday. Alvarado is currently dealing with a right knee contusion that could possibly sideline him for Wednesday's game or longer. The 26-year-old figures to be the primary backup to Dejounte Murray (personal) who is also questionable for this game. The Pelicans could be in some trouble if both guards are unable to play. Jordan Hawkins or Antonio Reeves would be candidates for more minutes if Alvarado sits out. Hawkins is the more appealing option between the two, but there should be better streaming choices available.

Josh Richardson Tue Oct 22 5:30pm

Miami Heat guard Josh Richardson (heel) has been ruled out for Wednesday's season opener against the Orlando Magic. Richardson saw his season come to an early end last year due to a shoulder issue. He appears to be finally over that, but now Richardson is dealing with a left heel injury. The 31-year-old will miss the season opener, but will hopefully be available for Saturday's game against the Charlotte Hornets. Until then, Duncan Robinson and Alec Burks figure to see increased playing time. Neither of them are likely to see enough minutes to warrant rostering in most formats. Between the two, Robinson is the better fantasy option due to his ability to shoot from beyond the arc.

Giannis Antetokounmpo Tue Oct 22 5:20pm

Milwaukee Bucks forward Giannis Antetokounmpo (knee) is currently listed as probable ahead of Wednesday's season opener against the Philadelphia 76ers. The superstar forward is dealing with tendinitis in his knee, but it isn't expected to sideline him for the season opener. It's obviously never good to see Antetokounmpo pop up on the injury report before a game is played. However, this doesn't sound like it's going to be an issue that is going to force him to miss time. Fantasy managers who took Antetokounmpo in the first-round of fantasy drafts should expect him to suit up on Wednesday.

Lonzo Ball Tue Oct 22 5:10pm

Chicago Bulls point guard Lonzo Ball (knee) will suit up for Wednesday's season opener versus the New Orleans Pelicans. After being sidelined with knee injuries, Ball saw action in the preseason for the first time since January 2022. The 26-year-old will most likely see minute restrictions despite playing well during the preseason. With limits in place for now, Ball will not make much of an impact in fantasy, as he will consistently play less than 20 minutes per contest.

Paul George Tue Oct 22 4:40pm

Philadelphia 76ers forward Paul George (knee) will miss the team's regular-season opener against the Bucks Wednesday, per Shams Charania of ESPN. The 76ers will start the season with a depleted rotation as star center Joel Embiid (knee) is also out and will likely miss up to three games. George has been limited in practice and will be reevaluated later in the week. Expect Caleb Martin and Kelly Oubre Jr. to see more time on the court while the 34-year-old veteran is sidelined.

Joel Embiid Tue Oct 22 4:10pm

Philadelphia 76ers center Joel Embiid (knee) will be sidelined for Wednesday's regular-season opener versus the Milwaukee Bucks, and he will likely be out on Friday against the Raptors in Toronto, per Tim Bontemps of ESPN. The former MVP is expected to participate in scrimmages soon, but he could miss up to three games before being reevaluated, the 76ers announced. With the absence of Embiid, Andre Drummond will likely see an uptick in minutes early in the regular season.

Luka Doncic Tue Oct 22 3:30pm

According to Mike Curtis of The Dallas Morning News, Dallas Mavericks point guard Luka Doncic (calf) said he is ready to play Thursday in the season opener against the Spurs. Doncic missed all preseason with a left calf contusion, but the injury was considered minor. The 25-year-old also mentioned that his calf feels "perfect." Fantasy managers can breathe a sigh of relief as there should be no restrictions on Doncic for the Mavs first regular season contest.

Luke Kennard Tue Oct 22 7:50am

Memphis Grizzlies shooting guard Luke Kennard (foot) has been ruled out for at least the first week of the 2024-25 regular season by head coach Taylor Jenkins. Kennard is battling foot soreness sustained during preseason action last week. Memphis has three games scheduled for the first week, starting with a matchup against Utah on Wednesday. John Konchar could see more time on the court in Kennard's absence, although the Grizzlies have their regular backcourt healthy for the start of the season, leaving the bench guys with few opportunities to make an impact.

Vince Williams Jr. Tue Oct 22 7:50am

Memphis Grizzlies guard/forward Vince Williams Jr. (shin) has been ruled out for the start of the season. According to Grizzlies head coach Taylor Jenkins, Williams Jr. is "a couple of weeks away" from being ready to play. The 24-year-old is recovering from a shin stress reaction. Once he's healthy again, Williams Jr. will be leading the second unit. He did most of his damage as a starter last year, so Williams Jr.'s fantasy stock will be lower in 2024-25 unless Memphis starts losing its key guys to injuries again. Jake LaRavia and John Konchar should handle Williams Jr.'s minutes until he's ready to return. Neither player is a good fantasy option.

Patrick Williams Tue Oct 22 7:40am

Chicago Bulls forward Patrick Williams (ankle) was able to practice on Monday. He exited Chicago's preseason finale against Cleveland with an ankle injury, but it looks like it wasn't anything serious. Williams also battled a wrist injury during the preseason. However, as of right now, Williams should be expected to be in the lineup for Wednesday's season opener against New Orleans. The 23-year-old is set to begin the campaign as a starter, and fantasy managers could get some decent value out of him. Last season, Williams averaged 11.1 points, 4.4 rebounds, 1.6 assists, 0.8 blocks, and 0.9 steals in 30 games as a member of the first unit.