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.

A process that began with a $1.5 billion agreement in 2021, finally moves on and now requires only NBA owners’ approval.

The yearslong quest by Marc Lore and Alex Rodriguez to acquire control of the Minnesota Timberwolves finally seems to 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.