The Timberwolves will have to find another NBA Development League option for its young players.
The Iowa Energy reached a single-affiliation agreement with the Memphis Grizzlies. A group of Grizzlies partners and local Iowa investors will create a new ownership group.
The options for the Wolves now are another affiliation agreement — the Energy had such deals with five NBA franchises last season — or the Wolves could secure a hybrid agreement. In the second scenario, the Wolves would run the basketball side of an operation while allowing the team owners to run the business side.
KENT YOUNGBLOOD
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More From Star Tribune
More From Sports
Business
Glen Taylor announces that Timberwolves are no longer for sale
The Minnesota Timberwolves will evidently remain in the control of owner Glen Taylor, after he announced Thursday that a deal where Marc Lore and Alex Rodriguez would have acquired the controlling stake in the team has expired.
Wolves
Taylor to remain owner of Wolves, Lynx as sale to Lore, Rodriguez falls through
Glen Taylor will remain as majority owner of the Timberwolves and Lynx after a window for Marc Lore and Alex Rodriguez to close on a sale of a controlling interest expired Wednesday.
Gophers
Gophers' Pharrel Payne enters transfer portal, leaving big hole in the middle
The Gophers men's basketball team has seen Pharrel Payne develop into an inside force but could be without him next season.
Sports
Rays' Wander Franco placed on administrative leave through June 1 as sexual abuse probe continues
Tampa Bay All-Star shortstop Wander Franco was placed on administrative leave through June 1 under an agreement between Major League Baseball and the players' association while the investigation continues in an alleged relationship with a minor.
Sports
Oxford coach blasts Thames pollution as a national disgrace ahead of Boat Race with Cambridge
The coach of Oxford's crew taking part in the Boat Race described the pollution in London's River Thames as a ''national disgrace."