The Wolves have won only 14 of 59 games this season, and while their attendance is up over last year's anemic figures, the team expects to lose close to $25 million, and some of the minority owners would like to sell the part of the team they own. However, owner Glen Taylor said he doesn't have any thoughts of either selling or moving the team, and he is confident that the present management will eventually have the Wolves competing with the best teams in the NBA.
"Nope, I'm too competitive to give up," said Taylor, who also is in deep red ink operating the WNBA's Lynx but believes that professional women's basketball should get its opportunity.
Taylor confirms that the Wolves will be part of teams in the NBA that will lose a total of $400 million or more this season.
About the new management, Taylor said one of the things he is most happy about is the hiring of David Kahn as president of basketball operations and Kurt Rambis as coach.
"I think the fan in me would have liked to see us win more of some of these close games at home," he said. "We've lost a number of games in the last few minutes where we just didn't come through, and it would have been exciting to do that. But, overall, looking at the players and knowing what they're going to go through with young guys, I guess I have to be satisfied."
Taylor said he believes Kahn and Rambis are doing what he expected when they were hired.
"Yes, I'm pleased with both David and the coaching staff. I just think they've been very patient," Taylor said. "They said to me: Give us a year to look at these guys and let us do an evaluation and let's see if we can get them to improve. My expectation is that when we get to the end of this season, they will make some changes and they'll be comfortable with some of the guys."
Taylor said the losing is not unexpected.