Tim Connelly has agreed to a restructured contract with the Minnesota Timberwolves this week, deferring his opt-out until the 2025 offseason.
Glen Taylor is still in charge of the franchise amid his legal battle with the Marc Lore/Alex Rodriguez ownership group, which is currently in arbitration.
Once ownership of the franchise is clarified, all parties are willing to discuss a long-term deal.
Taylor has told several individuals within the organization that he is prepared to pay the luxury tax next season if he remains the controlling owner.
