Minnesota Timberwolves owner Glen Taylor reportedly began the process of looking to sell the team about this time last year.
He changed his mind.
Taylor decided to take the team off the market and will not sell it, according to Brian Windhorst of ESPN.com. Taylor will also give some ownership stake as part of an agreement with Flip Saunders, the team’s new president of basketball operations.
In February, NBA commissioner David Stern described Taylor as not an “anxious seller.”