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T'Wolves' Taylor Buys Back 5% Of Team Stake From Chinese Investor

T'Wolves Owner Glen Taylor said that Chinese investor Lizhang Jiang is selling his 5% ownership in the team "back to Taylor," according to Sid Hartman of the Minneapolis STAR TRIBUNE. Orbach Group Chair Meyer Orbach, who bought 9.5% of the team in '16, is "in line to buy any shares Taylor sells." Hartman notes the value of the T'Wolves "keeps going up," something Taylor "never expected." Asked if he was interested in selling the team, Taylor said, "No. ... If I sell any, it will be a little more to [Meyer]." Meanwhile, Hartman notes a positive trend early during interim coach Ryan Saunders’ tenure has been an "increase in attendance." The T'Wolves "averaged 14,765 fans per game in 21 home contests" with former coach Tom Thibodeau and have "averaged nearly 800 more fans per contest with Saunders at 15,511 fans per game in 10 home contests." Meanwhile, Taylor addressed the team's salary cap situation. The T'Wolves’ "biggest question heading into next season" is they have $110M allocated to nine players, including $27.5M for F Andrew Wiggins and $27.3M to C Karl-Anthony Towns. Taylor: "It is stretched a little bit just because of Karl and Wiggins’ salary. They both will be on the max next year" (Minneapolis STAR TRIBUNE, 2/28).

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