Kevin Garnett is probably the highest-earning basketball player in NBA history and has made $327 million in salary since he was drafted by the Minnesota Timberwolves in 1995. Garnett was recently traded back to Minnesota, and recently, Business Insider reported that star player has plans to stay with the team for a much longer time.
Garnett plans on playing for the team for two more seasons and then form a group with coach and president Flip Saunders to purchase Timberwolves in 2017, according to Charley Walters of the Pioneer Press. Timberwolves Wolves, whose owner Glen Taylor paid $88 million for in 1994, was valued at $625 million last January by Forbes. Taylor, who turns 74 in April, is open to having more limited partnership with others. But he does not plan on selling his team until he finds out what the Atlanta Hawks, who are currently for sale and taking bids, end up going for.
Garnett previously told Yahoo Sports in November that: “I want to buy the Timberwolves. Put a group together and perhaps some day try to buy the team. That’s what I want.” Michael Jordan who is the only former NBA player that has ended up to become a majority owner of an NBA franchise, told ESPN last fall that he would like to see more players follow in his path.